Hyundai and Kia to Offer Free FICO Scores to Customers
Jun 29, 2014
Hyundai Capital America ("HCA"), a top-10 U.S. captive auto finance company, which does business as "Hyundai Motor Finance" and "Kia Motors Finance", today announced it has partnered with FICO , a leading predictive analytics and decision management software company, to be the first captive auto finance company to prov ... Continue reading
Jun 2, 2014
Experian Automotive today announced that loan terms continued to lengthen, with the average automotive loan term reaching 66 months for the first time. According to Experian Automotive's latest State of the Automotive Finance Market report, loan terms in the first quarter of 2014 reached the highest level since the com ... Continue reading
Ford Automotive Finance (China) Completes First ABS Transaction in China
May 27, 2014
Ford Automotive Finance (China), Ford Motor Credit Companyâs subsidiary in China, has completed its first asset-backed securitization (ABS) in China to support the financing of Ford-brand vehicle sales. Ford Automotive Finance (China) is the first wholly foreign-owned auto finance company to complete an ABS transa ... Continue reading
May 22, 2014
Experian Automotive today announced that while at a national level 60-day automotive loan delinquencies fell 1.7 percent, 22 states showed increases. According to the latest State of the Automotive Finance Market report, Delaware showed the sharpest increase, jumping by nearly 10 percent, up from 0.73 percent in Q1 201 ... Continue reading
Driver Safety Remains Top Priority of Fleet Managers, Finds GE Capital Fleet Services Survey
May 13, 2014
Ensuring driver safety is the biggest priority of fleet managers, according to a survey conducted at the 2014 NAFA Institute and Expo by GE Capital Fleet Services. With more than a third (35 percent) of fleet managers identifying it as their main concern, driver safety outpaced cost-savings goals and workforce producti ... Continue reading
Monthly Auto Buyer's Affordability Index (ABAI) Targets Improved Consumer Awareness
May 13, 2014
Requisite Press, LLC announced today the initial release of the monthly U.S. Auto Buyer's Affordability Index (ABAI). The purpose of the ABAI is to provide regular, ongoing consumer awareness of new-car affordability considerations for improved household financial health. The April 2014 ABAI is 52.1 on a scale of 0 to ... Continue reading
May 7, 2014
Ford Motor Credit Company and Lincoln Automotive Financial Services are offering customers affected by recent storms the option to delay some car and truck payments. The disaster relief program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situation ... Continue reading
Alan Mulally Retiring on July 1; Mark Fields Named Company President and CEO
May 1, 2014
Mark Fields Named Company President and CEO ... Continue reading
Ford Credit Earns First Quarter 2014 Pre-Tax Profit of $499 Million; Net Income of $312 Million*
Apr 25, 2014
Ford Motor Credit Company reported a pre-tax profit of $499 million in the first quarter of 2014, compared with $507 million a year earlier. The change in pre-tax profit was driven by higher volume, reflecting increases in nearly all products globally, largely offset by unfavorable lease residual performance in North A ... Continue reading
Apr 2, 2014
Milton Keynes, 1 April 2014 â Å KODA is building on the success of its â3 Big Reasonsâ finance offers by extending the campaign into the next quarter of the year â and by making it more flexible. Buying a new Å KODA has always been an appealing option, but the â3 Big Reasonsâ campaign â ... Continue reading
View large preview Credit Suisse celebrate 10 years of Classic Cars
Mar 26, 2014
Credit Suisse marks the 10th anniversary of its successful Classic Car Program throughout 2014 A full schedule of Classic Car and Historic Motor Sport activities planned for 2014 Credit Suisse will support the leading international historic vehicle events, including the 2014 Grand Prix de Monaco Historique, the Pebble ... Continue reading
2014 Vincentric Best Auto Value in America Awards
Mar 25, 2014
Best Auto Value in America Awards ... Continue reading
Report Says Most Americans Can't Afford New Cars
Mar 25, 2014
For many Americans, a car isn't a way to get from point A to point B, it's freedom. Now, amid stagnant wages and a shaky recovery, the average new car price rose last year by $1,536. "Americans can only afford used cars," said Louis Hyman, an assistant professor in the labor relations, law, and history department at Co ... Continue reading
Toyota Financial Services Issues Auto Industry’s First-Ever Asset-Backed Green Bond
Mar 24, 2014
Bond Proceeds to Fund Consumer Loans and Leases for Toyotaâs Leading Portfolio of Green Vehicles March 24, 2014 TORRANCE, Calif., (March 24, 2014) â Toyota Financial Services (TFS) issued the auto industryâs first-ever Asset-Backed Green Bond in the amount of $1.75 billion. The offering was upsized from ... Continue reading
New Cars Unaffordable in All But One Major Metro Area
Mar 12, 2014
A median-income household can only afford the average-priced new car or light truck in one of the 25 largest U.S. metropolitan areas, according to research released today by Interest.com. Washington, D.C. leads the list for a second straight year, followed by San Francisco and Boston. Two Florida cities (Tampa and Miam ... Continue reading
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