gmac Reviews and News

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GMAC Approves Sub-Prime Car Loans, Mankind Refuses To Learn From Past

THU, 2 APR, 2009

As part of a push to defibrillate flatlining new car sales in the USA, General Motors' financial arm GMAC has slashed fees, cut or delayed repayme...

Two Billion Dollar Dealer Finance Pool: But Not One Dollar Used

MON, 16 FEB, 2009

Many industry analysts - including the giant brains here at TMR – may have got things wrong on the effect of the withdrawal of GE and GMAC from ...

Ford Credit Exits Retail Finance; Dealer Floorplan Finance To Follow?

THU, 15 JAN, 2009

The assurance was given prior to the Treasurer's announcement in December of the AUD$2 billion Special Purpose Vehicle designed to fill the floorp...

Ford Credit Pulling Out Of Retail Financing

THU, 15 JAN, 2009

More bad news concerning the local car industry has hit the headlines today, with the announcement that Ford Credit is pulling out of retail finan...

Subaru And Esanda Form Subaru Finance Partnership

MON, 29 DEC, 2008

More good news regarding the Australian dealer finance situation has surfaced today, with the announcement that Subaru Australia and Esanda are pa...

Treasurer Releases Car Dealer Financing Information Guide; Ford Credit To Stay In Australia

FRI, 19 DEC, 2008

The Federal Treasurer Wayne Swan has released an Information Guide for Car Dealers on the Special Purpose Vehicle (SPV) funding facility, designed...

Federal Government Comes To Aid Of Car Dealers With Special Purpose Vehicle Financing Trust

FRI, 5 DEC, 2008

Many in the community are aware that the announced exit of GE and GMAC finance from the dealer wholesale finance market left a $2 billion ‘hole...

New Car Dealer Finance Crisis: Call for Leadership from Government

TUE, 25 NOV, 2008

As we have covered in some detail previously, many Australian new car dealers are facing their own credit crisis, with GE Money and GMAC Financial...

Battle To Avert New Car Dealer Collapses

WED, 19 NOV, 2008

  The bad news is set to worsen for the new car dealer sector.

Floor Plan Credit Crisis Will Hit Country Dealers Hardest

FRI, 14 NOV, 2008

The crisis affecting 'floorplan' credit to new car dealers is wider and deeper than many industry commentators realise.