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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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An influx of new, independent dealerships could help used-car sales reach four million units in 2009, according to CNW Research.
Read More →Auto loan approvals improved in July for the prime and near prime markets, but shoppers in the subprime market continued their struggle to get approvals by conventional means, according to CNW Research.
Read More →Easy Car Financial Inc., a subprime auto finance company concentrating in the North Florida market, is seeking to raise $30 million in investment capital to use as a line of credit to provide subprime auto financing.
Read More →Fitch Ratings lowered the ratings for Harley-Davidson and its financial arm, Harley-Davidson Financial Services (HDFS), on Friday after the motorcycle manufacturer announced a decline in revenue and income for the second quarter 2009.
Read More →Harley-Davidson Inc. reported decreased net income and revenue for the second quarter of 2009 compared to the year-ago period. Net income dropped from $222.8 million in the year-ago quarter to $19.8 million, while revenue fell from $1.57 million in the year-ago period to $1.15 billion.
Read More →Polaris Industries Inc. today reported net income of $17.5 million for the second quarter ended June 30, 2009, down from the $24.4 million reported in the year-ago period.
Read More →Propped up by its investment banking division, JP Morgan Chase & Co.’s second-quarter profit in 2009 surpassed its own expectations. However, auto loan originations dipped from both the prior year and prior quarter.
Read More →Ducati and FreedomRoad Financial have launched Forza Ducati, a new retail financing program for the entire range of Ducati models. In addition, the motorcycle manufacturer is offering trade-in allowances and a one-year service program to eligible customers.
Read More →Tesla Motors announced that Bank of America will offer financing for the all-electric Tesla Roadster to consumers in the United States.
Read More →Chrysler Financial announced July 15 it has repaid in full the $1.5 billion of Troubled Asset Relief Program (TARP) government loans.
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