Lessors Get Tough on End-of-Term Fees
With auction prices for sport-utility vehicles in a tailspin, lessors have started to assert greater control over the lease-end process, ...
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Lenders Rein in Travel, Technology Costs
Auto lenders are trimming the fat from their budgets as declining loan volume pressures profits. “Everybody is in cost-cutter mode,” ...
Sweeping Changes
Banks, captives, and independent finance companies have been curbing originations and trimming staffs as they struggle to navigate the difficult ...
Time Bound: Chrysler Given “10 Years” for Turnaround
You've got to hand to it Cerberus Capital Management. The private equity company buys two of the world's largest automotive-industry ...
Stressing the Stress Tests
Though losses in auto loan- and lease-backed securitizations have reached — or, in some cases, exceeded — their long-term averages, ...
Dealers Ditch 4x4s as Values Plummet
Parker’s Car Price Guide has reported “no demand” among used car buyers for petrol 4x4s, especially with V8 engines. Owners ...
Lenders Face Huge Losses From the Glut of Gas Guzzlers
Auto financiers are bracing for higher losses — and there’s little they can do about it. High-priced fuel has all ...
Lenders Face Huge Losses From the Glut of Gas Guzzlers
Auto financiers are bracing for higher losses — and there’s little they can do about it. High-priced fuel has all ...
