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GM Financial reported this week a decrease of about $200 million in North American consumer loan originations for the quarter. But there’s a reason for that, says the company’s chief executive.
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Below-prime financing surpassed pre-recession levels in the second quarter. But is this trend dangerous for the future health of auto finance?
Read More →Subprime approvals are climbing, which could bode well for the rest of the year. But dealers will have to beef up their marketing to get more buyers off the sidelines.
Read More →After hearing what one finance executive said about financing back-end products, the magazine’s front-line columnist decides to delve into the root of the dreaded ‘Line 5’ call.
Read More →Consumer credit increased at an annual rate of 1.1 percent, or $2.1 billion, in September, according to the Federal Reserve’s monthly report.
Read More →Consumer credit decreased at an annual rate of 1.7 percent in August, according to the Federal Reserve’s monthly report.
Read More →Borrowing among U.S. consumers fell for the fourth straight month in May, dipping by 4.5 percent, according to the Federal Reserve.
Read More →Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.
Read More →The F&I Forum comes up with a starting point for finance reform. The editor offers his opinion as well.
Read More →Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.
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