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Fifty years ago today Ford Motor Credit Co. launched. There have been some hiccups in the years since (leasing, subprime lending, the credit crisis, etc), but Ford Credit remains the No. 1 auto finance company in the nation with $88.2 billion of total outstandings in the US at yearend 2008 and despite a 14.5% year-over-year decline, according to the Auto Finance Big Wheels data report. We at AutoFinanceNews.net congratulate FMCC on reaching this significant milestone.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
