Posts
Ally Financial Launches Innovative Vehicle Financing Product
DETROIT — Ally Financial Inc. launches Ally Buyer’s Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles. Ally Buyer’s Choice is an innovative financing
Nov 3, 2011
Nicholas Financial Reports Record 2nd Quarter Results & Quarterly Dividend
Clearwater, Florida – Nicholas Financial, Inc., that for the three months ended September 30, 2011 net earnings increased 39% to $5,520,000 as compared to $3,982,000 for the three months ended September 30, 2010. Per share diluted net earnings
Nov 3, 2011
Hyundai Turns Up the Heat on Toyota and Honda in the Certified Pre-Owned (CPO) Arena
ATLANTA — The rise of the Korean automakers in the wake of Toyota and Honda’s struggles earlier in the year has been well documented on the new-car front, but it appears that these Japanese automakers may soon be facing stiff competition
Nov 3, 2011
Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today’s Economy
ATLANTA — Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. Auto finance lenders haveoutpaced bank and credit union lending to su
Nov 3, 2011
CarGurus Used Car Price Index Down 1.7% This Fall
CAMBRIDGE, Mass. — CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used
Nov 3, 2011
Ally Financial Reports Net loss of $210 million
NEW YORK — Ally Financial Inc. (Ally) reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pr
Nov 3, 2011
Dollar Thrifty Automotive Group Reported Net Income of $66.6 Million
TULSA, Okla. — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2011. Net income for the 2011 third quarter was $66.6 million, or $2.13 per diluted share, compared to net income
Nov 3, 2011
BMW Certified Pre-Owned Sales Down
In October, sales of BMW used vehicles (including certified pre-owned and pre-owned) totaled 13,262, a decrease of 4.4% from the 13,867 sold in October 2010. Year-to-date, BMW used vehicle sales are down 5.5% on volume of 132,686 compared to 140,468
Nov 3, 2011
Equifax: Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels
ATLANTA — Equifax’s latest National Credit Trends Report shows that Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion posted pre-recession in 2006 according to the most recent Equifax Nation
Nov 3, 2011