Nutson's Nuggets: Here Is Last Week's (Nov 5-11 2012) Automotive News In Case You Were Dozing
Nov 11, 2012
* The election is over. President Barack Obama is in for a second term. We probably will be hearing more about electric vehicles, cleaner burning fuels and back-up cameras. * According to the University of Michigan Transportation Research Institute, the average fuel economy - based on window stickers of new cars sold i ... Continue reading
Ford Credit to Participate in Citi 2012 North American Credit Conference
Nov 7, 2012
On Wednesday, Nov. 14, Michael Seneski, chief financial officer, Ford Motor Credit Company, will deliver a presentation at the Citi 2012 North American Credit Conference in New York. The presentation will begin at 10:50a.m. EST and last for approximately 40minutes. A listen-only audio webcast and supporting materials w ... Continue reading
Oct 31, 2012
For the first time in the company's history, Mercedes-Benz Financial Services USA LLC was named by Great Place to Work® as one of the best small and medium workplaces in the United States on their annual Best Small and Medium Workplaces list, to be published by Fortune Magazine in November. Ranked No. 24, the list rec ... Continue reading
Universal Trailer Announces New Financial Lending Source for Its Dealer Networks
Oct 23, 2012
Universal Trailer Corporation, North America's leading trailer manufacturer, announced today that it has engaged with Northpoint Commercial Finance to provide inventory financing to its network of dealers in the United States. Terry Carlson, CEO of Cincinnati-based Universal Trailer Corporation stated, We are excited ... Continue reading
Oct 22, 2012
Ford Motor Company today announced that Mike Bannister, executive vice president and chairman and CEO of Ford Motor Credit Company, has elected to retire effective Jan. 1, 2013, after 39 years of service. Bannister, 62, will be succeeded by Bernard Silverstone, who is being named group vice president and chairman and C ... Continue reading
Oct 11, 2012
BMW Financial Services announces the release of The Ultimate Drive for Facebook, a community app that enables drivers to find exceptional driving roads and share favorite routes of their own with others. ... Continue reading
Sep 27, 2012
According to Equifax's latest monthly National Consumer Credit Trends Report, automotive credit balances and new accounts are increasing steadily, with the number of new accounts opened in the first half approaching pre-recession levels. Auto lending is gaining strength, reflecting increasing demand for new cars. Year- ... Continue reading
Sep 11, 2012
Atlantic Toyota, one of the more exceptional Long Island Toyota dealers, has made a move that few dealers would consider making for their customers: dropping prices lower than the national average on lease pricing. With $40 taken off of the national starting lease prices for many popular Toyota models, customers may be ... Continue reading
Experian Automotive: Subprime auto loans in Q2 2012 exceeded prerecession levels
Sep 4, 2012
Experian Automotive today announced that loans to customers in the nonprime, subprime and deep-subprime risk tiers accounted for more than one in four new vehicle loans in Q2 2012. With 25.41 percent of all new vehicle loans to customers in the nonprime, subprime and deep subprime risk tiers, loans to credit-challenged ... Continue reading
Aug 23, 2012
Delinquency rates across home, auto and credit card finance accounts have demonstrated double-digit percentage* declines from July 2011-2012, according to Equifax's latest monthly National Consumer Credit Trends Report. In descending order, notable year-over-year dollar-based declines include: Auto loan 60-day plus del ... Continue reading
New Survey Reveals High Awareness of Auto Refinancing, but Few Taking Advantage of Benefits
Jul 31, 2012
In spite of its benefits and high awareness -- and an advantageous lending climate - few are taking advantage of auto refinancing, according to a new snapshot survey from CarFinance.com (www . carfinance . com), a website dedicated to providing lending to below-prime consumers, and a resource for consumers seeking auto ... Continue reading
Jul 31, 2012
Satisfaction with automotive finance providers is significantly higher among dealers who have a preferred relationship with their lender, which is driven by a higher number of automated approvals, faster funding, more interactions with their sales representative and a perceived increase in the flexibility of the lender ... Continue reading
For Customers Affected by Tropical Storm Debby, Ford Credit Offers Financial Relief
Jul 27, 2012
Ford Motor Credit Company is offering customers affected by Tropical Storm Debby in Florida the option to delay some car and truck payments. Ford Credit's Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situations improve. The ... Continue reading
Special Motorsports Event - Ford's 2012 Jim Clark Award For Rally Driver David Bogie
Jul 11, 2012
The Association of Scottish Motoring Writers has honoured Dumfries rally driver David Bogie with this year's Ford-sponsored Jim Clark Award in recognition of his sporting achievements. ... Continue reading
Historics - Derek Bell And Bentley Inspired By 'Mission Motorsport' Team At Le Mans Classic
Jul 11, 2012
Bentley's brand ambassador and five time Le Mans winner, Derek Bell MBE, returned to the iconic French race circuit last weekend to spearhead a unique motorsport challenge. ... Continue reading
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