Credit

UK car sales boosted by cheap credit, but growth forecast to slow

Nov. 6, 2014 12:47 CET
UK car sales in October rose 14 percent but will likely slow as consumers brace for a rise in interest rates next year. Total new registrations are heading toward 2.46 million for this year, a return to pre-recession levels....
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GM says ratings upgrade will aid lending arm, support global sales push

12:34 am U.S. ET | Sept. 26, 2014
GM plans to leverage its return to investment grade, which could lower borrowing costs, by strengthening its lending arm, CFO Chuck Stevens said. GM was forced to sell control of its former GMAC lending arm to raise money, and it now has a smaller, more strategic, finance unit that is getting stronger....
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JIM HENRY

Auto finance industry still paying for past sins

12:01 am U.S. ET | Sept. 24, 2014
Consumer Financial Protection Bureau regulators seem to have a caricature of a plaid, polyester sport coat-wearing car salesman in mind when they talk about auto retailing....
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JIM HENRY

The case for casting a wider net with credit apps

12:01 am U.S. ET | Sept. 17, 2014
Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores....
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New VW Credit chief wants to expand floorplan footprint

12:01 am U.S. ET | Aug. 4, 2014
The new CEO of Volkswagen and Audi's finance arm wants to get more of each brand's dealers on its books....
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Q&A

BMW sees big growth potential in China for auto finance

June 18, 2014 06:01 CET
BMW sales in China have been boosted by the group's consumer finance unit, which was launched in the country four years ago. The carmaker's China finance boss, Uwe Stadtler, explained how BMW plans to expand the unit's business....
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Ford wants to expand credit lines to $12 billion, report says

2:04 pm U.S. ET | Feb. 26, 2014
Ford is seeking to expand its credit lines by $1.3 billion to $12 billion. The company is planning to raise a $9 billion revolving loan that expires in five years and a $3 billion financing pact that lapses in three years....
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Fiat faces hurdles to accessing Chrysler cash after merger

Feb. 17, 2014 12:59 CET
Fiat says its access to the cash of unit Chrysler, which it took full control of last month, was limited by a cap on dividends from the U.S. automaker and its debt covenants....
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Congress created tax break to fuel economic recovery

12:01 am U.S. ET | Dec. 2, 2013
During and after the 2008-09 recession, Congress enacted dramatically higher limits to the Section 179 depreciation tax deduction of business assets....
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How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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