"Though new-vehicle sales have gotten off to a slow start in 2010, higher anticipated volume should prop up loan and lease originations”
New York, NY (PRWEB) May 6, 2010
2009 will go down as one of the worst years for auto finance, according to the newly released 2010 Auto Finance Big Wheels report. However, the report forecasts that auto finance should rebound this year.
"Though new-vehicle sales have gotten off to a slow start in 2010, higher anticipated volume should prop up loan and lease originations,” according to the report, which also ranks the Top 100 auto finance companies in the nation. “As the unemployment rate inches lower, delinquency rates will come down, further improving industry fundamentals in 2010."
Taking the No. 1 spot in auto finance in 2009 was Ford Motor Credit Co., even as its portfolio shrank 18.3% year-over-year to $72.1 billion, according to Auto Finance Big Wheels. GMAC, Toyota Motor Credit Co., Chase Auto Finance, and Bank of America Dealer Financial Services rounded out the Top 5.
Big Wheels is the definitive tabulation of automotive lending and leasing activity in the nation. The report, compiled by Auto Finance News senior editor and research analyst Marcie Belles, features an exclusive listing of the Top 100 auto lending and leasing companies ranked by originations and outstandings, includes comprehensive contact information for each, and, for the first time this year, includes a forecast for 2010 originations.
Auto Finance News, a twice monthly newsmagazine for the auto finance industry, has released the report annually since 1999. The report uses proprietary mathematical formulas to determine the most accurate rankings.
For more information about the report, please contact Royal Media Group at info(at)royalmedia(dot)com. Marcie Belles is available to provide expert commentary on results of the Auto Finance Big Wheels Report, the automotive financing industry as a whole, or the state of its top players. She can be reached at 713-270-9956 or mdbelles(at)royalmedia(dot)com.
Reporters may receive access to the data by emailing autofinancenews(at)royalmedia(dot)com. Any data from the report should be source to the “Auto Finance Big Wheels Report.”
ABOUT AUTO FINANCE BIG WHEELS
Auto Finance Big Wheels is an annual ranking of the nation’s Top 100 automotive lending and leasing companies by Auto Finance News, the industry leading information resource. Auto Finance Big Wheels has been published annually since 1999 and remains the only comprehensive ranking of auto finance companies in the US. The report includes comprehensive contact information for the Top 100 auto finance companies and forecasts for auto originations in the current year. Go to http://www.bigwheelsdata.com for the report.