Financial News

Credit Acceptance Corp. recently announced the completion of a $500 million asset-backed non-recourse secured finance deal. Credit Acceptance contributed finance contracts having a net book value of approximately $625.1 million…
Interest rates on new vehicle finance are expected to soar to their highest point in eight years in February, according to Edmunds. The annual percentage rate on new financed vehicles…
The Conference Board Consumer Confidence Index increased in February, following a modest increase in January. The Index now stands at 130.8, up from 124.3 in January. Consumers’ outlook for the…
The estimated average transaction price (ATP) for light vehicles in the United States was $35,444 in February, according to Kelley Blue Book. New-vehicle prices have increased by $722 (up 2.1…
Nicholas Financial, Inc. has joined with the National Independent Automobile Dealers Association as a Bronze-level National Corporate Partner. With local branch offices in every market Nicholas services, the company has…
CU Direct Connect (CUDC) achieved record indirect auto funding of more than $2.61 billion in 2017.
Funding increased by 11.1 percent for the year, while shareholder book value increased by…
Santander Holdings USA Inc. announced results as of the early participation date for its previously announced cash tender offer (for up to $400 million in aggregate principal amount of its…
Auto finance origination volume reached the highest level ever observed by Federal Reserve Bank of New York last year.
Nicholas Financial Inc. announced that Chad Steinorth will be rejoining the company as vice president and interim chief financial officer, effective March 1.

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