Financial News

Consumer Portfolio Services Inc. earned less money and had lower revenues in the fourth quarter, but the effect of the 2017 tax cut caused the company to swing to a…
Santander Consumer USA and Chrysler Capital are offering eligible customers who sign up for paperless statements as of April 1 the chance to win a $10,000 grand prize or one…
The Federal Trade Commission has completed its first review of the CAN-SPAM Rule, which establishes requirements for commercial email messages and gives recipients the right to opt out of receiving…
The Manheim Used Vehicle Value Index declined to 135.4 in January, down from 137.6 in December, but up from 131 in January 2018. This was the second consecutive month-over-month decline…
General Motors Financial Co. announced income from continuing operations before income taxes of $416 million for the fourth quarter. That is down from $498 million for the third quarter and…
Auto finance balances showed an increase in the Federal Reserve Bank of New York’s Center for Microeconomic Data’s recently issued quarterly report on household debt and credit. The balance increased…
Autotrader.com recently named its 10 Best CPO Cars and 10 Best CPO Luxury Cars for 2019. The top mass market vehicles are:2015-2018 Chevrolet Tahoe2016-2018 Honda Civic2016-2018 Hyundai Sonata2013-2017 Jeep Wrangler2016-2018…
Tightening credit conditions and rising vehicle prices continued to squeeze consumers in January, according to Edmunds. Due in part to an evaporation of 0-percent financing deals, the average annual percentage…
Santander Consumer USA Holdings Inc. announced net income for the fourth quarter of $104 million. Total auto originations for the quarter were $6.9 billion, up 59 percent. Core retail auto…
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