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Delinquencies in the fourth quarter 2012 experience their first year-over-year increase since 2009, but they still remain below precession levels, Experian Automotive reports.
Read More →Chase, Wells Fargo and Huntington Bank report expanded auto lending in the fourth quarter 2012 vs. the same quarter in 2011.
Read More →Facebook is the platform for Shastic’s new AutoCalcubot, which turns the social network into a site for financial institutions to generate new auto loans.
Read More →Despite a quarterly drop in originations, Capital One grew its auto finance business by $1.2 billion in the third quarter.
Read More →Auto was the only loan type to show an increase in its default rate, but officials with the S&P/Experian Consumer Credit Default Indices don’t seem concerned.
Read More →The bank was active in the third quarter, increasing its core loan portfolio by $11.9 billion. Officials attributed the bank's record performance to improving credit quality.
Read More →Fitch said a majority of 'AAAsf' rated U.S. Prime Auto Loan ABS would be able to withstand a recession and serious declines in used-vehicle values.
Read More →Results of a survey conducted by CarFinance.com shows that consumers hate new-car negotiations the most. As for the F&I process, getting the lowest possible interest rate is most important.
Read More →U.S. banks are responding to increased demand for credit by relaxing guidelines on car loans and credit cards, the Federal Reserve reports.
Read More →For military personnel and their families, Navy Federal Credit Union offers low rates for auto loans.
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