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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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Mitsubishi Motors is offering Sam's Club members special APR and lease rates on select new 2009 and 2010 vehicles through its finance arm, Mitsubishi Motors Credit of America.
Read More →According to a recent report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the beginning of 2011, and $7,600 for every Chrysler vehicle sold.
Read More →Software provider DealerTrack Inc. announced Monday that the number of active financing sources connected to the DealerTrack network has reached 800.
Read More →GE Capital’s Commercial Distribution Finance (CDF) division will acquire over $200 million of dealer floorplan financing receivables for the Arctic Cat dealer network in the U.S.
Read More →CUDL, the administrator of a credit union lending network, announced that its AutoSMART Program and Website, www.cudlautosmart.com, was presented with Summit International’s 2009 Marketing Effectiveness Award (MEA).
Read More →Finance Express, a provider of Web-based financial services and technology for independent auto dealerships, said that Gateway One Lending & Finance (GOLF), a lender specializing in prime and near-prime paper, joined the Finance Express platform.
Read More →Consumer credit patterns returned to their status quo in September, with interest rates, loan terms and loan-to-value ratios reverting to their pre-Cash for Clunkers (C4C) levels, according to the Federal Reserve’s monthly report.
Read More →The national 60-day auto delinquency rate rose between the second and third quarters, but analysts for TransUnion.com said the rise was consistent with what’s occurred in 2009. The report also showed that some states are emerging from the recession faster than others.
Read More →A federal jury sided with a Pennsylvania dealer in November when it awarded him $4 million in damages in a lawsuit against GMAC Financial Services, according to the Reading Eagle.
Read More →Despite various negative indicators, U.S. auto ABS delinquency and annualized net losses (ANL) actually improved at a time of the year when performance characteristically begins to deteriorate, according to Fitch Ratings.
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