Auto finance news - Americas

 
Jan 19, 2023: Global financial solutions provider, DLL, is proud to announce a floorplan financing partnership with Vanderhall Motor Works, Inc., a manufacturer of premium light mobility vehicles. DLL will serve as a preferred floorplan financing partner for Van...
 
Sep 03, 2021: Dutch-owned Stellantis is to pay approximately $285 million to acquire Houston-based First Investors Financial Services Group as the first step in creating a US-based finance arm. The company, formed at the beginning of the year from the merger of ...
 
Sep 16, 2020: With the subprime auto loan performance expected to deteriorate, many respondents to the latest Credit Chronometer from Davis & Gilbert LLP predicted that the pandemic would have a long-term impact on the sector. The report – named Participant...
 
Jun 18, 2020: US automotive insight provider Experian, provided an in depth look at outstanding loan balances, total risk distribution and delinquency rates for the first quarter of 2020. Furthermore, in the Q1 2020 State of the Automotive Finance Market, Melind...
 
Apr 22, 2020: Maven, the car-sharing service from General Motors, has announced it is to wind down operations. The announcement comes a month after the business suspended operations in response to the COVID-19 crisis, which accelerated the decision to close the...
 
Feb 28, 2020: Brazil has become the latest country to propose a ban on the sale of petrol and diesel cars, with a suggested date of 2030. The country’s Comissão de Constituição e Justiça (Constitution and Justice Commission – CCJ) approved the bill, which ...
 
Feb 06, 2020: Argentina’s vehicle production and sales have continued to fall amidst the country’s recession. Annual sales to dealers during 2019 were down 45.4% to 372,474 units according to local industry body ADEFA. The country’s vehicle production dropped 3...
 
Feb 05, 2020: Analyst Frost and Sullivan has predicted that the Latin American alternative fuel vehicle market will more than quadruple in the next five years. Its new report, Analysis of the Latin American Electric Vehicle Market, Forecast to 2025, predicts sa...
 
Jan 20, 2020: Eco-friendly vehicle start-up Fisker is aiming to rewrite the rules of finance with the launch of its Ocean electric SUV. Although the zero-emission car can be purchased outright for nearly $38,000 before tax incentives, the manufacturer is also o...
 
Sep 30, 2019: Fiat Chrysler Automobiles (FCA) and its US subsidiary FCA US are to pay $40 million in order to resolve a length probe by the Securities and Exchange Commission (SEC) over claims the companies mislead investors about monthly sales figures over a fi...

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