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News By Topic: Credit Bureaus (Chrysler Credit, GMAC, etc.)

Equifax Refutes 'Auto Bubble,' Cites Improvement in Credit Scores after a Subprime Auto Loan Origination

Equifax Refutes 'Auto Bubble,' Cites Improvement in Credit Scores after a Subprime Auto Loan Origination

New analysis by Equifax Economists shows the median consumer credit score increased by 52 ATLANTA, Feb. 18, 2015 -- Equifax Inc. , a global information solutions company, today released its latest Economic Trends Commentary, "Subprime Auto Loans: A Second Chance at Economic Opportunity," which examines two groups of co ... Continue reading

Hyundai Capital America Signs Lease For New Co-Headquarters In Newport Beach, CA

Hyundai Capital America Signs Lease For New Co-Headquarters In Newport Beach, CA

IRVINE, Calif., Feb. 2, 2015 -- Hyundai Capital America (HCA), a top-10 U.S. auto finance company that does business as "Hyundai Motor Finance" and "Kia Motors Finance," is pleased to announce it has signed a lease for 177,000-square-feet of space at 4000 MacArthur Blvd. in Newport Beach, CA. Cushman & Wakefield's Don ... Continue reading

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion

Ford Motor Credit Company reported a pre-tax profit of $1.9 billion in 2014, its highest since 2011, up from $1.8 billion a year earlier. The improvement is more than explained by higher volume, partially offset by unfavorable lease residual performance in North America and lower financing margin. Ford Credit’s ne ... Continue reading

Ally and TIME Announce 2015 TIME Dealer of the Year

Ally and TIME Announce 2015 TIME Dealer of the Year

Ally Financial and TIME are pleased to announce that Andy Crews of AutoFair Honda in Manchester, N.H. has been selected as the 2015 TIME Dealer of the Year. Crews was selected from an elite group of 55 U.S. dealers who were recognized at the 98th annual National Automobile Dealers Association (NADA) Convention & Expo i ... Continue reading

Equifax Announces New Automotive Technology Platform at NADA Convention

Equifax Announces New Automotive Technology Platform at NADA Convention

AutoConnect platform from Equifax allows partners to seamlessly deliver auto-specific solutions in real-time to its customers SAN FRANCISCO -- Jan. 22, 2015: Equifax Inc., a global information solutions company, unveiled today at the National Automobile Dealers Association (NADA) Convention and Expo 2015 its automotive ... Continue reading

Equifax Reports Auto Loan Balances Near $1 Trillion, 2015 Starting Out in the Fast Lane

Equifax Reports Auto Loan Balances Near $1 Trillion, 2015 Starting Out in the Fast Lane

SAN FRANCISCO -- Jan. 20, 2015: According to the latest Equifax, Inc. National Consumer Credit Trends Report released today at the AFSA Vehicle Finance Conference and Exposition, the total balance of auto loans in December 2014 is $975 billion, representing 33.2% of total outstanding non-mortgage consumer debt. The tot ... Continue reading

Toyota Financial Services Honors Martin Luther King, Jr. Legacy with Donations to Historically Black Colleges and Universities

Toyota Financial Services Honors Martin Luther King, Jr. Legacy with Donations to Historically Black Colleges and Universities

Contributions designated to further boost college retention and graduation rates, seen as key to ensuring the fulfillment of Dr. King’s dream for America January 16, 2015 TORRANCE, CA -- Jan. 16, 2015: In honor of the life and vision of Dr. Martin Luther King, Jr., Toyota Financial Services (TFS) announced today t ... Continue reading

New PenFed Service Provides Members with Auto Loan Term "Reset Button" That Puts Them in the Driver's Seat

New PenFed Service Provides Members with Auto Loan Term "Reset Button" That Puts Them in the Driver's Seat

PenFed's New Rate Reset Partnership Can Lower Monthly Auto Loan Payments. Through Pentagon Federal Credit Union's (PenFed) new partnership with Rate Reset, eligible members can now extend their current car loan terms up to 24 months. When a member chooses a new term, PenFed will reset the member's rate to that which is ... Continue reading

RateWatch: Personal Auto Rates +2.1%

RateWatch: Personal Auto Rates +2.1%

Personal auto insurance companies increased their rates by an average of 2.1% countrywide over the 12 month period from 4th Quarter 2013 through 3rd Quarter 2014. Homeowner insurers increased their rates by an average of 3.5% countrywide over the same period. The 3 states with the highest overall auto insurance increas ... Continue reading

Triple victory: Daimler Financial Services Offers Best Auto Financial Services in China

Triple victory: Daimler Financial Services Offers Best Auto Financial Services in China

Triple title awarded by financial magazine Moneyweek Number of concluded contracts as of November has doubled Maximum flexibility for Chinese automobile customers BEIJING/GUANGZHOU – December 19, 2014: For Daimler Financial Services in China, 2014 has been a record-setting year. The company concluded more than twi ... Continue reading

November's New-Car Buyers Spent an Extra $1.4 Billion with Long-Term Loans

November's New-Car Buyers Spent an Extra $1.4 Billion with Long-Term Loans

Requisite Press, LLC reported today a November 2014 Auto Buyer's Affordability Index (ABAI) of 53.0, indicating that a prudent, median-income household can only afford 53.0 percent of the new-car average price. In a survey of new-car buyers that have used long-term financing, Requisite Press found that nearly half of t ... Continue reading

Don't Become Car Poor When Buying a New Car or Truck

Don't Become Car Poor When Buying a New Car or Truck

November's New-Car Buyers Spent an Extra $1.4 Billion with Long-Term Loans, According to Requisite Press Study LOS ANGELES, Dec. 10, 2014; Requisite Press, LLC reported today a November 2014 Auto Buyer's Affordability Index (ABAI) of 53.0, indicating that a prudent, median-income household can only afford 53.0 percent ... Continue reading

Loan Amounts for New and Used Vehicles Reach Record Highs

Loan Amounts for New and Used Vehicles Reach Record Highs

Experian Automotive today announced that the average dollar amount for both new and used vehicle loans reached all-time highs in the third quarter of 2014. According to its latest State of the Automotive Finance Market report, the average loan amount for a new vehicle was $27,799 in Q3 2014, up $1,080 from the previous ... Continue reading

Experian Automotive: 30- and 60-Day Delinquency Rates Increase

Experian Automotive: 30- and 60-Day Delinquency Rates Increase

Experian Automotive today announced that 30- and 60-day automotive-loan delinquencies were up in the third quarter of 2014. According to its latest State of the Automotive Finance Market report, 30-day delinquencies grew 3.7 percent from the previous year. Similarly, 60-day delinquencies jumped 8.6 percent during the s ... Continue reading

California Law Puts Electric Cars in Reach of Working Families

California Law Puts Electric Cars in Reach of Working Families

California law is gearing up to create new, cleaner transportation choices for working families. SB 1275, known as the Charge Ahead Initiative <http://www.chargeahead.org/sb-1275/> and signed into law in September by Gov. Jerry Brown, aims to put one million electric cars, trucks and buses onto California roads. ââ ... Continue reading

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