DETROIT — Ally Financial revealed plans today to expand the offering of its flexible Ally Buyer's Choice product to 12 additional states this month. Ally Buyer's Choice debuted in five states in November and now is available in the following 14 states as of today: California, Florida, Illinois, New York, Texas, Michigan, Ohio, Pennsylvania, New […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in the non-prime, subprime and deep subprime categories. Experian indicated the largest percentage of increases were in […] [Read More]

LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one of its most popular sessions — the Industry CEO Panel — the list of speakers was just […] [Read More]

PHOENIX — DriveTime Automotive Group, which helps people with less than perfect credit get a vehicle, revealed to SubPrime Auto Finance News this week the launch of an indirect lending division doing business as GO Financial. In the subprime, buy-here, pay-here business, many auto analysts will point out that a finance company can be particularly beneficial […] [Read More]

Capitalizing on the popularity of reality TV and online gaming, Ford is rolling out a new campaign to push the Escape. This week, the Blue Oval began a search for a few dynamic, fun-loving individuals ready to compete in real-world challenges with the help of online followers — all while experiencing the all-new Ford Escape. […] [Read More]

If the Used/CPO Car Insights Report from AutoTrader.com is any indication, it appears the big winner in the certified pre-owned market last month was the luxury segment. Pushed by pent-up demand and the strong cross-shopping trend of consumers browsing both new and used models, luxury CPO vehicles — along with new luxury rides — showed […] [Read More]

High Gear Media recently revealed its picks for “Best Cars to Buy 2012.” The three cars that made is onto the company’s list were the Ford Focus, the Porsche 911 and the Toyota Prius. The choices were made by editors from High Gear Media’s sites — The Car Connection, Motor Authority and Green Car Reports. [Read More]

 Is the glass half full or half empty? Perhaps it only requires just a bit more of what’s already in it. I will admit, in the past I was a bit of an optimist when it comes to inventory challenges. In other words, I would buy from my gut based on what inventory was in […] [Read More]

With franchised dealers eager to be the landing spot for off-lease units, Edmunds.com assembled a trio of reasons why it might be prudent to end a lease early. Senior consumer advice editor Phil Reed explained how recent changes have created equity in vehicle leases in his study called, “3 Ways to Turn Your Lease into […] [Read More]

Predicting a 4- to 6-percent spike in used-vehicle values into early next year, Kelley Blue Book came out Tuesday and strongly suggested that consumers make the move now if they’re looking to purchase a used model. The refilling of the industry’s used supply via off-lease and off-rental models will likely be limited in early 2012, pushing prices up. […] [Read More]