Industry News

Auto Affordability Shows 4Q Drop in Post-CARS Market -- February 09, 2010
DALLAS — Thanks largely to end of CARS, auto affordability took a significant hit in the fourth quarter of 2009, as it required ... [ Full Story ]

Fitch: Domestic Suppliers' Credit Quality to Improve in 2010; Europe to Struggle -- February 09, 2010
NEW YORK — In its analysis of how 2010 is likely to unfold, Fitch Ratings suggested that credit quality for domestic vehicle suppliers should ... [ Full Story ]

AmeriCredit Announces $600 Million Asset-Backed Securitization -- February 09, 2010
FORT WORTH, Texas — Late last week, AmeriCredit Corp. announced the pricing of a $600 million offering of automobile receivables-backed securities. This securitization is through lead managers ... [ Full Story ]

AWARE Updates Educational Quiz on Auto Financing -- February 09, 2010
WASHINGTON, D.C. — An organizing body of lenders, Americans Well-informed on Auto Retailing Economics (AWARE), has released an updated version of its consumer education product. The latest edition of the Auto Financing Tune-Up Quiz is meant to ... [ Full Story ]

GMAC Says Auto Service Business Made Strong 4Q Improvements -- February 04, 2010
NEW YORK — Positively impacted by gains in net financing revenue, GMAC reported Thursday that, based on preliminary results, its global automotive services business posted ... [ Full Story ]

Is BHPH Right for Franchise Dealers? -- February 04, 2010
HOUSTON — Franchise dealers enter 2010 with many of the same challenges they have faced for the last 24 months: 1) excess facilities, 2) slumping vehicle sales, 3) decreasing average credit scores of their customers, 4) tougher credit approvals from financing sources, and ... [ Full Story ]

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