General Motors Seen Tightening Integration With Captive Amid Leadership Changes

General Motors‘ latest executive management change appears to be part of a push for integration between the OEM and captive finance arm GM Financial, Jeremy Acevedo, Edmunds‘ manager of industry analysis, told Auto Finance News. Chief Executive Mary Barra is taking charge of GM Financial, according to several reports. GM’s President Dan Ammann, who had been overseeing […]

Despite Decline in November, Interest Rates Set to Rise, Edmunds Says

The auto industry is bracing for a 25-basis-point increase in interest rates later this month, but a boost in 0% financing deals reduced average APRs in November, according to data provider Edmunds. Average APRs on new vehicles fell to 6% in November from 6.2% in October, according to Edmunds’ Third-Quarter Used-Car Market Report. Zero percent […]

Used-Car Values: How Lenders Manage Unexpected Appreciation

Roughly two years ago, the automotive market and the economy were heading for a peak year where lenders were aggressive, competition was stiff, and the economic environment was gaining strength. Since then, lenders have taken their foot off the gas, the economy has stabilized, and lenders have operated business as usual — while used-car values […]

‘Huge’ Potential for China Auto Finance Growth Draws Wide Interest

SHANGHAI ­— Regardless of the global tariff war, Chinese automotive financing executives are looking to work with their counterparts around the world, especially in the United States. That was the undercurrent truth to come out of the inaugural Auto Finance Summit Asia here today. The U.S. executives repeatedly said the same thing: If there are […]

0% Financing on the Decline as Interest Rates Rise

Financing deals in July with 0% interest were at their lowest levels since 2005 and are down 439 basis points year over year, according to a new report from Edmunds. Zero percent financing deals accounted for 6.95% of sales in July, down from 11.34% compared to the same time last year. Typically, the summer is […]

18 Subscription Programs That Are Changing Auto Finance

Subscription programs that allow for more flexible vehicle ownership could wind up being a bust, but if investments from just about every major OEM on the market, a handful of startups, and numerous dealerships are any indication, this is a fad that will be around for some time to come.    What “flexible ownership” means […]
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