Credit Acceptance Securitization Deal Hits $300 Million
Southfield, Mich.-based Credit Acceptance Corp. is posting strong earnings for the fourth quarter of 2014 and boasting about a hefty ...
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Ford Credit Earns $1.9 Billion Profit in 2014
Ford Motor Credit ended 2014 with favorable earnings and a pre-tax profit of $1.9 billion for 2014. Profits for the ...
Ally Didn’t Expect to Be Cut Out of GM Leasing, Carpenter Says
Ally Financial Inc. was not surprised that General Motors Financial Co. wanted to grow as a captive, but it didn't ...
Fitch: Auto ABS Losses Down, But Subprime Warrants ‘Close Watch’
Auto loan ABS performance ended the year with a strong December: losses were down in both prime and subprime, month-over-month, ...
GM Financial to Use New Loan-Lease Platform to ‘Build Opportunity,’ COO Says
General Motors Financial Co. has combined its lease and loan operating systems, and will use those capabilities to “build opportunity” ...
Ally Auto Originations Hit $41 Billion in 2014
With $9 billion of loans originated in the fourth quarter of 2014, Ally Financial Inc. capped the year with $41 ...
Huntington Boosts Auto Lending in 4Q, Projects Soaring 2015 Auto Sales
About 16% of consumers said they will definitely purchase a car in 2015, according to a new survey by Huntington ...
CREDIT: Delinquencies Remain Low Even as Subprime Grows
DELINQUENCIES Auto loan delinquencies are on the rise, loan terms are getting longer, and as subprime auto lending continues to ...
