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Report: Credit Unions Are Focusing More on Indirect Auto Lending
The study finds that at a growing rate, credit unions are forming alliances with dealers to offer new-vehicle financing, representing nearly 10 percent of loans being issued in dealerships -- up from nearly 7 percent in 2005 and 3 percent in 2004.
News Headlines
- Consumer Portfolio Services Joins RouteOne 12/20/06
- Report: Credit Unions Are Focusing More on Indirect Auto Lending 12/20/06
- Producer Prices Surge in November; Inflation Back? 12/19/06
- Some Counties Ease Up on Car Repossessions Over Debt 12/18/06
- AmeriCredit to Acquire Competing Subprime Auto Lender 12/5/06
- GM Completes Sale of Majority Interest in GMAC 12/4/06
- Thrifty Car Sales Partners With myAutoloan.com 12/1/06
- Credit Acceptance Announces Completion of $100 Million Asset-Backed Financing 11/22/06
- Collection Agency Launches Alternative to Charge-Offs and Repossessions 11/21/06
- Ford Motor Credit Company Restates 2001-2005 Financial Results 11/14/06
- Auto Loans Are Acceptable Debts According To Christian Web Poll 11/13/06
- GMAC Targets Nov. 30 as Closing Date for Stake Sale 11/10/06
- Ford Credit Subsidiary Settles Discrimination Case for Nearly $2.5 million 11/9/06
- Oregon Voters Defeat Credit Scoring Bill 11/9/06
- AmeriCredit Expands and Extends Credit Facility 11/1/06
- Ford Credit Cutting 2,000 Jobs, Shuttering Offices 9/29/06
- Volkswagen to Expand Car Loans Business in China 8/11/06
- ChoicePoint Acquires Insuratec, Expands Insurance Services Offerings 7/17/06
- Repossessions, Loan Defaults on the Rise 7/11/06
- Auto Finance Roundtable and Healthcare Financial Management Roundtable to be featured at Debt Connection Symposium and Expo 2006 6/19/06
- New Device Ensures Car Buyers Make Payments on Time 6/13/06
- Los Angeles Consumers File Class Action Lawsuit Against Used-Car Dealer 6/1/06
- Latino Credit Union Conference Features L.A.-Based Auto Dealer Network 5/30/06
- Chase Auto Finance Salutes Outstanding Efforts of Recovery Partners 5/26/06
- New Auto Loan Service Offers Fast Online Car Financing 5/23/06
- Capital One Shares Fall on Analyst Note 5/18/06
- More Trucks Being Repossessed — But They Resell Quickly 5/17/06
- AmeriCredit Resumes Automobile Lending in Canada 5/12/06
- AmeriCredit Completes Acquisition of Bay View Acceptance Corporation 5/2/06
- Scotiabank Buys $272.5 million in Car Loans from Ford Credit Mexico 4/18/06
- Wachovia, Westcorp Auto Finance Operations Begin to Coalesce 4/13/06
- Autoland Expands Call Center to Support Credit Unions' Growing Member Bases 4/5/06
- Ford Credit Canada Sells $1billion in Loans 3/31/06
- Equifax Joins Forces with AutoTrader.com to Help Consumers Check their Credit 3/29/06
- GMAC to Restate Financial Results, Casts Doubt on Sale 3/29/06
- Investor Group Completes Acquisition of Majority Stake in GMAC Commercial Holding Corp 3/23/06
- Ford Offering Interest-free Financing on Hybrids in Two U.S. Markets 3/17/06
- New Investor Group Enters $12.5 billion Bid for GMAC 3/15/06
- Indirect Auto Lending Made Faster, More Efficient With APPRO DealerTrack eContracting Interface 3/7/06
- BB&T to Acquire Texas-based Nonprime Auto Finance Company 2/17/06
- Cerberus Group takes Lead in GMAC Talks 2/16/06
- Wachovia-Westcorp Deal gets Final Approval 2/14/06
- Automotive Finance Corporation Acquires 15-Percent Interest in Finance Express 2/7/06
- Hyundai to Provide Credit as It Diversifies 2/7/06
- AmeriCredit Signs Agreement with Finance Express Auto Finance Program 2/3/06
- Cerberus, Citigroup among Bidders for GMAC 1/30/06
- AmeriCredit 2Q Earnings Climb 34 Percent 1/24/06
- Ford Motor Credit Earns $2.5 Billion In 2005 1/23/06
- State Proposal Aims to Change Repossession Process 1/17/06
- Strategic Partnership to Deliver Enhanced Auto Loan Underwriting Services to Credit Unions and Dealers 1/9/06
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