Dealers in Limbo With Stalled Wachovia Buyout
With the acquisition of Wachovia Corp. up for grabs, the bank’s auto finance unit is poised to lose loan volume....
Obama Puts Auto Finance Woes Front and Center During Presidential Debate
Barack Obama, the Democratic candidate for president, put auto finance woes in the spotlight during his debate last night with...
Rating Agency: Chrysler Loan Performance Faring Worst Among Big Three
The loan performance on three Chrysler asset-backed securitization deals issued since the beginning of 2007 is worse than expected, according...
GMAC Tightens Origination Criteria
In yet another sign that the credit crisis is strangling the auto finance sector, GMAC yesterday announced that it would...
Cap One Stops Floorplanning in 2 States
Capital One Financial Corp. announced today that it would stop offering floorplan loans to dealers in New Jersey and New...
Standard and Poor’s Warns of Possible Bankruptcy for Ford, GM, Chrysler
Standard & Poor's today warned that General Motors, Ford Motor Co., and Chrysler LLC could be headed for bankruptcy protection....
Can Rate Cuts Cure Auto Finance Woes?
The Auto Finance Summit is still going on in Las Vegas, and already the core message of this year's gathering...
Locator Technologies launches LienDex™
Locator Technologies has just launched a new feature that is affordable and efficient. LienDex™ is a program that will allow...
