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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 first 100 days of President Barack Obama’s administration have been marked by much pressure to address the financial crisis, help the U.S. economy, and establish regulatory reform. Wolters Kluwer Financial Services’ compliance experts agree that development alone has already changed the mood within the financial services industry.
Read More →The hard hit economy affected U.S. sales of new motorcycles in the first quarter of 2009, according to the Motorcycle Industry Council. Sales were down a total of 30.5 percent, compared to the same period last year, among 12 of the leading brands.
Read More →The auto finance industry struggled through the first quarter of this year, but several companies reported lower losses compared to the fourth quarter 2008.
Read More →American Honda Finance Corp. (AHFC) launched Acura-branded financial services to better satisfy the needs of Acura dealers and customers.
Read More →LeaseCompare.com, a provider of online direct-to-consumer auto leasing and financing, launched a program to keep customers in their vehicles if they lose their job.
Read More →VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, processed a record number of lien applications in the first quarter 2009.
Read More →ACS Financial (ACS) and XpressCredit agreed to allow seamless export of credit applications from ACS to its finance sources on RouteOne.
Read More →While Americans say they understand financial basics and monitoring budgets, they may not be doing enough to save or protect their financial future, according to a survey of America’s “financial IQ” by Capital One Financial Corporation.
Read More →BMW Group Financial Services of North America said last Friday that up2drive.com, its auto financing Website, was selected by Kelley Blue Book as its exclusive online lender for the kbb.com Website.
Read More →Sparta Commercial Services Inc., a nationwide financial services company serving the powersports industry, said it continues to see a steady increase in the size of its dealer network.
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