GM Financial Announces $900 Million Senior Subordinate Asset-Backed Securitization
Sep 11, 2011
GENERAL MOTORS FINANCIAL COMPANY INC. announced the pricing of a $900 million offering of automobile receivables-backed securities through lead managers J.P. Morgan, Credit Suisse and Deutsche Bank Securities. Co-managers are Barclays Capital, Morgan Stanley, RBS and Wells Fargo Securities. GM Financial uses net procee ... Continue reading
Chase and Subaru Renew Captive Lender Agreement
Sep 8, 2011
Chase Auto Finance and Subaru of America, Inc. today announced the renewal of their relationship, Subaru Motors Finance (SMF), extending Chase as the captive auto finance provider for Subaru in the U.S. for an additional five years. ... Continue reading
Low Rates and Financing on Auto Loans from Navy Federal
Sep 7, 2011
Automobiles are one of the most important purchases made in life. At the same time, they also tend to be one of the priciest, whether they are new or used. In some cases, loans may be necessary to help finance the car over an extended period of time and in an affordable manner. ... Continue reading
Chase Expands New Financing Program With Chrysler Group to Benefit FIAT Customers
Sep 7, 2011
Chase Auto Finance announced today that it has expanded its new consumer financing program to FIAT dealers across the U.S. The bank began offering this program to Chrysler, Jeep, Dodge and Ram Truck dealers last month. 'We are excited to expand our offering to FIAT dealers across the country and pleased to support FI ... Continue reading
Company Profile for GM Financial
Sep 2, 2011
General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States and Canada. GM Financial has approximately 3,300 employees, 700,000 customers and $9 billion in auto receivables and leases. The Company is a wholly-owned subsidiary of General Motors Company and is head ... Continue reading
Medallion Bank Joins Wolters Kluwer Financial Services' AppOne Platform
Aug 30, 2011
Wolters Kluwer Financial Services announced today that Medallion Bank has joined its AppOne platform. AppOne automates the indirect lending, credit approval and compliance processes for lenders and the RV and marine dealers they work with. ... Continue reading
LEAP Financial Expands Headquarters in San Diego
Aug 25, 2011
LEAP Financial, an auto leasing company that helps consumers facing auto repossession or bankruptcy either keep their vehicle or get a different one, has expanded its footprint in San Diego. In a deal brokered by Hughes Marino, San Diego's leading commercial real estate company exclusively representing corporate tenant ... Continue reading
Autodata Solutions and DriveItNow Give Consumers More Detailed Payment Options
Aug 25, 2011
Autodata Solutions and DriveItNow Give Consumers More Detailed Payment Options Using OEM Incentives and Rebates DriveItNow pre-qualifies consumers based on their actual credit, OEM incentives and dealer financing guidelines to provide the clearest picture yet of their car-buying power. Professional services and technol ... Continue reading
Chrysler, Jeep, Dodge and Ram Truck Customers Has New Financing Options from Chase
Aug 15, 2011
Chase Auto Finance today further enhanced its offerings with the launch of a new consumer financing program available through Chrysler, Jeep, Dodge and Ram Truck dealers across the U.S. ... Continue reading
GM Financial Reports 2011 June Quarter Operating Results
Aug 4, 2011
FORT WORTH, Texas--GENERAL MOTORS FINANCIAL COMPANY, INC. (ââ¬ÅGM Financialââ¬??? or the ââ¬ÅCompanyââ& amp; #130;¬???), announced net income of $96 million for the quarter ended June 30, 2011, and $173 million for the six months ended June 30, 2011. Loan originations were $1.3 billion f ... Continue reading
Aug 1, 2011
VW Credit, Inc., the financial services arm of Volkswagen Group of America, has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts. ... Continue reading
FordDirect Names Valerie Fuller Chief Operating Officer
Aug 1, 2011
FordDirect, a joint venture between Ford Motor Company and its franchise dealers, announced today the appointment of Valerie Fuller as COO. Fuller previously served as executive vice president of operations for FordDirect and has been a member of the FordDirect management team for the past six years. "Valerie has been ... Continue reading
Jul 29, 2011
Mercedes-Benz Financial Services USA LLC captured the highest satisfaction rankings in all three major categories of the just-released J.D. Power and Associates 2011 Dealer Financing Satisfaction Study(SM). ... Continue reading
Dealer Satisfaction with Lenders Increases from 2010, Led by Improvement by Banks
Jul 28, 2011
Dealer satisfaction with automotive financing lenders has increased notably in 2011, with improvement by certain banks outpacing gains by captive lenders, particularly in the prime retail credit space, according to the J.D. Power and Associates 2011 U.S. Dealer Financing Satisfaction Study(SM) released today. ... Continue reading
250% Growth in Repossessed Vehicle Sales Since January 2011
Jul 26, 2011
OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, experienced a 250 percent growth in repossessed vehicle sales and a 75 percent sell-through rate in its recovery remarketing program since January 2011. ... Continue reading
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