Toyota Financial Services Issues Auto Industry’s First-Ever Asset-Backed Green Bond
Mar 24, 2014
Bond Proceeds to Fund Consumer Loans and Leases for Toyotaâs Leading Portfolio of Green Vehicles March 24, 2014 TORRANCE, Calif., (March 24, 2014) â Toyota Financial Services (TFS) issued the auto industryâs first-ever Asset-Backed Green Bond in the amount of $1.75 billion. The offering was upsized from ... Continue reading
New Cars Unaffordable in All But One Major Metro Area
Mar 12, 2014
A median-income household can only afford the average-priced new car or light truck in one of the 25 largest U.S. metropolitan areas, according to research released today by Interest.com. Washington, D.C. leads the list for a second straight year, followed by San Francisco and Boston. Two Florida cities (Tampa and Miam ... Continue reading
Mar 11, 2014
SAN DIEGO--Strategic Vision shares results from its New Vehicle Experience Study to shed light on the truths about Gen. Y and new vehicle purchases. There are many contributing factors to the issue of slumping new vehicle sales (from 10% of market share in 2007 to 8% in 2013) by younger buyers who are generally under t ... Continue reading
The Top Ten Most Purchased Vehicles By Below-Prime Customers for 2013
Mar 10, 2014
CarFinance.com today released data on the top ten new and used vehicle choices for its below-prime car buyers for 2013.[1] With below-prime car buyers predicted to be one of the driving forces behind U.S. auto sales growth in 2014[2] â and subprime auto loans accounting for more than half of used auto and a quarte ... Continue reading
Auto loans are still first choice in financing, but leasing has become more popular than ever
Mar 4, 2014
Experian Automotive today announced that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006. According to its latest State of the Automotive Finance Market report, Experian Automotive ... Continue reading
Renault Offers Some Sweetheart Deals
Mar 4, 2014
Renault announces the Renault Romance Season with seductive offers across its range of cars and vans ahead of the new 14-registration plate in March. Starting on Valentineâs Day with the launch of the âRestart Your Heartâ television campaign with the chic Clio supermini, filmed in Paris, the city of love ... Continue reading
GM Card from Capital One Celebrates Reward Milestone
Feb 27, 2014
DETROIT â General Motors today announced that the GM Card from Capital One, an automotive rewards credit card, has passed the seven-million mark in Cardmember vehicle redemptions. GM Cardmembers accumulate earnings with each purchase, which can be redeemed to buy or lease a new GM vehicle. Thomas E. Jama Sr.â ... Continue reading
Auto Buyers Are Committing to Leasing and Long-Term Loans at Record Levels
Feb 27, 2014
The use of long-term loans and leasing for new-vehicle retail sales is on pace to reach record levels in February, according to an analysis by J.D. Power. Long-term loansâclassified as loans that are 72 months and longerâaccount for 33.1 percent of new-vehicle retail sales in February 2014, according to data ... Continue reading
Toyota Financial Services Drives Efficiency with Automotive Loan Origination System from Fiserv
Feb 24, 2014
Fiserv, Inc. , a leading global provider of financial services technology solutions, announced today that Toyota Financial Services (TFS) has successfully used its Automotive Loan Origination System (LOS) to implement electronic contracting (eContracting), allowing dealerships to begin to phase out paper contracts, inc ... Continue reading
New Civic Tourer is available from just £239 a month in UK
Feb 10, 2014
New Civic Tourer is available from just £239 a month ⢠With zero percent APR representative ⢠Comprehensive five-year care package and metallic paint option for an additional cost of just £20 per month The all-new Honda Civic Tourer, featuring the largest boot space in the compact family-estate-car clas ... Continue reading
Jan 27, 2014
Despite an auto sales turnaround over the past year, new-car dealers still face major industry and regulatory challenges, said David Westcott, the outgoing chairman of the National Automobile Dealers Association. âLast year, we faced a new threat to dealer-assisted financing and our business model,â said W ... Continue reading
Ally and TIME Announce 2014 TIME Dealer of the Year
Jan 27, 2014
Ally Financial and TIME are pleased to announce that Jeff Teague of Teague Ford Lincoln in El Dorado, Ark. has been selected as the 2014 TIME Dealer of the Year. Teague was selected from an elite group of 56 U.S. dealers who were recognized at the 97th annual National Automobile Dealers Association (NADA) Convention & ... Continue reading
Ally's Relationship Management Center Launches Preapproval Option
Jan 23, 2014
Ally's Relationship Management Center (RMC) has launched a new feature that gives auto dealers the ability to send customers firm offers of credit. The RMC is an online lead generation platform that enables dealers to create and send high-quality direct marketing campaigns quickly and affordably with a few clicks of th ... Continue reading
Equifax Reports Strongest Auto Origination Volume in Eight Years
Jan 22, 2014
Equifax Reports Strongest Auto Origination Volume in Eight Years ... Continue reading
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