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NewsNovember 24, 2009

Safe Bet: Prime-Credit Customers Get Growing Share of Loans

A growing percentage of new-car sales are going to prime-credit customers as banks and other financial institutions look for safer bets, according to CNW Market Research.

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NewsNovember 23, 2009

Westlake Financial Unveils New Programs and Features

Westlake Financial Services unveiled several new initiatives as part of its Q4 plan of expanding originations through the end of the year and into 2010.

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NewsNovember 19, 2009

Yamaha Partners With Credit Union Group CUDL

Yamaha Motor Corp. U.S.A. formed a new partnership with CUDL, which will allow Yamaha dealers and customers to secure retail financing on Yamaha’s powersports products through CUDL credit unions.

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NewsNovember 19, 2009

Chase and Jaguar Land Rover Launch Financing Brands

Chase and Jaguar Land Rover North America LLC launched the U.S. private label customer financing brands, Jaguar Financial Group and Land Rover Financial Group.

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NewsNovember 17, 2009

KTM Renews Consumer Financing Program with GE Money

GE Money, the consumer lending unit of General Electric Company, and powersports vehicle manufacturer KTM North America Inc. announced Monday a multi-year extension of their consumer financing agreement, which was originally established in 2002.

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NewsNovember 17, 2009

Carpenter Replaces de Molina at GMAC

Shortly after word spread of Alvaro de Molina’s abrupt departure on Monday, GMAC Financial Services announced that its board of directors selected Michael Carpenter as his successor.

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NewsNovember 13, 2009

Ducati Launches “No Sleep ‘Til Spring” Finance Promotion

Ducati North America launched the “No Sleep ‘Til Spring” finance promotion, which offers zero down, zero interest and zero payments on Ducati motorcycles until April 2010.

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NewsNovember 13, 2009

Arctic Cat Confirms $60 Million Credit Facility

Arctic Cat Inc. finalized a new three-year, $60 million senior secured revolving credit facility with Bank of America.

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ArticlesNovember 12, 2009

AFSA to Dealers: We’re Not Out of the Woods Yet With Proposed CFPA

For the time being, dealers have been exempted from the CFPA’s oversight, but that could change at anytime. And even if dealers are fortunate enough to remain excluded from the final bill, they could still feel the CFPA’s adverse effects. Find out how.

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NewsNovember 10, 2009

GMAC Will Fuel Chrysler’s Comeback

Chrysler Group officials made it clear last Wednesday that securing the financing needs of its dealers will be key to realizing its $500 million, five-year plan. GMAC responded the following day by saying that it’s quickly ramping up efforts to becoming the preferred financing source of Chrysler dealers and customers.

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