Feb 6, 2013
Chrysler Capital formed through private-label agreement with Santander Consumer USA Inc. Chrysler Capital to provide Chrysler Group customers with competitive financing options on vehicle purchases Chrysler Capital to provide wholesale financing and related services to Chrysler Group and FIAT dealers Chrysler Capital t ... Continue reading
NIADA Endorses RouteOne As Credit Application Provider Of Choice For 2013
Jan 31, 2013
Today, RouteOne LLC announced that the National Independent Automotive Dealer Association (NIADA) has once again endorsed RouteOne as the credit application management system of choice for independent dealers in 2013. As an endorsed NIADA National Member Benefit Partner since 2009, RouteOne has assisted NIADA's 20,000 ... Continue reading
Social Savings Website Motozuma Extends Hyundai Partnership
Jan 28, 2013
Saving for a new Hyundai has never been easier with Motozuma.com, the first-of-its-kind automotive social savings website. On the success of selling more than 1,500 new Hyundais in 2012, Hyundai will continue to offer a dollar-for-dollar matching incentive up to $500 for a consumer that buys a new 2012 -- 2014 Hyundai ... Continue reading
GM Financial to Host Conference Call on Fourth Quarter and Calendar Year 2012 Operating Results
Jan 25, 2013
GENERAL MOTORS FINANCIAL COMPANY, INC. will release its fourth quarter and calendar year 2012 operating results on Thursday, February 14, 2013. A conference call for fixed income investors to discuss the results will begin at noon ET. The conference call can be accessed by dialing 800-230-1074 (U.S. and Canada) or 612- ... Continue reading
Ally Offers Students Financial Education to Help Make Dream Cars a Reality
Jan 22, 2013
Ally Financial will provide local area students the tools for making dream cars a reality by teaching them how to budget for their own vehicles at this year's North American International Auto Show (NAIAS) Education Day. This year, through its Ally Wallet Wise financial literacy program, Ally Financial will offer free ... Continue reading
Daimler Creates Subsidiary for Innovative Mobility Services
Jan 21, 2013
Mobility services consolidated into Daimler Mobility Services GmbH Revenue expected to achieve 100 million euros by 2014 Flexible car2go carsharing service has already reached break-even in three cities Mobility platform moovel to be offered in additional cities in 2013 New strategic partnership with GottaPark Inc. to ... Continue reading
Toyota Financial Services (TFS) Launches Diversity & Inclusion Bond
Jan 18, 2013
Toyota Financial Services (TFS) launched its first Diversity & Inclusion Bond. This new type of bond syndication will become a component of the company's comprehensive funding program, and is firmly in line with the company's corporate initiatives, supplementing its strong focus on diversity, both inside and outside of ... Continue reading
GM Financial Announces Primary Philanthropic Initiatives for 2013
Jan 11, 2013
GM FINANCIAL today announced selection of its primary philanthropic initiatives, or "Signature Events," for 2013: March of Dimes, Salvation Army and United Way. GM Financial's Canadian team members will support the Salvation Army, United Way, and the Canadian Cystic Fibrosis Foundation. 'Giving back to our communities ... Continue reading
VINtek Helps Automotive Lenders Improve Service to Military Borrowers
Jan 7, 2013
VINtek, a provider of automotive collateral management and electronic lien and title (ELT) services for automotive finance lenders, has announced growing adoption of its VINtekTIME automotive collateral management system and processes as well as increased interest in its eSignature and eContracting solution by military ... Continue reading
Group 1 Automotive Announces VW Credit Has Joined Existing Syndicated Credit Facility
Dec 13, 2012
Group 1 Automotive, Inc.,a Fortune 500 automotive retailer, announced today that VW Credit, Inc. has signed on as a partner to its existing $1.35 billion revolving credit facility that expires in June 2016. The lenders in the syndicated facility now consist of five captive finance companies -- Toyota Motor Credit Corpo ... Continue reading
Dec 12, 2012
Dealertrack Technologies and Volvo Car Financial Services today announced that Volvo Car Financial Services has become a lender on the Dealertrack Credit Application Network. â'This partnership with Dealertrack will significantly enhance support for our retailer's financing processâ Dealertrack is the exclusive c ... Continue reading
RV Industry Sees Sales Increasing in 2013, According to GE Capital Survey
Dec 10, 2012
Four years after the height of the economic downturn, participants in the recreational vehicle (RV) industry in the U.S. and Canada believe they're heading in the right direction, according to survey results released today by GE Capital's Commercial Distribution Finance (CDF) business. 'Because these types of models ar ... Continue reading
Experian Automotive: Toyota, Ford and Chevrolet top makes financed in Q3 2012
Dec 4, 2012
Experian Automotive today announced that Toyota grabbed top honors in Q3 2012, claiming 14.09 percent of all new vehicles financed. Ford was second with 13.16 percent, and Chevrolet was third with 11.10 percent. Findings from its Q3 State of the Automotive Finance Market analysis showed market share for nonprime, subpr ... Continue reading
Auto Loan Originations at Highest Levels in Five Years, Equifax Reports
Nov 21, 2012
The latest data from Equifax's National Consumer Credit Trends Report shows that the total number of auto loan originations from January-August 2012 totaled 14.6 million -- the highest number of originations for that timeframe since 2007 (14.8 million). Total outstanding auto loan balances through October 2012 are more ... Continue reading
Rent-To-Own/Lease-To-Own Autos Driving Off The Used Car Lots In Record Numbers
Nov 14, 2012
With the downward trend in the economy, car buyers are caught in the credit crunch and are turning to the old standby: rent to own / lease to own. Many consumers have been buying furniture and appliances using this method for years and the used car industry has finally gotten the message. The consumer doesn't need pris ... Continue reading
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