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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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Navigator Acceptance, a division of Navigator Holdings LLC, has released a fourth-quarter loan portfolio offering worth $3.2 million.
Read More →The national auto loan delinquency rate will increase approximately 7 percent at the end of 2010 to 0.92 percent, up from an expected 0.86 percent at the conclusion of 2009, according to TransUnion’s annual auto loan forecast.
Read More →Prestige Financial Services Inc. completed its seventh rated term securitization, issuing $140.5 million in notes backed by $151.1 million in subprime automobile installment loans.
Read More →Automobile Consumer Services Inc. (ACS) launched a new lending platform aimed at giving auto dealers access to financing and leasing sources.
Read More →Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.
Read More →Autobytel Inc., a provider of online consumer leads and marketing services to the auto industry, announced Monday that its vehicle price quote and dealer selector platform will power LendingTreeAutos.com, the recently launched car-buying portal of LendingTree LLC.
Read More →Saying the recovery of the financial system remains incomplete, Treasury Secretary Timothy Geithner extended the government’s $700 billion Troubled Asset Relief Program (TARP) to October 2010, but promised to pledge no more than $550 billion.
Read More →The National Automobile Dealers Association (NADA) is mobilizing a nationwide grassroots effort today to oppose Rep. Mel Watt (D-N.C.)’s amendment to eliminate an exemption for auto dealers from the soon-to-be created Consumer Financial Protection Agency (CFPA).
Read More →Despite continued economic struggles, the automotive lending industry in the U.S. showed signs of stabilization during the third quarter 2009, according to a quarterly analysis of automotive credit by Experian Automotive.
Read More →A House committee has incorporated the Consumer Financial Protection Agency (CFPA) into a larger financial reforms package, called the Wall Street Reform and Consumer Protection Act.
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