Fleet, SUV Sales Buoy November SAAR

November’s seasonally adjusted annual rate of light vehicle sales climbed 1.2% year-over-year, to 17.5 million units, and that benefitted car manufacturers heavy with sport-utility vehicles in their product lineup. “The car-to-SUV ratio, on the monthly sales, were about 70% light trucks, SUVs, van, and pickups, and only 30% cars,” Edmunds Data Strategy Manager Jeremy Acevedo told […]

Auto Finance Feels the Pressure of Fed’s Rate Hikes

Major automakers are reporting declines for U.S. sales as signs of tightening credit conditions are adding pressure to financing options for consumers.  Ford, Toyota, Nissan, and Honda all reported sales declines in September of 11.2%, 10.4%, 12.2%, and 7%, respectively. Though Hyundai sales rose 0.6%, sibling brand Kia was down 1.8%, according to sales reports. […]

Chinese Ride-Hail to Raise $1.6B ABS for Lease Partners

Chinese ride-hailing company Didi Chuxing received approval this week from the Shanghai Stock Exchange to securitize $1.6 billion of leases originated by some of its partners. Didi acts as a middleman between leasing companies and Didi’s ride-hail drivers. The timing of the first $47 million issuance is unknown. “The [leasing] companies can use the funds […]

5 OEMs Offer Low-Rate Incentives for Independence Day

With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales.   Auto Finance News took a look at the current offers in the market. Here are five financing promotions heating up the market: 1. Toyota Motor Corp. Toyota […]

Ally Financial Joins Other Auto Lenders Offering Free Credit Scores

Ally Financial announced it would make free Fico scores available to auto loan customers later this month, as well as adding customer Annual Percentage Rates to online account profiles. Ally is also making available a secure email feature on the site so customers can send and receive account information and documents. “In the digital world, […]

Highlights from the New York International Auto Show

As the 2015 New York International Auto show draws to a close, we bring you some of the vehicular highlights that will find their way to the dealership in the near future. Honda’s Civic Revival Stung by criticism of the current-generation Civic (Consumer Reports went so far as to drop the model from its list […]
  • Auto Finance News
  • April 13, 2015
  • Archives

Hyundai Capital Gives Customers Free Fico Scores

Hyundai Capital America is offering its customers free access to their credit scores, according to a press release. Hyundai Motor Finance and Kia Motors Finance customers will receive free scores on a quarterly basis as a part of the Fico Score Open-Access program, the captive announced yesterday. This is as an extension of a promotion […]
  • Monica Link
  • February 24, 2015
  • Strategy

Incentives Poised For Steady Rise in 2015

Incentives have long been a tool used to drive vehicle sales, and with new-car growth slowing and interest rates set to rise, manufacturers may double down on incentive spending in 2015. Incentive amounts as a percent of MSRPs may hit 12% this year, up from the 10% range since 2010, according to an Auto Finance […]
  • Larissa Padden
  • January 7, 2015
  • Strategy
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