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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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To help industry executives anticipate and deal with changes in the vehicle finance marketplace, the American Financial Services Association’s (AFSA) said its 15th Annual Vehicle Finance Conference and Exposition will focus on evolving with the changing market.
Read More →Wolters Kluwer Financial Services is now offering captive finance companies, lenders and auto dealerships universal closed-end motor vehicle lease agreements for all 50 states.
Read More →Consumer credit increased at an annual rate of 1.1 percent, or $2.1 billion, in September, according to the Federal Reserve’s monthly report.
Read More →Huntington is expanding its auto dealer financing business into five New England states: Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Read More →Fitch Ratings has upgraded the long-term issuer default rating (IDR) of General Motors Financial Company Inc. (GMF, f/k/a AmeriCredit Corp.) to 'BB-' from 'B+' . The upgrade was based on the company's relationship with General Motors Company (GM), which was recently assigned an IDR of 'BB-' by Fitch.
Read More →VINtek, a provider of auto finance services and solutions for lenders, has expanded its direct-to-consumer automotive lending platform to include services for a wide range of lending institutions, from subprime to superprime auto financers.
Read More →When it comes to leasing, not all agreements and programs are alike, so make sure you’re not trying to fit a square peg into a round hole.
Read More →Open Dealer Exchange LLC has partnered with Irving, Texas-based Exeter Finance Corp., a specialty auto finance company, allowing credit application integration directly within the dealership management system (DMS).
Read More →Despite not having a sales boost from last year’s Cash for Clunkers, three of the largest dealer groups in the nation reported year-over-year increases in third-quarter revenues.
Read More →Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.
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