Fort Worth-based AmeriCredit announced this week that it had successfully issued $500 million in securities backed by subprime car loans.
Continue Reading »Email sent to dealers outlines plans for the switch that is set to take effect on October 1st.
Continue Reading »In the most recent study conducted by Benchmark Consulting, the Nonprime Auto Financing Survey shows FICO scores rising and LTV ratios dropping.
Continue Reading »Highlights of the latest report from AmeriCredit include a 4th quarter net loss of $150 million and quarterly pre-tax income of $13 million, excluding goodwill impairment and restructuring charges.
Continue Reading »According to New York-based Fitch Ratings, the U.S. automotive lending market has yet to see the light at the end of the economic tunnel.
Continue Reading »According to a new study by AutoCount, the longtime leader in auto lending has taken a back seat to its Japanese rival.
Continue Reading »In its most recent report to stockholders, Fort Worth, Texas-based subprime auto lender AmeriCredit reported a fourth quarter net loss of $150 million. In addition, the lender announced a cessation of operations in Canada as well as an end to its leasing and direct lending operations.
Continue Reading »In a recent SEC filing, HSBC noted that a decision was made in July to discontinue new motor vehicle loan originations from the dealer and direct-to-consumer channels. These changes will take effect on August 6th.
Continue Reading »With many of the major players pulling out of leasing, it might be time to expand your dealership?s lending horizons by getting into special finance.
Continue Reading »New Dallas ? based lender enters the subprime auto lending field with experience at the helm.
Continue Reading »Page 4 of 7
3252 University Drive, Suite 250
Auburn Hills, MI 48326
Phone: 888-535-2277
Fax: 248-370-6601
Phone: 888-535-2277 - Fax: 248-370-6601
Auto Credit Express and the ACE logo are registered trademarks. The contents of all material available on this web site are copyrighted unless otherwise indicated. Content may not be reproduced, downloaded, disseminated, or transferred, in any form or by any means, except with the prior written agreement of the Auto Credit Express 3252 University Drive, Suite 250 - Auburn Hills, MI 48326.
By using this site, you agree to be bound by our Terms of Use, Privacy Policy, Supplemental Terms, and Cookie Policy. Do Not Sell My Personal Information