Big 3 Web credit plan will be free to dealers

Kisiel, Ralph
May 2002
Automotive News;5/20/2002, Vol. 76 Issue 5984, p14
Trade Publication
Focuses on the introduction of Web-based credit application system by the Big 3 captive finance companies in Detroit, Michigan. Submission of online credit applications to the finance companies; Accessibility of the system for automobile dealers; Use of the system by banks and credit unions.


Related Articles

  • Dealers give highest marks to European captives. Henry, Jim // Automotive News;9/24/2001, Vol. 76 Issue 5949, p18 

    Reports the dominance of European captive finance companies in the automobile dealership satisfaction survey in the United States. Rank of Audio Finance Services in loan and lease satisfaction; Increase of VW Credit assets; benefits of captives on sales and market share in the United States.

  • Captive conundrum.  // Automotive News;12/14/2015, Vol. 90 Issue 6703, p0033 

    The article presents the pros and cons that automotive retailers planning to start a captive finance company should consider.

  • New lenders for megadealers. Henry, Jim // Automotive News;12/25/2000, Vol. 75 Issue 5909, p18 

    Focuses on the emerging dominance of captive finance companies in the loan market for automobile dealers in the United States. Trend exemplified by Ford Motor Credit Co.; Types of loan agreements entered by dealers; Viability of the business according to observers.

  • Competitors' Lowball Offers Put Dealer Relationships To Test. Birch, Ray // Credit Union Journal;3/15/2010, Vol. 14 Issue 11, p10 

    The article reports that the lowball offers by bank and captive finance firms test the relationship between credit unions (CUs) and automobile dealers. It states that the CUs adjust their practices and policies to sustain the relationship, and provide dealers with pricing and loan flexibility,...

  • Captive reaches beyond core BMW brand. Harris, Donna // Automotive News;2/12/2007, Vol. 81 Issue 6242, p26 

    The article reports on the action of BMW of North America Inc.'s captive finance company to launch the Alphera Financial Services, that expands its services to other vehicle lines of BMW dealers. BMW Financial Services CEO Ed Robinson asserted that they aim become the only financial services...

  • Chase targets near-prime vehicle buyers. Harris, Donna // Automotive News;7/10/2006, Vol. 80 Issue 6211, p29 

    The article reports that Chase Automotive Finance is expanding its near-prime vehicle lending in an effort to take dealer business away from automakers' captive finance companies. The near-prime market consists of car and truck buyers with midrange credit scores. Near-prime lending accounts for...

  • Toyota opens bank that hopes to mimic GMAC. Harris, Donna // Automotive News;10/11/2004, Vol. 79 Issue 6116, p46 

    The article reports that Toyota's captive finance company is opening a bank that benchmarks General Motors Acceptance Corp. (GMAC). Toyota Financial Services wants its Toyota Financial Savings Bank to emulate GMAC's success at offering home mortgages and other products, as well as vehicle...

  • Chrysler Financial riles non-floorplan dealers. Wernle, Bradford; Truett, Richard; LaReau, Jamie // Automotive News;11/5/2007, Vol. 82 Issue 6280, p1 

    The article informs that Chrysler Financial Corp.'s new policy is making it tougher for automobile dealers who do not finance inventories with the captive finance arm. As per the policy, non-floorplan dealers who sell vehicles through the company will be reimbursed more slowly for retail and...

  • M-B captive hikes online sales of off-lease cars. Sawyers, Arlena // Automotive News;10/27/2014, Vol. 89 Issue 6644, p18 

    The article reports that Mercedes-Benz Financial Services has experienced an increase in online sales to dealerships in the U.S. after the captive finance company enhanced the features of its mbondemand.com remarketing channel.


Read the Article


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

Try another library?
Sign out of this library

Other Topics