Credit

JAMES B. TREECE

BLOG: How credit unions, as a group, will become the largest auto lender

11:45 am U.S. ET | June 3, 2015

Credit unions as a group, largely working through Credit Union Direct’s CUDL platform, are poised to become the largest single lender to auto buyers -- eventually. Here’s how....
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New car, truck loans reach longest term on record

12:31 pm U.S. ET | June 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....
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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

BLOG: 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

BLOG: 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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