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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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Polaris Industries Inc. today reported net income of $8.5 million for the first quarter 2009, down from the $19.1 million recorded in the year-ago period. Sales for the first quarter 2009 totaled $312.0 million, a decrease of 20 percent from 2008 first quarter sales of $388.7 million.
Read More →Harley-Davidson Inc. reported decreased revenue and net income for the first quarter of 2009 compared to the year-ago period.
Read More →Despite sales being off by nearly 40 percent from the first three months of last year, credit-application rejections increased 329 percent from the same period last year, according to CNW Research.
Read More →AppOne, a part of Wolters Kluwer Financial Services, announced today that Wachovia Dealer Services, a Wells Fargo Company, has joined the AppOne platform.
Read More →RouteOne LLC announced last Friday it completed integration with DealerCentric, a software provider for auto dealers.
Read More →The average interest rate for new-car loans dropped sharply in February, while the amount financed increased, according to the latest Federal Reserve Statistical Report.
Read More →Westlake Financial Services announces its expansion into the Louisiana market, bringing the number of states it operates in to 36. Contracts for Louisiana will be accepted starting April 20, 2009.
Read More →Dealer consulting and services provider Automotive Banking Solutions has launched a new credit portal designed specifically to connect dealers with financing sources for credit-challenged customers.
Read More →To capture the momentum and excitement of the new 1198 Superbike, Ducati’s early lead in WSBK and its return to American Superbike racing, Ducati North America is launching a new retail finance program for its open class Superbikes in the United States.
Read More →Ford Motor Company announced Monday the completion of debt restructuring initiatives that will reduce its debt by $9.9 billion from $25.8 billion. The move was viewed as a positive step, although ratings agencies believe Ford’s fundamental business risks remain unchanged.
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