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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Jack Grimley is helping Courtesy Chevrolet recover from one of the worst economic stretches in San Diego history. His secret? Keep it simple.
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Coping with the uncertainty of the Dodd-Frank Act and its newly-formed Consumer Financial Protection Bureau (CFPB) will be among U.S. financial institutions’ foremost concerns in 2011, according to the experts at Wolters Kluwer Financial Services.
Read More →The default rate for auto loans declined 1.92 percent in October, the Standard & Poor’s/Experian Consumer Credit Default Indices revealed.
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The purchase and financing of an average priced new vehicle took 23.8 weeks of median family income in the third quarter 2010, according to Comerica Bank’s Auto Affordability Index.
Read More →Ally Financial has been selected by Saab Cars North America as the recommended provider of F&I products and services for Saab dealerships in the United States.
Read More →Daimler Financial Services has changed its legal entity name to Mercedes-Benz Financial Services USA LLC, the company announced yesterday.
Read More →General Motors Financial Company Inc., formerly known as AmeriCredit Corp., reported net income of $51 million for the quarter ended Sept. 30, 2010.
Read More →In his state of the industry report, CNW Research’s Art Spinella said several indicators point to a solid first quarter 2011. What his data doesn’t point to, however, is the industry cracking the 13 million-unit mark next year.
Read More →Exeter Finance Corp., a specialty auto finance company, has entered into a $150 million warehouse line of credit with Wells Fargo Bank N.A.
Read More →Lower than expected losses for 2009 U.S. prime auto ABS loans are positioning this vintage for continued positive rating performance as the broader economy slowly improves, according to Fitch Ratings.
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