Jan 9, 2012
As tens of thousands of troops return from overseas deployments, Toyota and Toyota Financial Services (TFS), and Lexus and Lexus Financial Services (LFS) are offering special APRs and rebates to qualified military personnel and inactive reserves through participating dealers. In recognition of their service, qualified ... Continue reading
Mazda Announces Organizational and Personnel Changes
Jan 3, 2012
Tokyo, Dec 28, 2011 - Mazda Motor Corporation has announced the following organizational and personnel changes, effective January 1, 2012.1. Organizational ChangesChanges in the area of ITGoals- To strengthen system support in the emerging market business.- To promote the company-wide business process innovation with i ... Continue reading
Dec 20, 2011
Toyota Financial Services (TFS), as part of its Making Life Easier for YOUth initiative, has partnered with two auto remarketing firms, ADESA and Norwalk Auto Auctions, to provide a surprise holiday donation of $302,620 to be shared among 17 Boys & Girls Clubs in cities where the three companies operate. In addition to ... Continue reading
Valley First Credit Union Switches to VINtek ELT Services
Dec 14, 2011
VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, announced that Modesto, Calif.-based Valley First Credit Union selected VINtek as its ELT technology provider to better manage members automotive titles. "Implementing a ... Continue reading
Auto Affordability Slips in Q3, Comerica Bank Reports
Nov 18, 2011
The purchase and financing of an average-priced new vehicle took 24.2 weeks of median family income in the third quarter of 2011, slightly more than the 24.0 weeks of median family income in the second quarter. Consumers on average spent $650 more (an increase of 2.6 percent) on new cars in the third quarter."Auto affo ... Continue reading
DealerTrack Credit Application Network Reaches Milestone of 1,111 Lender Connections on 11/11/11
Nov 11, 2011
Today, DealerTrack announced that the number of active lenders connected to its DealerTrack credit application network has surpassed 1,111 U.S. lenders. The DealerTrack credit application network allows dealers to electronically submit credit application data to the industry's most diverse network of banks, independent ... Continue reading
Top Auto Finance Company Ally Financial Expands Its Financial Literacy Program
Nov 7, 2011
Ally Financial Inc., the No. 1 overall retail automotive finance company in the U.S.(1), has expanded its financial literacy program, Ally Wallet Wise, to include a course on Auto Finance. This new curriculum is in addition to the courses on Budget, Credit and Banking & Investing and is designed to provide consumers wi ... Continue reading
Lincoln Automotive Financial Services Launched to Support the Lincoln Experience
Nov 7, 2011
Exploring Lincoln, choosing a Lincoln and driving a Lincoln are paths along a unique journey. Now, the premium customer experience is even more seamless with available financing and exceptional service from Lincoln Automotive Financial Services. "Lincoln Automotive Financial Services is the dedicated financing brand th ... Continue reading
Details of Ford Motor Company's October 26 Briefing on 2011 Third Quarter Results
Oct 19, 2011
Ford Motor Company will release its preliminary 2011 third quarter financial results at 7 a.m. EDT on Wednesday, October 26. The following briefings will be held after the announcement: At 9 a.m. EDT, Alan Mulally, Ford president and chief executive officer, and Lewis Booth, Ford executive vice president and chief fina ... Continue reading
Oct 19, 2011
LEAP Financial, an auto leasing company serving consumers who have difficulty obtaining credit, confirmed that Tim Condon, CEO and Founder, will be discussing Nonprime and Subprime Finance at the upcoming Auto Finance Summit. The panel will focus on the changing face of non-prime finance, underserved credit niches and ... Continue reading
Chase Auto Finance Partners with Aston Martin the Americas on New Financing Program
Oct 17, 2011
Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin's first U.S. retail subvention program. With an award winning model line-up and exciting new products, such as Virage, Vantage S and the four-door ... Continue reading
GM Financial to Webcast Investor Presentation
Oct 5, 2011
GENERAL MOTORS FINANCIAL COMPANY, INC. will be presenting at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Ariz., on Wednesday, October 12, 2011 at 10:55 a.m. EDT. President and Chief Executive Officer Dan Berce will be presenting on behalf of the Company. ... Continue reading
Foreign Expats Can Buy a Car in the United States without a Credit History
Sep 28, 2011
Buying a car as a foreign expat who is planning a move to the United States can be extremely difficult. Foreign expats moving to the U.S. often lack a U.S. credit history which makes it difficult to lease or finance a vehicle for their U.S. transportation needs. Through a unique program that caters specifically to fore ... Continue reading
AUL Becomes an Approved Provider on The ZERO Plan
Sep 19, 2011
AUL Corp., America's largest national provider of used car service contracts, and Universal Lenders LLC, creator of The ZERO Plan announce today that they will be working together to offer simple solutions to auto dealers. The partnership will allow dealers to provide premium financing through The ZERO Plan to their cu ... Continue reading
Navigator Holdings Completes $40 Million Sale of Subprime Automobile Loan Portfolio
Sep 15, 2011
Navigator Holdings LLC (Navigator) President Bobby Lazenby announced today the sale of nearly $40 million in subprime, asset-backed loans. The sale comes as an increasing number of investors look to build balance sheets with high yield assets. After nearly three turbulent years, companies remaining in the subprime indu ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
