With the auto industry in the midst of a financial crisis, it is hard to believe that any company can survive.
In fact, some of the world’s best-known automotive finance companies have collapsed in the last few years.
Here are some of our favorites.
Read More » The first company to suffer the financial crisis was the Japanese automaker Honda.
This was in 2006 when the Japanese company lost $30 billion in market value.
The second-biggest auto finance company to lose money was Toyota.
Toyota’s stock plummeted by more than 30% during the 2008 crisis, and it took several years before it recovered.
But it was during the global financial crisis that the company made its biggest move in recent history.
Honda announced in 2009 that it would take over American Honda Finance, which had been in operation since 2007.
After years of consolidation, American Honda is now a subsidiary of Honda Finance.
It is now one of the largest auto finance companies in the world.
Read more » At the time of its sale to Honda, American Automotive Finance had $3.3 trillion in assets and $1.7 trillion in debt.
That was enough to cover a combined total of more than $10.6 trillion.
With a $9.2 billion profit, American Auto Finance made a profit of $1,890 per share in 2017.
The company is the biggest automaker in the United States, with a market cap of $27.5 billion.
It is worth noting that American Automobile has an incredibly profitable financial position.
Its stock is up over 10% in the past year alone, and its revenue has nearly tripled in the same period.
American Automotive is owned by the American Insurance Association, which is a member of the S&P 500 Index.
This is the largest insurance industry in America.
Read more »American Automobile is also a member, or a major shareholder, of the U.S. Securities and Exchange Commission (SEC), which is the nation’s largest investment bank.
American Automobiles shares have risen over 40% in 2017, and the company has a market capitalization of more $10 billion.
Read a summary of the American Automobiles stock market performance by company, year, and market cap