Tag: Finance

By on December 9, 2014

 

Credit Unions will now be able to follow up with applicants who were unable to procure loans, and see if they pursued credit at other institutions, thanks to a new service from Equifax.

(Read More…)

By on October 24, 2014

B0oyWtvIYAAnU-2

Today’s Chart comes from J.D. Power, showing the growth of long term loans in the Canadian car market. While 96 month loans are just starting to hit American consumers, the 8 year loan terms have been present in the Great White North for some time. A friend was recently looking at a modestly equipped Big Three Pickup, which would be used for work. The truck, with an MSRP of $35,000 CAD (plus 13 percent sales tax), was offered at 96 months for 3.99%. That would have added up to $6,000 in interest payments over the loan term.

(Read More…)

By on October 3, 2014

FEDERAL-MOGUL CORPORATION LOGO

ZF Friedrichshafen is buying TRW; JCI sold its automotive business to Gentex and Visteon. Are we in a new era of supplier M&A activity? The previous wave didn’t work out well – Dana, Tower, Dura, Lear and others ended up in Chapter 11.

So how about Federal-Mogul? They too went on an acquisition binge in the late 1990s, including the British firm T&N. In the process they took on debt, with a $2.75 billion package just for the T&N purchase. As with others, they bit off more than they could chew. Federal-Mogul’s downfall however wasn’t operational issues but one T&N factory that had used asbestos. The accompanying $1 billion-plus in costs tipped them into Chapter 11, and it took until 2007 – 6 years – for them to emerge. So where are they heading?

(Read More…)

By on September 18, 2014

cfpb-consumer-financial-protection-bureau

New rules being announced by the Consumer Financial Protection Bureau would mean that the captive finance arms would be subject to oversight from the CFPB.

(Read More…)

By on August 9, 2014

partner-with-us

Following GM Financial’s subpoena from the Department of Justice, Santander Consumer said that it had received a subpoena as well related to

“production of documents and communications that, among other things relate to the underwriting and securitization of nonprime auto loans since 2007,”

 

(Read More…)

By on August 7, 2014

subprimechart

The topic of subprime auto loans has been a hotly contested one at TTAC, with numerous commenters defending both the practice and the stability of recent run-up in subprime lending.

(Read More…)

By on July 25, 2014

445x350x20subprime-blog480-445x350.png.pagespeed.ic.uIhvuYIPjL

Buried in a feel good story about auto loans comes the news that subprime auto loans are at levels that we haven’t seen in nearly a decade.

(Read More…)

By on July 3, 2014

20140701_auto2

The Office of the Comptroller of the Currency, a government entity that regulates and supervises banks, is sounding the alarm regarding risks related to auto loans.

(Read More…)

By on June 27, 2014

download

While perusing Chevy’s website to see if there is any color of the 2014 Corvette that actually makes the car look halfway decent, I came across the financing offer pictured above. And, no, I did not enter any personal info that would lead GM’s captive Ally Financial (or whoever the hell GMAC is now) to deem me only eligible for such a high interest rate. Just what is going on here?

(Read More…)

By on June 23, 2014

550x365xtesla-model-s-logo-550x365.jpg.pagespeed.ic.C2rTVvi0LG

A recent research note from Morgan Stanley dubbed Tesla the “world’s most important auto maker”, on account of its innovation in the area of electric vehicles, autonomous cars and connectivity. Could there be another reason for such enthusiasm?

(Read More…)

By on June 19, 2014

logo_toyota_credit_a

OEM captive financing arms are increasing their share of new car loans, with banks resorting to underwriting riskier loans in the used car market and to less credit-worthy buyers.

(Read More…)

By on June 2, 2014

MK-CC261A_CarAd_G_20130408211241

The easy-credit train keeps on rolling in the auto world, with credit rating agency Experian reporting new records in key auto finance metrics.

(Read More…)

By on May 14, 2014

450x304xavenger1-450x304.jpg.pagespeed.ic.pDSlDpswsq

New technology is allowing buyers with no credit score – due to a lack of credit history or a personal bankruptcy – to get vehicle financing via examination of documents like the payment history of their cable or cell phone bill.

(Read More…)

By on April 8, 2014

550x365xtesla-model-s-logo-550x365.jpg.pagespeed.ic.C2rTVvi0LG

After setting up a retail lease program, Tesla is now moving closer towards a full-fledged captive financing arm, by launching a financing unit for corporate leases.

(Read More…)

By on February 27, 2014

nikola-tesla

Tesla’s shares roared to over $250 on Tuesday February 5th, amid release of financial results. Tesla’s 8-K regulatory filing highlights a record 6,892 Model S’s sold, non-GAAP earnings of $46M ($0.33 on a per share basis), and projected vehicle delivery growth of 55% among others. The shares are currently trading just above the $260 during after-hours trading.

(Read More…)

Recent Comments

  • Ryoku75: No problemo, I was just putting that out there for the site maintenance folk to see. I suppose I deserve it...
  • brandloyalty: People are happy to pay more for cuv’s out of respect for the backs of the assembly line workers...
  • brandloyalty: I’ve found recently that if I have more than one ttac tab or window open, logging on will fail. I...
  • AVT: To me, this car died when they renamed it the q70 and dropped the fx50. I really liked the original generation...
  • I_like_stuff: Am I supposed to hate Tesla more now that it has 1500 options?

New Car Research

Get a Free Dealer Quote

Staff