Tag Archives: lose

When NBA legend Larry Bird would enter the league’s three-point shooting contest, he’d confidently ask: Who’s playing for second place? According to Experian, when it comes to new-vehicle auto originations right now, captive lenders are Bird and banks and credit unions are playing for second place. Efforts to slow the …

Aggressive incentives bolstered the new-vehicle market in May, dragging down the average interest rate on a loan to its lowest level since 2013, Edmunds said. But as the parade of finance deals marched through Memorial Day, fewer buyers took the bait. The economic pressure caused by measures to slow the …

Justin SullivanGetty Images Rental giant Hertz had been attempting to avoid a bankruptcy in recent weeks, sparked by a significant drop in airline and other travel due to the coronavirus pandemic. Among the companies that stand to lose business in this domino effect are automakers. Bloomberg reports that Hertz has …

Justin SullivanGetty Images Rental giant Hertz had been attempting to avoid a bankruptcy in recent weeks, sparked by a significant drop in airline and other travel due to the coronavirus pandemic. Among the companies that stand to lose business in this domino effect are automakers. Bloomberg reports that Hertz has …

The captive finance arms of General Motors and Ford Motor Co. likely face multibillion-dollar losses linked to the dramatic drop in used-vehicle prices, JPMorgan Chase & Co. analysts said. Prices are falling faster and steeper than JPMorgan was expecting, lead analyst Ryan Brinkman wrote in a report Monday, citing mid-month …

Volkswagen Credit Inc. will waive up to six months of payments, up to $ 750 per month, for qualified customers who purchase a new vehicle and lose their job because of the coronavirus outbreak. “This global pandemic and the economic uncertainty that came with it has many of us facing …