Marcie Belles's Blog – March 2011 Archive (6)

Ally Files IPO Prospectus

Ally Financial Inc. filed an S-1 with the Securities and Exchange Commission today, in advance of an initial public offering expected in the second quarter.

Since gaining bank-holding-company status in December 2008, Ally has amassed $33.9 billion of deposits. At yearend 2010, it had $172 billion of total assets and $7.9 billion of total net revenue.

Here are some stats about Ally’s auto finance business, culled from the S-1:

• Ally services more than…

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Added by Marcie Belles on March 31, 2011 at 1:00pm — No Comments

Prepping for Supply-Chain Interruption

With Japanese manufacturing plants idled ― on the heels of a massive earthquake, tsunami, and nuclear disaster ― it’s only a matter of time before the ripple effect hits the U.S. auto industry.

So far, the slowdown in parts production has yet to disrupt U.S. vehicle production. For now, automakers have enough parts in stock to build cars. But rolling blackouts through much of the country have resulted in limited power use. Also, plants that produce the Toyota Scion xB and xD models… Continue

Added by Marcie Belles on March 16, 2011 at 2:38am — 3 Comments

Factoring Gas Prices into the Auction Equation

Lenders have been keenly focused on the recent unrest in the Middle East, wondering whether oil prices will spike like they did in the summer of 2008. One main consideration of higher gas prices is the ensuing shift in vehicle demand ― to compact cars from guzzlers. Yet a more subtle calculation that lenders have been making lately relates to remarketing.

You see, higher gas prices translate to heftier vehicle transportation costs. Though repossessed and off-lease vehicles have been… Continue

Added by Marcie Belles on March 11, 2011 at 1:59pm — 2 Comments

A Full-Spectrum Comeback

With an industry rebound in full swing, a number of companies are taking action to expand their finance offerings. GM Financial has started a lease program, which it hopes to offer to near-prime customers later this quarter, and ultimately to subprime customers, too. Capital One Auto Finance is exploring prime and near-prime offerings in an effort to better serve dealers looking for one-stop shopping.

A couple years ago, the industry was awash with full-spectrum providers, but the…

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Added by Marcie Belles on March 8, 2011 at 11:30am — 2 Comments

Date Set for 2011 Auto Finance Summit

The Auto Finance Summit, the premier event for the lending and leasing industry, will take place this year on Oct. 26-27, at the Encore at Wynn Las Vegas.

In its 11th year, the Auto Finance Summit is where auto finance executives go to network and learn about the challenges and opportunities facing the industry.

With the market rebounding, the 2011 Auto Finance Summit is poised to be our best ever. Sessions will focus on growth and innovation amid…

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Added by Marcie Belles on March 4, 2011 at 2:00pm — No Comments

Gauging Risk Volatility

In the past few years, the role of risk management has shifted dramatically. With the economy and the auto industry showing signs of improvement, we’ve set out to assess which risk factors will pose the biggest challenge for auto financiers this year.

Weigh in with your predictions by completing a 3-question survey. CLICK HERE TO PARTICIPATE.

All responses remain confidential, meaning that no response will… Continue

Added by Marcie Belles on March 1, 2011 at 1:00pm — 1 Comment