Sanctioning Body News - NASCAR And Google Confirm April Fools Day Joke
Apr 2, 2012
DAYTONA BEACH, April 1, 2012: NASCAR and Google today confirmed what many expected throughout the morning â the two companies working together to bring autonomous vehicle technology to NASCAR race cars was Googleâs very popular, annual April Foolsâ Day joke. The collaboration highlights an evolving relat ... Continue reading
Automobile Finance Is Negotiable, Educational Coalition Says
Mar 30, 2012
Many consumers focus their pre-car buying research on selecting the right vehicle, but spend limited time educating themselves about financing options. As Financial Literacy Month approaches, AWARE (Americans Well-informed on Automobile Retailing Economics) encourages consumers to concentrate on the entire automobile-b ... Continue reading
Fitch: Used Cars and Improved U.S. Employment Trends Boost U.S. Auto Loan/Leasing Sector
Mar 17, 2012
U.S. auto loan/lease credit performance continued its positive momentum in Q4'11, with strong used car prices and positive U.S. economic trends offsetting typical second-half seasonal trends, according to a new report by Fitch Ratings. Fitch's outlook for the auto finance industry is stable for 2012, supported by Fitch ... Continue reading
Mar 16, 2012
Nearly 66 percent of U.S. consumers think it will be just as difficult, or even harder, to obtain an auto loan in 2012 versus 2011, according to a February FreeScore.com survey. This is the case despite the signals of a growing recovery in the U.S. auto industry and overall general economy. According to the same FreeSc ... Continue reading
Ford Completes Amendment and Extension of Existing Revolving Credit Facility
Mar 15, 2012
Ford completes amendment and extension of its revolving credit facility under favorable terms with a total of $9 billion committed to 2015, further demonstrating its improving underlying financial strength and financial flexibility Extending Ford's credit facility further enhances the company's liquidity and financial ... Continue reading
CoverHound Adds GMAC Insurance to Comparative Shopping Platform
Mar 14, 2012
CoverHound today announced the addition of GMAC Insurance to its insurance comparison shopping platform. The introduction of GMAC Insurance further expands CoverHound's offering to consumers, as the company continues to provide instant, accurate and actionable quotes to insurance shoppers online. "We're extremely excit ... Continue reading
GMAC Named "Best Auto Finance Company 2012"
Mar 6, 2012
GMAC has been named "Best Automotive Finance Company 2012" for its outstanding services provided to both the UK and European automotive sectors by the Institute for Transportation Management (ITM), located in Birmingham, UK. The Institute Award is based on a comprehensive independent pan-European survey among manufactu ... Continue reading
Equifax and Moody's Analytics Forecast the Year Ahead in Consumer Credit
Mar 5, 2012
NewU.S. consumer credit data from CreditForecast.com, a joint product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering home and auto markets in 2012. As numbers reflect pre-recession totals, consumers should anticipate steady economic growth in major sectors according ... Continue reading
Auto Interest Rates Hit Lowest Levels Since 2008, According to Experian Automotive
Feb 23, 2012
Experian Automotive today announced that the automotive loan market showed continued improvement, with interest rates for new and used vehicle loans reaching the lowest levels since 2008, according to its quarterly automotive credit analysis. In Q4 2011, average credit scores for new and used vehicle loans also dropped ... Continue reading
VINtek Awarded Third U.S. Patent
Feb 21, 2012
VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, announced U.S. Patent # 8,078,525 B2 was issued to the company Dec. 13, 2011 to cover specific VINtek technologies and processes involved in presenting auto purchase doc ... Continue reading
Ford and Ford Credit to Participate in J.P. Morgan Global High Yield & Leveraged Finance Conference
Feb 20, 2012
On Monday, Feb. 27, Neil Schloss, Ford Motor Company vice president and treasurer, and Michael Seneski, Ford Motor Credit Company chief financial officer, will deliver a presentation at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida. The presentation will begin at 9:40 a.m. EST and w ... Continue reading
Auto Affordability Improves in Fourth Quarter 2011, Comerica Bank Reports
Feb 14, 2012
The purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009. Consumers on average spent $1,050 less (a decrease of 4.0 percent) on new cars in the fourth quarter. "Auto affordability imp ... Continue reading
Feb 4, 2012
Mercedes-Benz Financial Services USA LLC and DealerTrack today announced that MBFS will become a lender on the DealerTrack credit application network used by 350 Mercedes-Benz dealers in the United States, beginning in March. ... Continue reading
Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels
Jan 19, 2012
Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two years ago, Mercedes-Benz Financial Services (MBFS) has received over $50 million in payments via mobile channels -- and the number is growing. In October 2009, Mercedes-Benz Financial Services became the f ... Continue reading
Jan 16, 2012
Buying a car as a foreign expatriate moving to the United States can be quite challenging. International AutoSource offers a unique program that makes the car buying experience easy, and most importantly, no U.S. credit history is required. Uniquely trained professionals guide expats through the entire process to ensur ... Continue reading
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