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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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F&I Showroom Magazine
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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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.
Read More →Wolters Kluwer Financial Services announced that Gateway One Lending & Finance is now on its AppOne platform, which automates the indirect lending, credit approval and compliance processes for lenders and auto, RV, marine and powersports dealers.
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