MENU
SEARCH
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.
Read More →
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improvement from the $4.4 billion net loss the industry posted in the second quarter of 2009.
Read More →Automotive loan delinquencies dropped during the second quarter this year, marking the second consecutive quarter with a year-over-year decrease in quarterly delinquencies, according to Experian Automotive.
Read More →The national 60-day auto delinquency rate fell 19.7 percent between the first and second quarters of 2010 to 0.53 percent, according to a TransUnion quarterly analysis of auto finance trends.
Read More →Monthly default rates for auto loans and second mortgages have increased through July, while rates decreased for first mortgages and bank car loans, according to new data released today by Standard & Poor’s and Experian.
Read More →The recession’s effects on the industry last year wasn’t lost on F&I, according to the National Automobile Dealers Association’s DATA report, which showed declines in aftermarket income, F&I and service-contract acceptance rates.
Read More →Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has increased its revolving credit facility from $240 million for one year to $365 million for three years to Westlake Financial Services.
Read More →Capital One Auto Finance increased originations by more than 31 percent from the first quarter of 2010, according to the company’s second-quarter financial report. Total originations now account for more than $1.8 billion in loans for the full-spectrum lender.
Read More →
The purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the second quarter of 2010, according to Comerica Bank’s Auto Affordability Index.
Read More →Mercedes-Benz Financial (MBF) promoted Horacio Trujillo to be the head of remarketing, effective Sept.1.
Read More →DealerTrack Inc., a subsidiary of DealerTrack Holdings Inc., a software provider for the U.S. automotive retail industry, announced that the number of active financing sources connected to the DealerTrack network has reached 900.
Read More →
