Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Ford Credit Explains Steep Decline in Net Income

Nick Zulovich
DEARBORN, Mich. — Despite a $77 million net income decrease from the first quarter of last year, Ford Motor Credit's top executive declared Tuesday that the captive continues "to execute the fundamentals of our business well." Ford's financial arm revealed ... [Read More]

Daimler to Set Up India Financial Arm

Nick Zulovich
CHENNAI, India and BERLIN — Daimler AG recently learned it received approval from the Reserve Bank of India to setup a finance company in the country. Executives explained the newly founded company — Daimler Financial Services India Private Limited — ... [Read More]

KAR Looks to Refinance Debt

Nick Zulovich
CARMEL, Ind. — Given the current favorable market conditions, KAR Auction Services announced this morning that it intends to refinance a portion of its indebtedness to allow for a greater flexibility to prepay debt. "The purpose of the planned refinancing is ... [Read More]

DealerTrack Strikes Deal for New Credit Facility to Fund Growth

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this morning that it has successfully completed a new four-year $125 million revolving secured credit facility, which will be used for future acquisitions and general corporate purposes. The credit facility, which includes a syndicate of ... [Read More]

Honda Finance Breaks Ground on New Regional Office

Nick Zulovich
CHARLOTTE, N.C. — American Honda Finance Corp. celebrated the groundbreaking earlier this week for its new North Carolina regional office. The company indicated its new facility, consisting of 25,000 square feet, will support its growing family of customers in North ... [Read More]

CarHop Opens New Location and Moves Another Store

Nick Zulovich
PORTLAND, Ore. — In addition to moving its store in Arlington, Texas, CarHop announced the grand opening of a new store in Portland, Ore.  This is CarHop's 46th store to open nationwide in its 15-year history. CarHop has now opened stores in 12 ... [Read More]

Finance Express Adds More Dealers, Partners

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently entered into a pair of contracts with dealer solution providers to activate more than 11,000 additional dealers on its lender portal. The two companies now associated with Finance Express are Wayne Reaves ... [Read More]

NCCI Says Lenders Loosen Underwriting

Nick Zulovich
LAKE FOREST, Calif. — Despite production delays for some automakers, new-car sales are rising. And along with it, the number of auto loans originated is growing as more financing becomes available, according to National Creditors Connection. At the same time, credit ... [Read More]

First Investors Gains New VP & Co-COO

Nick Zulovich
HOUSTON — First Investors Financial Services Group recently named an industry veteran to be its senior vice president of marketing and originations as well as co-chief operating officer. Taking on the role is David Satterfield, who First Investors is asking ... [Read More]

Ally Credit Canada Joins DealerTrack Canada

Nick Zulovich
TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X