November 13, 2008
New report indicates that failing economy will affect the auto finance market well into 2009.
Tags: Chrysler Financial, Ford Credit, GMAC, Moody's Investment Services, Toyota Motor Credit
October 14, 2008
The finance company said it would restrict car loans to U.S. consumers with credit of 700 and above.
Tags: credit report, economic conditions, GMAC, loans
Authoritative & Targeted! We offer e-newsletters that deliver targeted news and information for the entire fleet industry. Subscribe to one or all of them...they're FREE. SUBSCRIBE!
View the latest eNews DRIVING FORCE
By Mike Antich When looking ahead to the next 12 months, I foresee reduced operating costs for fleets offset by increased depreciation expense caused by anemic resale values and decreased incentive monies. Here’s why I believe this will be the case, along with other predictions for 2009.
By Mike Antich I can’t recall a year as tumultuous as 2008. The year started with the Jan. 1 termination of the $1.8 billion merger between GE and PHH and ended with the near bankruptcy of GM and Chrysler. In between, we witnessed record fuel prices, then a spectacular freefall in fuel prices, a dismal used-vehicle market, unprecedented credit gridlock, the inability of some fleets to order new-vehicles, and fleet delivery disruptions due to a UAW strike and an epic Midwest flood that submerged rail lines.
By Mike Antich
$10.00
In This Issue: TSD Turns 25, Defining Rent to Own, 2008 Travel Tax Study and much more…