A Look at the Incentives Automakers Hope Will Save the Industry
Permalink
Daily auto finance news

A Look at the Incentives Automakers Hope Will Save the Industry

Automakers are inventing new incentives that buyers have never seen before. With sales tanking and…

Continue Reading →

FICO’s New Auto Score Will Help Lenders Predict 5 to 15% More Potential Car Loan Delinquencies
Permalink
How credit score affects auto loans

FICO’s New Auto Score Will Help Lenders Predict 5 to 15% More Potential Car Loan Delinquencies

FICO announced last week its newest FICO scores targeted specifically to the auto lending and…

Continue Reading →

GM Plus Segway Equals Project P.U.M.A.
Permalink
Daily auto finance news

GM Plus Segway Equals Project P.U.M.A.

GM has partnered with Segway to build a prototype two-seat electric vehicle. The Personal Urban…

Continue Reading →

With Infusion of Money, Finance Companies are Starting to Approve More Buyers’ Car Loan Requests
Permalink
Daily auto finance news

With Infusion of Money, Finance Companies are Starting to Approve More Buyers’ Car Loan Requests

After an infusion of $7.5 billion in financial aid to GMAC and Chrysler Financial, the…

Continue Reading →

Ford Shrinks Debt by $9.9 Billion
Permalink
Daily auto finance news

Ford Shrinks Debt by $9.9 Billion

Ford announced Monday that it will reduce its automotive debt by $9.9 billion by successfully…

Continue Reading →