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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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GM Certified Used Vehicles announced that GMAC Financial Services is offering well-qualified buyers nationwide APR financing as low as 1.9 percent on the Chevy Impala and Pontiac G6.
Read More →Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.
Read More →VINtek, a provider of auto finance services and solutions for lenders, today announced that Fran Herz, formerly of GMAC, has joined VINtek as operations manager.
Read More →Safe-Guard Products International LLC announced Thursday that it named Orlando J. Zayas as president of the company. Company founder Douglas A. Duncan will remain as chairman and chief executive officer.
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Mercedes-Benz Financial is now taking its mobile strategy to the showroom floor by putting the Apple iPad into the hands of its dealers and giving them mobile access to its proprietary point-of-sale dealer system called MB Advantage.
Read More →Fitch Ratings upgraded the long-term issuer default rating (IDR) of AmeriCredit Corp. to 'B+' from 'B-' and the senior debt rating to 'BB-/RR3' from 'B/RR3'. The rating outlook is stable. Approximately $532.6 million of debt, at par, is affected by this action.
Read More →A new study released by izmocars, a provider of automotive business solutions, revealed that timing and rich presentations make all the difference when it comes to selling accessories to new-vehicle buyers.
Read More →Chase Auto Finance opened a new Custom Finance office in Pittsburgh to meet the subprime financing needs of auto dealers in western Pennsylvania.
Read More →ADESA’s chief economist reported that the steady growth of wholesale used-vehicle values slowed in April but may have already begun to push car buyers toward new-vehicle purchases.
Read More →Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, has added extended terms to its DrivingSense program.
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