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Norman & Company Inc., a provider of aftermarket products for automotive, powersports, marine and RV dealerships, has launched Classic Commercial GAP, a program designed to serve fleet and lease departments.
Read More →General Motors Financial Company Inc. announced on March 31 a definitive agreement to acquire FinanciaLinx Corporation.
Read More →An increase in floor traffic and a strong closing ratio indicate that new-vehicle sales in March will improve 11 percent from the year-ago period, according to CNW’s Retail Automotive Summary.
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Automotive leasing represented nearly 19 percent of overall vehicle transactions last year, according to Polk. This represents a 5.8 percentage point increase over 2009 leasing penetration rates.
Read More →GM Financial’s rollout of a prime leasing program in 16 states may seem to indicate that the company formerly known as AmeriCredit is leaving its roots behind. Company officials, however, maintain that the former subprime finance company is merely sticking with the game plan General Motors set forth when it purchased the company last October: fill the finance gaps.
Read More →New-vehicle sales are off to a strong start in February because of better floor traffic and closing ratios, as well as a looser credit market, according to CNW’s Retail Automotive Summary.
Read More →Strong November sales and an increase in consumer demand has the industry poised for another healthy sales month in December, CNW Research’s Art Spinella predicted in his monthly “State of the Industry” report.
Read More →Wolters Kluwer Financial Services is now offering captive finance companies, lenders and auto dealerships universal closed-end motor vehicle lease agreements for all 50 states.
Read More →To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.
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As the economy continues to improve, more vehicle manufacturers are restarting their subvented leasing program. In the first quarter, the reintroduction of these programs led to an influx of lessees and a significant decline in FICO scores, according to CNW Research.
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