Earnings
CPS Enters Into Third Credit Facility
Consumer Portfolio Services (CPS) announced yesterday that it has entered into a new two-year revolving credit agreement with Credit Suisse...
Ally to Reinstate Stock Dividend, Share Buybacks in 2016
Ally Financial Inc. is closer to finalizing its longstanding goal of reinstating a common stock dividend and a share repurchase program,...
VIDEO: Carvana Introduces Coin-Operated Car Vending Machine
Used-car marketplace Carvana introduced what it claims is the world's first "coin"-operated car vending machine in Nashville, Tenn. today. The...
SCUSA in the Market for More Business Partnerships, EVP Says
LAS VEGAS -- Santander Consumer USA is more than seven times as large as it was five years ago, in large...
Fan Base Drives Alfa Sales … For Now
Incentives are creeping higher, but the Alfa Romeo brand is an exception to the rule, analysts said. Average incentive spending for...
Dealer Groups Gain in F&I Per Vehicle
On Thursday, Penske Automotive Group reported barely higher average F&I revenue per vehicle of $1,098, up $2 from a year ago, making...
SCUSA Reports Tougher Competition, Drops Personal Loans
Santander Consumer USA is keeping an eye on more aggressive competition in leases and in near-prime auto loans. "People are being...
Ally Volume Nearly Flat Despite Steep Drop in GM Incentives
Ally Financial Inc. auto originations declined less than 1% to $11.1 billion in the third quarter even though Ally's subvented...
