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NewsMarch 10, 2009

Amount Financed Increases, Interest Rates Drop, Reports Federal Reserve

The average amount financed on U.S. new-vehicle purchases increased in January 2009, according to the latest Federal Reserve Statistical Release.

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NewsMarch 9, 2009

AmeriCredit Announces Amendment, Extension of Warehouse Credit Facility

AmeriCredit Corp. has announced an amendment and extension of its master warehouse credit facility. The amendment, which was approved by all 10 active lenders in the facility, reduces the size of the facility to $1.11 billion from $2.25 billion, and extends the revolving period to March 2010 from October 2009.

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NewsMarch 4, 2009

Ducati and FreedomRoad Financial Partner to Offer Consumer Financing

Ducati North America and FreedomRoad Financial have struck a new partnership to provide retail financing for the full line of Ducati motorcycles in the United States.

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NewsMarch 4, 2009

XpressCredit Partners With Allied Solutions to Increase Access to Powersports Loan Apps

A new partnership between XpressCredit, a Web-based credit aggregation system, and Allied Solutions, a provider of insurance, lending and marketing products to financial institutions, will bring loan applications from more than 400 powersports dealers to Allied’s more than 3,700 financial institutions.

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NewsMarch 3, 2009

Toyota Financial Services Seeks 200 Billion Yen Loan

Toyota Financial Services Corp., the financial arm of Toyota Motor Corp., has asked the government-backed Japan Bank for International Cooperation for some 200 billion yen in loans to help fund its operations in the United States, according to Kyodo News International.

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NewsMarch 3, 2009

Prestige Financial Acquires New Line of Credit With Wells Fargo

Prestige Financial Services Inc., an affiliate of the Larry H. Miller Group of Companies, has established a three-year senior secured revolving line of credit with Wells Fargo Preferred Capital (WFPC).

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ArticlesCover Storyby Gregory ArroyoMarch 1, 2009

Future Hinges on Credit Availability

Dealers and industry executives address questions about the future of the auto industry and the U.S. economy at the 2009 NADA Convention and Expo.

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Articlesby Kristen ForceMarch 1, 2009

Staying in Control

There are reasons why The Suburban Collection, the 14th largest dealer group in the nation, has achieved 60 years in the business. Learn how the dealer group has maintained its success.

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Articlesby Gregory ArroyoFebruary 28, 2009

DealerTrack Opens Up About Market Challenges

Much has been made of how credit unions and regional banks have picked up the slack for dealers. This month the magazine finds out just how much from DealerTrack’s Rick Von Pusch. The software provider’s senior vice president of sales, marketing and international also opens up about how today’s economic crisis impacts the world of F&I.

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NewsFebruary 27, 2009

AFG Campaign Promotes Finance Product for Credit Unions

Auto Financial Group (AFG), a source of residual-based finance products for credit unions, has launched the “Good News” campaign to promote Driving Sense, an online-based auto financing software for credit unions.

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