MENU
SEARCH
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.
Read More →
Fueled by double-digit revenue growth in seven of its business segments, including auto financing, Wells Fargo & Co. reported its third straight quarter of record earnings last week despite mounting loan losses and decreases in its mortgage originations.
Read More →Chrysler Financial, the former captive lender of Chrysler LLC, will liquidate and cease business in Dec. 31, 2011, according to a letter from the U.S. Treasury Department.
Read More →AmeriCredit Corp. reported net income of $26 million for its fiscal first quarter, a higher profit than analysts predicted and an improvement from a net loss of $5 million in the year-ago period.
Read More →Security National Automotive Acceptance Corporation (SNAAC) hired Ben Hensley as director of business development. He will lead the newly formed business development group, which is part of the SNAAC sales and marketing department.
Read More →Chase Auto Finance named industry veteran Cesar Martinez as manager of its custom finance business center in San Diego, which serves the subprime financing needs of the area’s auto dealers and their customers.
Read More →GE Capital’s Commercial Distribution Finance is now the exclusive provider of floorplan financing for Arctic Cat Inc.’s United States dealers.
Read More →After months of improvement, the share of auto loans being approved has begun to backslide, according to CNW Marketing Research.
Read More →Harley-Davidson Inc. reported an 84.1 percent decline in net income in the third quarter, compared to the year-ago period, which reflected lower motorcycle shipments and the effects of the economy on retail and wholesale loan performance at Harley-Davidson Financial Services (HDFS).
Read More →Driven mainly by its investment banking division, which offset losses on credit cards and consumer loans, JP Morgan Chase reported strong earnings for the third quarter 2009. As for its auto finance segment, originations were up 82 percent.
Read More →The resurgence of the United States wholesale vehicle market in 2009 has reversed the trend of heavy residual value (RV) losses on leased vehicles in late 2008, and steadied the performance of U.S. auto lease ABS transactions, according to Fitch Ratings.
Read More →
