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CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.
Read More →World Omni Financial Corp./CenterOne Financial Services LLC has maintained its strong ranking since 2004, making it the only consumer finance, automobile loan and lease servicer in the nation to achieve this distinction.
Read More →The below-prime finance source also announces the completion of a new $100 million senior lending facility with Barclays Bank PLC, and plans to open a Western regional office in Phoenix, Ariz.
Read More →DriveTime’s vehicle financing portfolio is expected to be purchased by Santander Consumer USA, while third-party investors are looking to purchase the buy-here, pay-here group’s operations and facilities.
Read More →World Omni Financial Corp/CenterOne Financial Services keeps its strong rating with Standard & Poor’s for the eighth year.
Read More →Auto loans were the only credit segment to experience a decrease in defaults in September, falling to 1.29 percent from August’s 1.31 percent, according to the S&P/Experian Consumer Credit Default Indices.
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 →Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.
Read More →The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?
Read More →The head of at least one key financial services association doesn’t expect the auto finance segment to be severely impacted by the downgrade of U.S. debt, but the impact on consumer confidence remains a question.
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