Auto loan outstandings in the United exhibited strong performance in 2011. As we reported earlier in the year, the combined portfolios of the Top 100 financiers increased, according to the annual Auto Finance Big Wheels ranking of car lenders and lessors.
Ally Financial led the field of financiers with $73.2 billion of loans and leases outstanding, topping Toyota Motor Credit by nearly $10 billion. Of the 100 auto finance companies ranked in the report, 9 of the top 10 auto are attending the Auto Finance Summit next month, including:
• Ally Financial
• Toyota Motor Credit
• Chase Auto Finance
• Wells Fargo Dealer Services
• Nissan Motor Acceptance
• Bank of America Dealer Financial Services
• American Honda Finance
• BMW Finance
• Capital One Auto Finance
These companies know how to take advantage of an expanding market, don’t miss your opportunity to learn from and network with the best the industry has to offer. Join them and hundreds of other participants for auto lending and leasing’s best deal-making and networking event. Register Today.
Marcie, yes I see them loosening up very soon. Look at what Americredit has done lately: reactivated roughly 3000 dealers and are buying GMAC turn downs. Why is it? They have money. When money becomes more readily available, there are several special finance lenders that are primed to be players. Then, competition will create more aggressive programs similar to what happened throughout this decade.