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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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The automotive finance industry experienced a drop in the 60-day auto delinquency rate in the first quarter 2009, reflecting a seasonal pattern rather than a reversal of the trends associated with the current lending environment, according to TransUnion’s quarterly report on auto lending trends.
Read More →XpressCredit has formed a new lender relationship with Pinnacle Financial Group of Bethesda, Md.
Read More →Harley-Davidson Inc. has named Lawrence G. Hund president and chief operating officer of Harley-Davidson Financial Services Inc. (HDFS), effective June 29.
Read More →The average interest rate for new-car loans rose slightly in April, while the amount financed increased, according to the latest Federal Reserve Statistical Report.
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Ducati North America launched the “Full Factory Support” service campaign, where the first year of service is included free of charge with the purchase of a new Ducati.
Read More →GMAC Financial Services announced last Friday that it has priced an offering for $4.5 billion of debt guaranteed by the Federal Deposit Insurance Corporation (FDIC), pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP).
Read More →Chrysler LLC launched last Tuesday incentives for buyers of new Dodge, Chrysler and Jeep vehicles through its new lender, GMAC Financial Services.
Read More →Piaggio Group Americas Inc. offers consumers the risk-free 12 Month Test Ride, a program that offers qualified buyers the opportunity to purchase select Piaggio, Aprilia and Vespa scooters without a long-term commitment.
Read More →General Motors Corp. said Monday that it received U.S. bankruptcy court approval to continue honoring all vehicle warranty programs and dealer incentive plans, as well as access to approximately $15 billion of a credit facility provided by the U.S. Treasury, and the Canadian and Ontario governments.
Read More →On the heels of General Motor’s Chapter 11 bankruptcy filing on Monday, GMAC Financial Services issued a statement saying it is taking the appropriate steps to protect its interests during the troubled automaker’s restructuring.
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