Just in time for Christmas: Santa Delivers Special "Sleigh" to Forgotten Harvest
Dec 24, 2015
New refrigerated truck will help deliver holiday meals FARMINGTON HILLS, Mich., Dec. 22, 2015 -- Just in time for the holidays, Santa joined Mercedes-Benz Financial Services today to make a special delivery of a new 2016 Freightliner (Class 6) refrigerated truck to Forgotten Harvest at its Oak Park (Mich.) headquarters ... Continue reading
GE to Sell Shares in Hyundai Capital Services to Hyundai Motor Company and Kia Motors
Dec 22, 2015
GE (NYSE: GE) announced today that it has signed an agreement to sell a 23.3% stake of Hyundai Capital Services (HCS) to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3% ownership in HCS over the following months. Hyundai Capital is an 11 year old joint venture between Hyundai Mot ... Continue reading
Equifax Helps Set New Industry Standard for Automotive Dealer Application and Credentialing
Dec 14, 2015
Automotive dealers can now apply and be approved for access to Equifax consumer insights data in a matter of hours thanks to a new, streamlined onboarding platform. Leveraging technologies from DocuSign and Salesforce.com, along with its own proprietary technology and process innovation, Equifax has helped transform de ... Continue reading
New Vehicle Registrations Top 17 Million for First Time Since 2006
Dec 14, 2015
Experian Automotive today announced that new vehicle registration volumes for light-duty vehicles reached the highest point in the past nine years. During the rolling year from Nov. 1, 2014, through Oct. 31, 2015, there were more than 17 million new vehicles registered within the United States â a metric that hasn ... Continue reading
LightStream Drives Consumer Education for End-of-Year Auto Buyers
Dec 7, 2015
LightStream, a national online lending division of SunTrust Bank, today offers must-have information for end-of-year car buyers with help from Kelley Blue Book. According to experts from Kelley Blue Book car sales are expected to surpass levels last seen in 2000, revving up momentum through the end of the year. As 2015 ... Continue reading
Ford Announces Senior Leadership Team Changes
Dec 2, 2015
Ford Motor Company today is announcing a series of changes in its senior leadership team as it continues to deliver the companys One Ford plan for profitable growth. John Fleming, executive vice president, Manufacturing and Labor Affairs, has elected to retire after more than 48 years at Ford. Throughout his career a ... Continue reading
Consumers Look to Keep Monthly Payments Affordable as Leasing Reaches a Record High
Dec 2, 2015
Captives see largest share of new vehicle financing since the recession SCHAUMBURG, IL -- December 2, 2015: Experian Automotive today announced that consumers continue to lease vehicles at a record pace. According to the Q3 2015 State of the Automotive Finance Market report, leasing accounted for nearly 27 percent of a ... Continue reading
Horst Meima Named President and CEO Of VW Credit
Dec 1, 2015
Volkswagen Group of America, Inc., today announced that Horst Meima, 47, has been named President and CEO of VW Credit, Inc. (VCI), effective January 1, 2016. In this role, Meima will oversee all functions of VW Credit, Inc., the captive finance company which services Volkswagen, Audi and Ducati customers, authorized a ... Continue reading
Nov 19, 2015
Lincoln Automotive Financial Services Ranks Highest in the Luxury Segment; Ford Credit Ranks Highest in the Mass Market Segment WESTLAKE VILLAGE, Calif., Nov. 19, 2015 -- Automotive finance providers need to focus their efforts on servicing processes, anticipating the changing needs as well as the diversity of their cu ... Continue reading
Nov 17, 2015
Panel of independent experts recognized Toyota for its use of FICO optimization solutions to help more than 6,000 customers avoid repossession and stay in their cars, and prevent 50,000 customers from reaching a stage of delinquency that would affect their credit. Toyota Financial Services provides auto financing to ov ... Continue reading
GM Financial Reports September Quarter 2015 Operating Results
Oct 22, 2015
GENERAL MOTORS FINANCIAL COMPANY, INC. (âGM Financialâ or the âCompanyâ) announced net income of $179 million for the quarter ended September 30, 2015, compared to $158 million for the quarter ended September 30, 2014. Earnings for the nine months ended September 30, 2015 were $515 million, compared ... Continue reading
Auto Lab Car Call In Show Live From NY - October 17, 2015
Oct 16, 2015
auto repair live call in show, honda hrv review ... Continue reading
Savings And Safety Top Of Mind As Americans Prepare For Home And Auto Purchases This Fall
Oct 13, 2015
New survey also shows new home and auto owners not always following through on safety measures BOSTON -- Oct. 13, 2015: Similar to the spring, the fall season marks an active time for home and auto sales, but what are Americans most concerned about when they make that big purchase? Money and safety top the list of pain ... Continue reading
Oct 13, 2015
New site inspired by Junior Achievement national survey finding teens lack basic "nuts and bolts" knowledge of auto finance and insurance COLORADO SPRINGS, Colo., Oct. 13, 2015 -- A new national survey finding that teen drivers lack basic knowledge of automobile finance and total vehicle ownership costs has sparked Jun ... Continue reading
Gap Between New and Used Car Payments Widens to All-Time High
Aug 27, 2015
Rise in new vehicle prices leads more consumers to buy used, extend terms or lease Experian Automotive today announced that the difference between the average monthly payments for new and used vehicles reached its highest level on record. According to the latest State of the Automotive Finance Market report, the averag ... Continue reading
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