Experian Automotive: Auto Repossessions Reach Lowest Rate on Record
Aug 13, 2013
Thirty-day delinquencies drop and 60-day delinquencies remain flat as auto lending market stays strong Experian Automotive today announced that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since it began tracking the data seven years ago. According to its latest State of the Automo ... Continue reading
GE Capital Sees Positive Trends in Canadian RV, Motorsports and Marine Industries at Mid-Year
Aug 12, 2013
GE Capital's Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue into 2014. ... Continue reading
Biggest Selection of Used Cars in Brooklyn, New York and New Jersey
Aug 7, 2013
Kings Auto Show is now offering one of the largest selections of used cars in Brooklyn and New Jersey with low interest rates and special financing for all credit situations. Kings Auto Show, the Big Apple's premiere used car dealer, is now presenting one of the largest inventories of used cars Brooklyn has to offer wi ... Continue reading
GE Capital Fleet Services Reaches 100,000 Vehicle Remarketing Milestone
Aug 6, 2013
GE Capital Fleet Services today announced a major milestone with the sale of its 100,000th customer vehicle through its Remarketing by GE program. Launched in 2007, Remarketing by GE has enabled more than 300 customers nationwide--including credit unions, independent finance companies, banks, and corporations with owne ... Continue reading
Aug 5, 2013
RouteOne LLC and National Credit Center (NCC) announced today that they will integrate to offer identity verification and authentication services to help auto dealers streamline and improve their compliance efforts. These services enhance RouteOne's current compliance offering, and are delivered through its IDOne produ ... Continue reading
Ally Announces Marketing Efforts to Support Minority Dealers
Aug 5, 2013
New series of ads highlighting minority dealers' success and translated brochures represent latest efforts for the company to be the dealers' "ally" -- Ally Financial will introduce the first of several new ads in August that showcase diverse dealers. The ads are the latest addition to Ally's "Success Stories" campaign ... Continue reading
Jul 31, 2013
Infiniti Financial Services (IFS) is the most improved in the industry for prime retail credit according to the J.D. Power Dealer Financing Satisfaction ratings for 2013. IFS jumped to sixth place out of 32 from an overall ranking of 25 out of 30 last year in the Prime Retail Credit segment, increasing 50 points from 2 ... Continue reading
5 Top Myths for Below-Prime Auto Loan Consumers
Jul 30, 2013
New realities change conventional wisdom for the nearly half of car buyers with below prime credit ... Continue reading
Jul 30, 2013
BMW Financial Services Ranks Highest in Retail Leasing and Mercedes-Benz Financial Services Ranks Highest in Floor Planning, both for a Second Consecutive Year; Alphera Financial Services Ranks Highest in Dealer Satisfaction in Prime Retail Credit -- Dealer satisfaction has increased in all finance provider areas for t ... Continue reading
Jul 26, 2013
International AutoSource has been nominated for an EMMA (Expatriate Management and Mobility Award) by the Forum for Expatriate Management for their Expat Car Purchase, Leasing, Financing and Rental Car Programs. The Forum for Expatriate Management (FEM) is the largest expat mobility network in the world. International ... Continue reading
EasyCarMoney.com is committed to helping people get vehicle financing
Jul 26, 2013
EasyCarMoney.com offers personal tips to help improve credit scores. A bad credit score can make it extremely difficult for anyone to get a financing for a new or used vehicle. Not only can this situation prevent you from the freedom of owning your own vehicle, it can also damage your personal life by limiting your mob ... Continue reading
Ford Credit Reports Second Quarter Pre-tax Profit of $454 Million; Net Income of $275 Million
Jul 24, 2013
Ford Motor Credit Company reported a pre-tax profit of $454 million in the second quarter of 2013, compared with $438 million a year earlier. The increase in pre-tax earnings is more than explained by higher receivables and financing margin, offset partially by lower credit loss reserve reductions. Ford Credit's net in ... Continue reading
Mission Federal Credit Union's CUSO Acquires Autoland
Jul 14, 2013
Mission Federal Credit Union's CUSO (Credit Union Service Organization) announced that it has acquired Autoland Inc., a national car buying service provider, from the National Credit Union Administration. NCUA is the liquidating agent for Telesis Community Credit Union, which previously owned Autoland. ... Continue reading
Fitch Affirms 1 Class of Hyundai Auto Receivables Trust 2009-A
Jul 13, 2013
Fitch Ratings affirms one class of Hyundai Auto Receivables Trust (HART) 2009-A as part of its ongoing surveillance as follows: --Class A-4 at 'AAAsf'; Outlook Stable. KEY RATING DRIVERS The rating affirmation is based on available credit enhancement and loss performance. The collateral pool continues to perform within ... Continue reading
Jul 10, 2013
CU Direct Connect (CUDC) announces strong application and funded auto loan growth in the first half of 2013. A portion of this growth is attributed to the release of proprietary technology internally titled “The Opportunity Pool," which enables credit unions to fund more auto loans based on their pre-set criteria. ... Continue reading
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