Ford Credit Australia’s ham-fisted strategy behind its announcement that it is to exit consumer retail finance here, is put into clear perspective by news today from the US.

There, the US Treasury has announced that it will loan US Chrysler’s finance arm USD$1.5 billion to finance loans for consumers who want to buy cars from Chrysler [...]

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The bad news is set to worsen for the new car dealer sector. When GE and GMAC announced their intent to withdraw from dealer ‘floorplan’ financing, they set affected dealers a December 31 deadline to find alternative financing arrangements.

That deadline is coming at them like a train.

At least 30 percent, and possibly as many as [...]

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We recently brought you the shock news that GE Finance and GMAC Financial Services are withdrawing their services from the local car market at the end of 2008. What this means to the layman is that dealers who have been using either of the providers to finance their floor stock, are being left high and [...]

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