Wall Street hands automakers another problem, in the loan marketApril 7
With both bad loans and interest rates rising, lenders are becoming more selective in doling out credit for new-vehicle purchases, adding to the pressure for automakers already facing sliding U.S. sales, swelling inventories and a used-car glut.
Aston Martin plans debt refinancing as it revamps product rangeMarch 31
VW extends $21.2 billion loan to weather diesel fall-outNov. 28, 2016
VW Group has agreed to extend a 20 billion-euro ($21.2 billion) bank credit line, which is part of the automaker's efforts to maintain its financial strength while it counts the full cost of its diesel emissions scandal.
Targeting credit cards, loans can help capture workMay 16, 2016
By offering financing for service work, dealerships can capture work that otherwise might go elsewhere. But it's not always easy to get service departments to offer financing or to get customers to accept it, dealers and others agreed.
GM, Ford have underestimated vulnerability to recession, analyst warnsFeb. 24, 2016
New car, truck loans reach longest term on recordJune 1, 2015
The average length of loans for new and used vehicles in the U.S. in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive says.