Monthly Archives December 2015

Ally Financial Partners with Beepi to Finance Used Cars

After revealing its plans to introduce limited direct originations in 2016 as part of its strategy to expand bank products, Ally Financial Inc. (ALLY – Snapshot Report) is now looking forward to offer consumer auto financing products for vehicles purchased on Beepi, an 18-month-old Internet-based used car retailer that delivers vehicles to buyers homes without […]

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Auto Finance Market Looks Healthy for Now

Wells Fargo We hosted a panel discussion on the state of the US auto finance market with representatives from Group 1 Automotive (ticker: GPI), Cox Automotive, Samp;P Ratings Services, the National Automobile Dealers Association, Wells Fargo Dealer Services and Wells Fargo ABS Research. Our primary takeaways were 1) subprime is not overextended; 2) used vehicle […]

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Moody’s upgrades Chrysler auto loan ABS issued between 2013 and 2015

Approximately $2.0 billion of asset-backed securities affected New York, October 26, 2015 — Moodys Investor Services has upgraded 11 and affirmed the ratings of 16 outstanding tranches issued from the 2013 through 2015 vintage transactions. The securitizations are sponsored and serviced by Santander Consumer USA Inc (SCUSA). Issuer: Chrysler Capital Auto Receivables Trust 2013-A Class […]

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Technicolor Seems To Be Painting A Bright Picture

As we approach the new year, we scanned for companies in France that have earnings as fine as their wine. We looked at companies that are performing well on our most comprehensive model, the Combined Alpha model, while weeding out those that may have poor credit or earnings quality. Five companies passed our screens, including […]

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Factors That Determine Auto Loan Approval

It can be hard trying to get approved for an auto loan with bad, thin or no credit. You therefore need to be aware of the major factors that dealers and lenders use when determining auto loan approval. Factors Lenders Use to Determine Auto Loan Approval At Auto Credit Express, we work with the largest […]

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Homeless men get a fresh start at Dover’s Bagley Hall

Walt Bagley was a man dedicated to helping others regain their human dignity. He always believed in giving people a second chance, noted Herb Konowitz, vice chairman of Dovers Interfaith Mission for Housing, a multi-faith group that provides shelter and other assistance for area homeless men. Walt always was on the lookout for the men, […]

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Wolters Kluwer Financial Services Adds F&I Express® eContracting To AppOne …

Joint Solution Enables Auto Dealers to Use AppOne to Verify Pricing and Contract Aftermarket Products to Originate Compliant Auto Loans Electronically Wolters Kluwer Financial Servicesannounced today it has teamed with Famp;I Express, a leading provider of digital Famp;I aftermarket product solutions to automotive dealers nationwide, to integrate Famp;I Expressreg;eContracting with its AppOne indirect loan origination […]

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BMW launches entirely online car buying service

BMW customers are now going to be able to choose, spec and buy their car entirely online in under 10 minutes, the manufacturer claims. It has today launched BMW Retail Online allowing consumers to arrange a test drive if necessary, agree financing options and payment method, and get a trade-in value for their own car […]

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