May 29, 2012
Experian Automotive today announced that average credit scores for consumers buying a vehicle have dropped to near prerecession levels. According to its quarterly automotive credit analysis, the average credit score for financing a new vehicle dropped six points to 760 and dropped four points to 659 for used vehicles. ... Continue reading
Santander Consumer USA Expands With Full-Spectrum Auto Lending
May 27, 2012
Santander Consumer USA Inc. ("Santander"), an industry leader in auto financing, has expanded its Santander Auto Finance lending program to include the prime tiers. This new "full spectrum" of auto lending will make it easier for dealers to sell more vehicles while helping more consumers purchase a car or truck. In the ... Continue reading
May 24, 2012
Forty-six percent of fleet managers cite cost savings as the primary focus of executive management as it relates to their company's fleet operations, according to a recent survey conducted by GE Capital Fleet Services. This was followed by on-time delivery and service, driver safety and resource productivity (all 15 pe ... Continue reading
LEAP Financial's Unique Business Model Ranks High in Customer Satisfaction Survey
May 14, 2012
LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit, announced the results of their most recent customer satisfaction survey. LEAP asked customers to rate their overall satisfaction with LEAP using a scale of 1 to 5, with 1 being Not Satisfied and 5 being Very Satisfied. ... Continue reading
Standard & Poor's Raises Huntington Auto Finance Trust Ratings
May 11, 2012
Huntington announces that Standard & Poor's (S&P) has raised the ratings of the class B, C, and D notes issued by Huntington Auto Trust 2009-1. The ratings have been raised from AA to AA+, A to AA, and BBB to AA-, respectively. In addition, S&P affirmed the AAA rating on class A-4 notes issued by Huntington Auto Trust ... Continue reading
Graduating on a Budget: New Grads' First Cars Don't Have to Break the Bank
May 9, 2012
The average debt load on college graduates jumped 24% to $16,932 between 2000 and 20101. Recent grads who need to buy a car as they begin their professional life should not add to that burden by overpaying for their first set of wheels. Editors at CarGurus, the auto research and shopping site , have identified a select ... Continue reading
Fitch: Mean Reversion Expected in U.S. Consumer Loan Performance
May 9, 2012
Historically low loss rates on U.S. automobile and credit card loans reflect improved consumer financial health and previously tightened underwriting standards and explains the loosening of lending terms which is underway in the auto and credit card loan spaces. Fitch Ratings expects these dynamics to translate into in ... Continue reading
Ford Credit Presentation at AFSA Finance Industry Conference for Fixed Income Investors
May 8, 2012
On Tuesday, May 15, Marion Harris, assistant treasurer, Ford Motor Company, will deliver a presentation on Ford Motor Credit Company at the American Financial Services Association (AFSA) Finance Industry Conference for Fixed Income Investors in Boston. The presentation will begin at 1:45p.m. EDT and last for approximat ... Continue reading
Research and Markets: Automotive Finance and Leasing for Consumers in Emerging Global Markets
May 2, 2012
Research and Markets has announced the addition of the "Automotive Finance and Leasing for Consumers in Emerging Global Markets" report to their offering. 'Automotive Finance and Leasing for Consumers in Emerging Global Markets' Automotive Finance and Leasing for Consumers in Emerging Global Markets investigates the ma ... Continue reading
May 1, 2012
The credit landscape continues its consistent recovery heading into the second quarter of 2012, with the exception of home finance, according tothe U.S. consumer data from Equifax's March National Consumer Credit Trends Report. At the end of Q1 2012, U.S. consumer debt was at $10.9 trillion, down more than 11% from its ... Continue reading
US Auto Lease Volume Growing Rapidly as Consumers Return to Dealers' Lots
Apr 20, 2012
New separate auto loan and lease data from CreditForecast.com, a leading provider of consumer credit data and forecasts, shows that most consumers looking to buy a new vehicle are still financing their purchases with loans rather than leases, but the volume of leases is expanding rapidly and expected to grow approximat ... Continue reading
VW Credit, Inc. Celebrates Expansion of Libertyville Facility, Plans to Create 150 New Jobs
Apr 20, 2012
VW Credit, Inc. (VCI), a subsidiary of Volkswagen Group of America Inc., today broke ground for a 30,000-square-foot expansion of its Libertyville facility. The multimillion-dollar expansion, to be completed early next year, will accommodate approximately 150 new jobs that VW Credit, Inc. expects to create through 2018 ... Continue reading
Apr 11, 2012
The Ultimate Drive App for the iPhone and Android devices can now lead BMW Financial Services customers to not only some great roads across the U.S., but today through June 30, 2012 it can lead to a BMW dealer, a test drive and a $300 credit towards the first payment on a new 2012 BMW 3 Series. "This is a simple thank ... Continue reading
GM Financial to Host Conference Call on First Quarter Operating Results
Apr 10, 2012
GENERAL MOTORS FINANCIAL COMPANY, INC. will release its first quarter 2012 operating results on Thursday, May 3, 2012. A conference call for fixed income investors to discuss the results will begin at noon ET. The conference call can be accessed by dialing 877-548-7905 (U.S. and Canada) or 719-325-4876 (International) ... Continue reading
Apr 4, 2012
"Hope for Car Owners" and "Auto Debt Consulting" Took Fees, But Failed to Modify Loans The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate opera ... Continue reading
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