IRVINE, Calif. — Consumer Portfolio Services recently renewed its $100 million revolving credit facility with Citi. Under the amended terms, CPS explained the facility will revolve during the first two years and may amortize during the third year. The company indicated loans under the facility will be secured by automobile receivables that CPS now holds […] [Read More]

IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year.  Among the brands listed, domestic badges represented the top three as well as half of the 10 brands listed by CarFinance.com. The brand list included: 1. Chevrolet 2. Ford 3. […] [Read More]

COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. As part of the solution, executives highlighted that Experian's PowerCurve Strategy Management software can enable […] [Read More]

CARY, N.C. — With monthly payments weighing so heavily on potential vehicle buyers nowadays, CarMark Auto Finance is hosting a free webinar to highlight its residual-based finance program that can generate a financing option up to 40 percent lower than conventional financing. The free webinar is set for Tuesday at 2 p.m. ET. The session […] [Read More]

The number of Canadian dealers utilizing a multi-platform retailing strategy — selling cars on their lots and online — continues to grow every year. In fact, now it is rare to find a dealer that isn’t posting inventory on the Web. In light of this trend, IBIS World just released its “Online Car Dealers in […] [Read More]

As PROFIT magazine unveiled its 25th annual list of Canada’s fastest-growing companies, a familiar name in the country’s auto industry made the ranking this time around. Identified in the list is North Toronto Auction. The PROFIT 500 — which ranks Canadian businesses by their revenue growth over five years — is published in the summer […] [Read More]

What vehicles does warmer weather bring to mind? For families, the perfect road trip SUV might be on the wish list, while others might be looking for that perfect sports car to put the top down and head to the beach. Demand for these units might be ramping up if the latest installment of vehicle […] [Read More]

Spring has seen wholesale prices drop across the board, but one segment that has managed to retain its value throughout the season is now expected to experience positive growth. Though NADA Used Car Guide expects overall auction prices to fall by .2 percent (or $25) this week, relative to the two-week average, the large pickup […] [Read More]

vAuto and VinSolutions announced this morning the integration of their used-vehicle appraisal and pricing features for dealer customers who use both systems. [Read More]

More than 10,000 dealers are now utilizing the SiriusXM Pre-Owned Vehicle Program, and given this momentum, SiriusXM has opened up pre-enrollment for dealers in another program, the company announced Wednesday. Dealers can now pre-enroll for the company’s Service Lane Program, which launches this summer. This program offers two months of free SiriusXM subscription for qualifying […] [Read More]