Captive Finance Companies

Outstanding auto loans hit record

2:54 pm U.S. ET | Feb. 9, 2016

The outstanding U.S. auto-loan balance climbed to a record $987 billion in the fourth quarter on rising vehicle sales, Experian Automotive said in part one of its quarterly State of the Automotive Finance Market report. Finance companies and credit unions led the increase.... Read More »

Ford Credit tests group leasing

12:01 am U.S. ET | Jan. 11, 2016

Ford Motor Credit Co. will launch a leasing pilot program next month in Austin, Texas, that allows families and small groups of friends and neighbors to share a Ford vehicle.... Read More »

5 trends to watch in 2016

10:30 am U.S. ET | Dec. 30, 2015

Checking our crystal ball, here are five F&I trends to watch in 2016.... Read More »

HANNAH LUTZ

BLOG: 2016 will bring more compliance chatter

10:30 am U.S. ET | Dec. 30, 2015

While compliance is a tired word, it will likely continue to be a pillar of auto finance in 2016 and beyond.... Read More »

Insights, tips from our F&I webinars

10:19 am U.S. ET | Dec. 30, 2015

This year, Automotive News hosted F&I webinars on security, leasing, crime and products. Here is a sampling of the tips we gleaned and insights we learned.... Read More »

Q&A: KYLE BIRCH, GM FINANCIAL

Next step in GM Financial's agenda: Loan growth

12:01 am U.S. ET | Dec. 30, 2015

GM Financial now provides services for customers across the full credit spectrum, not just nonprime.... Read More »

HANNAH LUTZ

BLOG: Is F&I disruptor's plan worth the risk?

12:01 am U.S. ET | Dec. 23, 2015

Dealer-owned captive financing sounds like a promising idea for retailers, but is it worth the risk?... Read More »

Retailers put the brakes on starting captives

12:01 am U.S. ET | Dec. 23, 2015

Retailers interested in starting their own captive finance companies are finding the undertaking challenging and expensive. Some prominent dealership groups have turned away from the prospect.... Read More »

Hyundai, Kia buying captive finance stake from GE Capital

6:53 am U.S. ET | Dec. 23, 2015

Hyundai Motor and Kia Motors are bulking up their stakes in the automakers' captive finance company by buying shares held by GE Capital.... Read More »

A DOZEN DISRUPTORS

Erik Day: Bringing F&I in-house

12:01 am U.S. ET | Dec. 21, 2015

A dealer finance executive proposes a retailer-owned captive finaDay is now finalizing plans for an in-house, dealer-funded finance company at Warren Henry, a Jaguar Land Rover and Infiniti dealer, bringing together funding sources for new- and used-car leases, loans and insurance products. Once his plan comes together, Step 2 will be enlisting other U.S. retailers. nice approach.... Read More »

GM Financial to open servicing center in Texas

3:24 pm U.S. ET | Dec. 17, 2015

General Motors' captive finance company will open a financial servicing center in San Antonio early next year, pending state approval. It plans hire 490 employees there.... Read More »

Loans, leases to rise in 2016 as delinquencies hold steady, TransUnion says

11:45 am U.S. ET | Dec. 16, 2015

Next year will be a strong year in auto finance, with auto loan and lease balances rising as delinquencies remain low, TransUnion forecasts.... Read More »

F&I contest competitors home in on tech

12:30 pm U.S. ET | Dec. 16, 2015

Technology, customer retention and insurance plans were on students’ minds during the first F&I Innovator of the Year competition co-sponsored by Northwood University and EFG Cos.... Read More »

Extended loan terms pose risk to lenders, finance experts say

12:30 pm U.S. ET | Dec. 16, 2015

Subprime lending is not putting the auto finance industry at risk, but extended loan terms could be, industry experts say. Extended terms appear to be positive for the industry now because they enable consumers to buy a more expensive car and still keep monthly payments low, but they could become a drag down the road, a new report says.... Read More »

December is hot for luxury deals

12:15 pm U.S. ET | Dec. 16, 2015

More luxury cars are purchased in December than in any other month, largely because of holiday deals. And although luxury buyers tend to have high credit scores, the majority lease as a way of keeping payments down, Experian Automotive says.... Read More »

Captives add share, helped by leases, factory incentives

12:01 am U.S. ET | Dec. 14, 2015

Captive finance companies' share of the new-vehicle loan market continues to rise, hitting 52 percent in the third quarter, thanks to subvented loans and cash incentives from their automaker parents. An interest rate hike expected this month could push captives' share even higher as automakers subvene deals, experts say.... Read More »

Q&A: KYLE BIRCH, GM FINANCIAL

Next step in GM Financial's agenda: Loan growth

12:01 am U.S. ET | Dec. 14, 2015

GM Financial now provides services for customers across the full credit spectrum, not just nonprime.... Read More »

Retailers put the brakes on starting captives

12:01 am U.S. ET | Dec. 14, 2015

Retailers interested in starting their own captive finance companies are finding the undertaking challenging and expensive. Some prominent dealership groups have turned away from the prospect.... Read More »

U.S. House passes bill revoking CFPB auto lending guidance; Senate, Obama pose hurdles

12:01 am U.S. ET | Nov. 25, 2015

A bill that would limit the U.S. Consumer Financial Protection Bureau’s 2013 auto lending guidance passed the House of Representatives last week by a 332-96 vote. But the bill faces an uphill battle in the Senate and from President Obama.... Read More »

Ally sees progress, gains despite GM setback

1:00 pm U.S. ET | Nov. 4, 2015

Despite an overall drop in auto originations resulting from a loss of some GM business, Ally's third-quarter financial results were positive, Ally executives say. Ally said it gained in all business channels in the quarter save its GM subvented loan and lease business, part of which GM is shifting to its captive GM Financial.... Read More »

GM Financial's global lease originations surge 252%

11:30 am U.S. ET | Oct. 21, 2015

GM Financial's worldwide lease originations soared to $6.2 billion during the third quarter, a 252 percent climb from the year earlier period. The surge comes after General Motors began using its captive as its sole provider of subsidized leases earlier this year.... Read More »

VW appoints Santelmann head of finance arm

6:33 am U.S. ET | Oct. 16, 2015

Volkswagen has appointed Lars-Henner Santelmann as new head of its finance arm, Volkswagen Financial Services, the carmaker said Oct. 16.... Read More »

HANNAH LUTZ

BLOG: Different challenges, but these 2 finance companies move forward

11:45 am U.S. ET | Oct. 7, 2015

GM Financial is rising strongly. And Ally Financial is still standing despite its shattered ties to General Motors.... Read More »

GM counting on big profits from parts and accessories, GM Financial

2:24 pm U.S. ET | Oct. 1, 2015

General Motors expects to pad its bottom line in coming years from substantial growth in its captive finance arm and its parts and accessories business.... Read More »

Captives, independents see solid gains in auto loan, lease accounts

1:00 pm U.S. ET | Sept. 23, 2015

The number of loan and lease accounts is growing faster at auto finance companies than it is at banks, helped by finance companies' lower interest rates and higher subprime lending, Equifax says.... Read More »

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