ATLANTA — With the subprime slice at levels “essential for a healthy economy,” the latest Equifax National Consumer Credit Trends Report indicated the total balance of auto loans midway through 2014 soared to a record high.
Sparked by a growth rate of more than 10 percent, Equifax said on Thursday the total balance of auto loans in finance company portfolios now stands at $902.2 billion.
Showing posts with label Auto News. Show all posts
Showing posts with label Auto News. Show all posts
Thursday, July 24, 2014
Thursday, March 20, 2014
Last Chance for NABD Boot Camp
Hands-On Training!
Learn first-hand all of the key financial and operational aspects of running a successful BHPH operation, and use the BHPH "Best Practices" you learn to increase your profits!
Attendees will receive
• Comprehensive Procedures Manual
• Employee Handbook
• Projection Software
• Tour of all iCars facilities
CALL NABD AT 832-767-4759 FOR INFORMATION
autonotebuyer.net
Learn first-hand all of the key financial and operational aspects of running a successful BHPH operation, and use the BHPH "Best Practices" you learn to increase your profits!
Attendees will receive
• Comprehensive Procedures Manual
• Employee Handbook
• Projection Software
• Tour of all iCars facilities
CALL NABD AT 832-767-4759 FOR INFORMATION
autonotebuyer.net
Tuesday, March 18, 2014
Finance Company Repo Rates at Highest Point Since 2010
SCHAUMBURG, Ill. -
Experian Automotive found that fourth quarter repossession rates at what analysts categorize as finance companies — operations that do not hold commercial deposits but make vehicle loans — rose to their highest point since 2010.
Fourth quarter repo rates for finance companies — which often cater to subprime buyers — jumped 76.3 percent year-over-year to 2.84 percent, according to Experian’s most recent State of the Automotive Finance Market report. That level is more than triple the industry average, which climbed by 42.8 percent to 0.65 percent in Q4.
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We Turn Auto Notes Into Cash!
sellautonotes.com
Experian Automotive found that fourth quarter repossession rates at what analysts categorize as finance companies — operations that do not hold commercial deposits but make vehicle loans — rose to their highest point since 2010.
Fourth quarter repo rates for finance companies — which often cater to subprime buyers — jumped 76.3 percent year-over-year to 2.84 percent, according to Experian’s most recent State of the Automotive Finance Market report. That level is more than triple the industry average, which climbed by 42.8 percent to 0.65 percent in Q4.
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We Turn Auto Notes Into Cash!
sellautonotes.com
Ally Names Dealer Services CEO
Ally Financial Inc. has named Jeffrey Brown, currently senior executive vice president of finance and corporate planning, to the role of president and CEO of the dealer financial services business.
In this role, Brown will have oversight for the company's leading automotive finance, insurance and auto servicing operations. He will continue to report to Ally CEO Michael A. Carpenter.
sellautonotes.com
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