News By Topic: Credit Bureaus (Chrysler Credit, GMAC, etc.)

J.D. Power: Dealer Satisfaction with Financers at 5 Year Low

Sep 9, 1998

Overall dealer satisfaction with finance providers has reached its lowest level in five years as a result of declines in the performance of independent finance providers and banks, according to the J.D. Power and Associates 1998 Dealer Financing Satisfaction Study(SM). ... Continue reading

J.D. Power Ranks Ford Credit Highest

Sep 9, 1998

J.D. Power and Associates has given Ford Credit the award for highest dealer satisfaction in floor planning in its 1998 Dealer Financing Satisfaction Study, showing Ford Credit's leadership in J.D. Power and Associates automotive financing studies. ... Continue reading

Capital Automotive REIT Announces Share Repurchase Program

Sep 8, 1998

Capital Automotive REIT announced today that its Board of Trustees has authorized the repurchase of up to three million shares, or approximately 10% of its Common Stock outstanding. ... Continue reading

Premier Auto $1.7 Billion 1998-4 Notes Expected AAA Rating By Fitch IBCA

Sep 8, 1998

Premier Auto Trust's 1998-4 $550 million 5.56% class A-2, $470 million 5.69% class A-3, and $304 million 5.78% class A-4 asset- backed notes are expected to be rated 'AAA' by Fitch IBCA. Class A-1 notes and certificates are not being publicly offered. ... Continue reading

Royal Bank of Canada Uses Credit Revue for Indirect Auto Lending

Sep 8, 1998

Credit Management Solutions, Inc. (CMSI) announced that Canada's largest bank, Royal Bank of Canada (245 billion Canadian), has implemented CMSI's CreditRevue(R) 2000 UNIX-based software system to support the bank's indirect automobile lending services. ... Continue reading

Warrantech Corporation Repurchases Common Shares

Sep 8, 1998

Warrantech Corporation announced that pursuant to its stock repurchase program, the Company has thus far purchased 262,000 of its common shares in open market transactions. ... Continue reading

Ugly Duckling Announces Increase in Revolving Credit Facility

Sep 4, 1998

Ugly Duckling Corporation announced approval from GE Capital to increase the Company's Revolving Credit Facility from $100 million to $125 million and to expand the facility's terms to allow the Company to borrow against its used car inventory. ... Continue reading

Automotive Credit Transactions Hit The Super Highway

Sep 2, 1998

The global and real-time dimensions of the Internet are being applied to virtually every aspect of commerce. Now, all those involved in automotive lease/loan credit transactions have a powerful new Internet-based tool courtesy of e-Fin Inc., Electronic Finance Marketplace. ... Continue reading

Ford, Ford Credit 'A+' Sr Debt Affirmed by Fitch IBCA

Sep 2, 1998

Ford Motor Co.'s (Ford) 'A+' senior debt is affirmed by Fitch IBCA. At June 30, 1998, Ford's automotive debt totaled $8.2 billion. Ford Motor Credit's (FMC) 'A+' senior debt rating and 'F1' commercial paper ratings also are affirmed. ... Continue reading

Stockholders Approve Ugly Duckling Corporation Split-Up

Sep 2, 1998

At the Aug. 31, 1998, annual meeting of stockholders of Ugly Duckling Corp., stockholders approved a proposal to allow Ugly Duckling to proceed with a plan to split its dealership and non- dealership operations into two separately held public companies. ... Continue reading

Consumer Portfolio Services Inc. Makes Announcement

Sep 1, 1998

CPS Inc. released certain data pertaining to the credit quality of its portfolio. The information is released to clarify certain issues raised by recent analyst reports and by heavy trading of the company's stock. ... Continue reading

GMAC and Budget to Offer Truck Rental to Apartment Residents

Aug 28, 1998

GMAC Commercial Mortgage Corporation has entered into an agreement with Budget Car and Truck Rental to offer local and one-way truck rentals and moving supplies to members of GMAC Resident's Advantage(SM) ... Continue reading

T&W Expands Into Commercial Auto Rental Market

Aug 28, 1998

T&W Financial Corporation announced that it has expanded its specialty commercial finance operations into the commercial auto rental and corporate fleet markets by creating Prime One Capital Company, L.L.C. (Prime One). ... Continue reading

Union Acceptance Corporation Reports Year End Results

Aug 27, 1998

As previously announced on August 17, 1998, Union Acceptance Corporation is restating its financial statements for fiscal June 30, 1997, as well as the first three quarters of fiscal 1998. ... Continue reading

Batman vs. the Joker - Showdown at Charlotte

Aug 24, 1998

Ford Credit is conducting a special "Batman vs. The Joker, Showdown at Charlotte" consumer promotion leading up to the UAW- GM Quality 500 NASCAR Winston Cup race at Charlotte Motor Speedway on Oct. 4. ... Continue reading