Daimler Financial Services Expects 2014 to Become the Best Year in the Company's History
Nov 14, 2014
- Record number of 3.3 million financed or leased vehicles - EBIT grew by 14 percent to nearly â¬1.1 billion through September - Revenues from mobility services will reach ⬠100 million in 2014 STUTTGART, GERMANY -- November 13, 2014: Daimler Financial Services is on track to set new records in 2014. The compa ... Continue reading
Will Many Drivers Exercise Tesla's 3-Month Lease Exchange?
Nov 13, 2014
"when" drivers look to escape luxury leases in Tesla's price range. Most Tesla Lease Exchanges Will Happen In First 4-8 Months Under Tesla's new program, lessees have the option to return their Model S within the first three months if they are unsatisfied. Scot Hall from Swapalease.com believes many will take advantage ... Continue reading
Toyota Financial Services Leads the Industry, Accelerating a Simpler Auto Financing Experience
Nov 12, 2014
With one-millionth eContract signed, the days of paper contracts could be numbered TORRANCE, CA -- Nov. 10, 2014: Toyota Financial Services (TFS) recently celebrated its one-millionth eContract, an accomplishment that demonstrates the success of this pioneering auto financing process. In January 2013, TFS introduced an ... Continue reading
Daimler Financial Services is One of world's 25 Best Employers
Oct 27, 2014
Great Place to Work Institute names Daimler Financial Services one of the 25 World's Best Multinational Workplaces of 2014 - Nine of ten employees rate the company as a "great place to work" in an independent survey FARMINGTON HILLS, Mich., Oct. 23, 2014 -- It's a great day for the more than 8,000 employees worldwide o ... Continue reading
Oct 24, 2014
Joining Hackett at the 7th annual Innovate conference, hosted by AutoStar Solutions, a panel of auto industry attorneys and regulators reveal five secrets to minimize regulatory headaches. FORT WORTH, TX -- Oct. 24, 2014: Rick Hackett, former Consumer Financial Protection Bureau assistant director focusing on auto lend ... Continue reading
Ally Financial Honors 2015 TIME Dealer of the Year Nominees
Oct 23, 2014
Ally Financial is pleased to announce that 55 U.S. auto dealers have been selected as nominees for the 2015 TIME Dealer of the Year award. Now in its 46th year, this prestigious and highly coveted honor recognizes the nation's most successful auto dealers who also demonstrate a long-standing commitment to community ser ... Continue reading
GM Financial Reports September Quarter 2014 Operating Results
Oct 23, 2014
Earnings of $158 million Consumer loan and lease originations of $5.8 billion Annualized net credit losses of 2.0% on average consumer finance receivables End of period earning assets of $38.2 billion FORT WORTH, TX -- October 23, 2014: GENERAL MOTORS FINANCIAL COMPANY, INC. (âGM Financialâ or the âCompa ... Continue reading
Nutson's Nuggets - Automotive News Week of October 6-12, 2014
Oct 12, 2014
Automotive News Week of October 6-12, 2014 ... Continue reading
NADA Chairman: Keep Automotive Retailing and Financing Competitive for Car Buyers
Oct 7, 2014
In an annual speech to the Automotive Press Association, NADA offers a solution to address the CFPBâs fair credit concerns while preserving the robust competition for car buyers in indirect auto lending. DETROIT (Oct. 7, 2014) â Competition in automotive retailing is the cornerstone of the franchised new-car ... Continue reading
2014 U.S. Car Sales Hot Summer Pace Cools a Bit in September
Oct 1, 2014
September 2014 U.S. Car Sales ... Continue reading
S&P Upgrades GM and GM Financial to Investment Grade
Sep 26, 2014
General Motors Co. said today that Standard & Poorâs Ratings Services (S&P) has upgraded the credit ratings of both GM and GM Financial to investment grade with a stable outlook. The new GM corporate and GM Financial credit rating is BBB-. That is one level higher than the previous GM rating of BB+, which S&P assi ... Continue reading
Low Monthly Payments Result In New Car Leasing Hitting Record High
Sep 5, 2014
Washington DC September 4, 2014; The outlook for potential certified pre-owned inventory that dealers will need in 24 to 36 months just keeps getting more favorable, reports Auto Remarketing. Experian Automotive determined the percentage of new vehicles moved by franchised dealers and connected to a lease hit a new rec ... Continue reading
BMW Group Financial Services Has Been Recognized By J.D. Power
Aug 8, 2014
BMW Financial Services has been recognized for outstanding dealer satisfaction in the J.D. Power 2014 Dealer Financing Satisfaction Study SM, ranking highest for the third consecutive year in the Retail Leasing segment. This is the 11th year that BMW Group Financial Services has been recognized1. BMW Financial Services ... Continue reading
Auto Dealers Will Pay a Premium for Good Service from Lenders
Jul 28, 2014
New-vehicle dealerships place such a value on the relationship they have with their prime retail credit finance providers that two-thirds are willing to pay a premium for good service, according to the J.D. Power 2014 U.S. Dealer Financing Satisfaction StudySM released today. The study examines dealer satisfaction with ... Continue reading
Ford Credit Earns Second Quarter 2014 Pre-Tax Profit of $434 Million; Net Income of $264 Million
Jul 24, 2014
Ford Motor Credit Company reported a pre-tax profit of $434 million in the second quarter of 2014, compared with $454 million a year earlier. The lower pre-tax profit was more than explained by a higher level of insurance losses from storm damage to dealer inventory. Ford Creditâs net income was $264 million in th ... Continue reading
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