Lenders squash Y2K bug

Harris, Donna
October 1999
Automotive News;10/25/1999, Vol. 74 Issue 5845, p30
Trade Publication
Reports on the readiness of captive finance companies to process car loans starting January 1, 2000. Problems related to the Year 2000 (Y2K) bug for dealerships using obsolete computers; Finance business within the automobile industry as one of the first sectors to prepare for the Y2K bug.


Related Articles

  • F&I Digest.  // Automotive News;3/26/2001, Vol. 75 Issue 5922, p24i 

    Reports on developments concerning captive finance companies in the automobile industry as of March 26, 2001. Key AutoFinance Group's acquisition of the automotive commercial-lending portfolio of GE Capital Auto Financial Services; First American Corp.'s agreement to acquire Credit Management...

  • The difference between banks and captives.  // Automotive News;10/4/2010, Vol. 85 Issue 6432, p12 

    The article presents the author's opinion on the difference in the role of banks and captive finance companies in retail and wholesale automotive financing.

  • Captives may gain as other lenders quit. Henry, Jim // Automotive News;12/25/2000, Vol. 75 Issue 5909, p18 

    Enumerates case examples illustrating trends that can boost the automobile loan business of captive finance companies in the United States.

  • Heavy Traffic in Auto Loan Market.  // Credit Union Executive Newsletter;3/13/2006, Vol. 32 Issue 5, p4 

    The article discusses the crowded and competitive atmosphere of the auto loan market in the U.S. According to a recent issue of "Bank Marketing News", financial institutions still have opportunities in a market that had been dominated in recent years by the car manufacturers' captive finance...

  • Tough going for captives.  // Automotive News;5/27/2002, Vol. 76 Issue 5985, p22 

    Reports on developments in the automobile industry in the U.S. as of May 27, 2002. Conditions of captive finance companies; Automobile loans and leases in Chase Auto Finance Corp.; Net income of subprime automobile lender Credit Acceptance Corp.

  • Captive Financing Gains Clout. Keller, MaryAnn // Automotive Industries;Jan2001, Vol. 181 Issue 1, p15 

    Deals with the decision of financial institutions/lenders in the United States to curtail their retail auto lending and leasing activities. Reasons behind the decision of General Electric Capital to curtail its retail auto lending and leasing activities; Impact of the decision on automakers'...

  • Manufacturers' Mandates Driving Changes In Indirect Lending.  // Credit Union Journal;7/25/2005, Vol. 9 Issue 29, p14 

    Reports on the recent risk alert of the National Credit Union Association regarding third-party, subprime indirect lending, and mandates coming down from automobile manufacturers to the captive finance companies in the U.S. Concern of indirect lending providers that credit unions may decide they...

  • Leasing stages a comeback, sort of. Sawyers, Arlena // Automotive News;1/12/2009, Vol. 83 Issue 6342, p6 

    The article reports that new-vehicle leasing is creeping upward after taking a nose dive late last summer. Data compiled by Edmunds.com and J.D. Power and Associates show that leasing represented roughly 13 to 14 percent of new-vehicle sales in December 2008, up a couple of percentage points...

  • GM must have a rock-solid finance source.  // Automotive News;1/12/2009, Vol. 83 Issue 6342, p12 

    The article presents author's comments on General Motors Corp.'s (GM's) need to have its own captive finance company. The author says that the need for a reliable source of retail and floorplan financing was never more evident than during the credit crunch that began last year. The author states...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics