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Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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SEARCHMENUSEARCHScott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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An international group of dealers, experts and operators gathered in Las Vegas on May 11-13, 2010, to hear nationally recognized speakers and to interact during a three-day educational conference exclusively for buy-here, pay here-dealers.
Read More →Despite the Pentagon's and two lender associations’ opposition to the Brownback amendment, the National Automobile Dealers Association continued its campaign to build support for the amendment that would exempt dealers from the authority of the financial reform bill, S. 3217.
Read More →Auto loan approvals continued to pick up in April, the same month pent-up demand reached its highest level since the third quarter 2008, according to CNW Research.
Read More →Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.
Read More →The purchase and financing of an average-priced new vehicle took 23.4 weeks of median family income in the first quarter of 2010, according to Comerica Bank's Auto Affordability Index.
Read More →Ally Financial Inc. (Ally) today announced that Barbara Yastine was appointed to the newly created role of chief administrative officer, effective immediately. She replaces Samuel Ramsey, chief risk officer, who elected to leave the company for personal reasons, but will remain with Ally until May 31, 2010.
Read More →With its strategy to plug up its leaking mortgage unit taking hold, GMAC Financial Services swung to its first profitable quarter since the fourth quarter of 2008. The company also announced its intention to change its name on May 10, with company officials saying the focus going forward will center on the lender’s auto franchise.
Read More →Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.
Read More →Finance company Exeter Finance Corp. secured a $100 million line of credit with Wells Fargo Bank N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio and enable expansion of its branch network this year.
Read More →Saying economic conditions have reached the optimal period for new loan originations, Dan Berce told investors and media outlets that AmeriCredit increased originations during the March quarter by $245 million.
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