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Tag: auto loans
Loan delinquencies on subprime auto loans haven't been higher in the U.S. since 1996.
2016-03-17 10:30:53| Auto Dealers - Topix.net
A peak in delinquencies by subprime borrowers is adding to concerns that the current strong automotive sales cycle in the U.S. could be facing obstacles. Fitch Ratings reported that the rate of subprime automotive loans overdue by more than 60 days rose to 5.16% in February.
US new auto loans on record levels
2016-03-04 16:01:35| Auto Dealers - Topix.net
The average amount of a new-vehicle loan in the United States are higher than ever, according to the latest report from Experian Automotive. The auto market is keeping its upward trend in the United States, even after it reached record levels in 2015.
Tags: auto
record
levels
loans
Bank of America revs up auto loans business despite warning signs
2016-03-03 12:07:35| Auto Dealers - Topix.net
The bank tapped mortgage executives Matt Vernon and John Schleck to lead the auto lending business last May, saying they would be able to sell auto loans alongside other products such as checking accounts and home equity loans. In interviews, the executives and their boss, D. Steve Boland, who oversees a broad swath of consumer lending, said they still see room for growth from borrowers who have good credit.
Tags: business
auto
america
bank
Auto loans in PH faces bright future, says Online Car Portal
2015-10-04 18:31:02| Auto Dealers - Topix.net
ACCORDING to startup firm Carmudi, car loans in the country will continue to grow at a double-digit rate with 25-percent increase in the first quarter of 2015. In a recent Whitepaper event, the company report the growth of car financing in the Philippines as well as other emerging markets.
Surge in car loans pushes auto debt above $1 trillion for first time
2015-08-13 21:21:37| Auto Dealers - Topix.net
Robert Schemer, his wife, Kelly, and their son Graham, 9, pose next to their newly purchased pre-owned 2013 Ford Flex Limited, at the Star Ford Lincoln dealership in Glendale on July 2. At right is sales consultant Allan Calix. Robert Schemer, his wife, Kelly, and their son Graham, 9, pose next to their newly purchased pre-owned 2013 Ford Flex Limited, at the Star Ford Lincoln dealership in Glendale on July 2. At right is sales consultant Allan Calix.