MENU
SEARCH
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.
Read More →
Unitrin Inc. has announced plans to shelve Fireside Bank, the company's subprime auto finance unit. Fireside will cease originations immediately and collect and service its existing portfolio in-house.
Read More →Personal bankruptcies continue to increase in quantity in 2009, according to the American Bankruptcy Institute, but dealers are still able to get quality loans on fresh bankruptcy deals.
Read More →Automotive loans 60 days past due rose by nearly 17 percent from the fourth quarter 2007 to the fourth quarter 2008, according Experian Automotive.
Read More →The recovery of used auction prices across several vehicle segments, especially trucks and SUVs, is a positive development for auto ABS, said the international ratings agency DBRS.
Read More →Pete Turek wasn’t surprised by his company’s report on fourth-quarter 2008 delinquency rates, which showed year-over-year increases. In fact, the senior executive at TransUnion said the numbers are becoming more predictable.
Read More →Automotive Finance Consumer Division LLC (AFCD) and Nowcom Corp. announced today they will complete integration of their dealer management system, Dealer Desktop, by the beginning of the second quarter 2009. As a result, dealers will have access to new lender opportunities on the XpressCredit lending platform through Dealer Desktop.
Read More →AppOne, a part of Wolters Kluwer Financial Services, and Tracker Marine Financial Services LLC (TMFS), an affiliate of Bass Pro Shops and Tracker Marine Group, announced today that the AppOne platform will be used to automate the finance process for TMFS and its dealers.
Read More →Experian Automotive’s AutoCount has ranked the top auto finance lenders for 2008, listing Toyota Financial Services at the No. 1 spot and revealing that GMAC, Ford Motor Credit and Chrysler Financial Services lost significant market share in a watershed year for the U.S. automotive industry.
Read More →Triad Financial and Innovate Auto Solutions have partnered to promote Triad’s vehicle loan servicing to finance companies, auto dealers, investors, credit unions and other potential clients.
Read More →During the fourth quarter of 2008, owners and managers of small automotive and other vehicle dealerships indicated that economic conditions are currently having the greatest impact on their businesses, but look forward to an improved economy in the next 12 months, according to a survey conducted by the Small Business Research Board (SBRB).
Read More →
