An Interesting (But Not-Too-Rosy) Roundup of Auto Delinquencies
Check out this post from the Los Angeles Times. It's a blow-by-blow — er, bank-by-bank — look at third-quarter auto...
Cap One Sees Its Auto Lending Business Stabalize in 3Q
Richard Fairbanks, Capital One Finance Corp.'s CEO, said auto finance stabilized at the bank last quarter. His remarks on auto...
Chase-Mazda Pact May Give Short Shrift to First-Time, Used Buyers
As Chase Auto Finance is phased in as the replacement lender for Mazda American Credit, dealers worry that used-car and...
Gottwald Exits, Huisman Joins HSBC Auto
Donald Gottwald, executive vice president of dealer business and group director of product management, marketing, and sales, is among the...
Loan-Restructuring on the Rise as Competition for Deals Stiffens
With the economy in a downturn, lenders are softening their approach to turndowns. “Everyone is trying to be more hands-on,...
Dealers in Limbo With Stalled Wachovia Buyout
With the acquisition of Wachovia Corp. up for grabs, the bank’s auto finance unit is poised to lose loan volume....
Obama Puts Auto Finance Woes Front and Center During Presidential Debate
Barack Obama, the Democratic candidate for president, put auto finance woes in the spotlight during his debate last night with...
Rating Agency: Chrysler Loan Performance Faring Worst Among Big Three
The loan performance on three Chrysler asset-backed securitization deals issued since the beginning of 2007 is worse than expected, according...
