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In the second quarter, finance sources continued their drive down into the high-risk credit tiers and consumers continued to pay on time. But the magazine’s resident finance insider wonders how long those trends can continue in this month’s review of quarterly auto finance trends.
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Lithia Motors Inc.’s new $200 million three-year revolving syndicated credit facility will provide $100 million for new-vehicle floorplan financing and $100 million for general corporate purposes.
Read More →First-half credit growth outpaced the first half of 2010 by $43 billion, with the automotive segment being one of the key drivers, according to Equifax’s National Credit Trends Report.
Read More →Data from the S&P/Experian Consumer Credit Default Indices indicated that the auto loan default rate inched up from July to August.
Read More →Wolters Kluwer Financial Services announced that MB Financial Bank is expanding its use of the AppOne Platform to help with its expansion into personal watercraft and powersports markets.
Read More →National Credit Center (NCC) has partnered with Twin Cities Automotive LLC to provide the Minnesota-based auto group with credit reporting services and credit compliance solutions.
Read More →The Associated Press reported today that a Swedish court rejected Saab’s application for credit protection, the latest setback for the cash-strapped carmaker.
Read More →Navy Federal Credit Union announced that it has lowered its 36-month new auto loan rate to an APR as low as 1.79 percent. It plans to maintain this rate, along with its 1.99 percent new auto rate for loans of up to 60 months.
Read More →The specialty consumer finance company announced that it has increased its credit line to $150 million to help continue its expansion strategy over the next few years.
Read More →Results from a poll conducted by the National Foundation for Credit Counseling (NFCC) revealed that 89 percent of consumers prefer to pay down debt than increase their savings.
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