Cars.com unveiled the site’s annual American Made Index Monday, and for the third consecutive year the Toyota Camry took the top spot. The Camry, which is assembled in Georgetown, Ky. and Lafayette, Ind., is followed by the Honda Accord and the Chevy Malibu, which were ranked No. 2 and No. 3 respectively. This year’s list […] [Read More]

CHADDS FORD, Pa. — Flagship Credit Acceptance announced today it plans to purchase existing non-prime and subprime auto loan portfolios ranging from $5 million to in excess of $250 million from dealers and finance companies throughout country.  The portfolio acquisition program will target paper with the following range of characteristics:  —Non-prime and subprime portfolios. —Portfolios ranging from $5 million to […] [Read More]

IRVINE, Calif. — Following a successful rollout in California last month, CarFinance Capital — a new, specialized provider of indirect non-prime auto financing for dealers — is now making its service-oriented program available in Texas. Led by an experienced team that previously built Triad Financial into one of the largest U.S. auto finance companies, CarFinance […] [Read More]

HAUPPAUGE, N.Y. — GrooveCar — one of Long Island's largest dealer marketing products and indirect lender of auto loans — recently invited Long Island credit union members and the general public to take advantage of its annual vehicle sale, which officially kicks off July 15. During this event, more than 100 Long Island-based dealers participating […] [Read More]

PLANO, Texas — Now that the company has successfully weathered the capital markets storm, Capital One Auto Finance president Kevin Borgmann explained to SubPrime Auto Finance News his division is ramping up growth via new dealer relationships and hiring associates. In addition to expanding and deepening relationships with franchised and top independent dealers via its Diamond […] [Read More]

Repo agencies and other debt collectors readily acknowledge that using newer communications outlets such as email, text messages or even Facebook might be a strong pathway to reaching the debtor and collateral. But a pair of legal experts warned agents and collectors about the pitfalls that could come by using these communication methods incorrectly. John […] [Read More]

MVTRAC has formalized a strategic alliance with National Creditors Connection, a field contact services specialist. As the newest member of the MVTRAC Network, executives explained NCCI will assume on-site inspection responsibilities for the license plate recognition technology provider. MVTRAC highlighted that NCCI specializes in customer contact and information gathering through personal face-to-face contact solutions. Comprised […] [Read More]

ADESA opened the doors to its new Las Vegas auction recently with a kick-off sale that included gifts for attendees, a pre-sale reception and more. The facility — which is located 10 miles north of the Las Vegas strip — will host sales each Thursday and feature consignment from local dealers and national consignors. [Read More]

Ohio State’s football program has taken a pounding this spring in light of NCAA allegations that are continuing to unfold, counting a head coach as one of their losses. OSU’s first chance for an on-field victory won’t come until the season opener on Sept. 3 against Akron, but the Buckeyes scored an off-the-field victory last […] [Read More]

A total of just 10 automakers posted less than the industry average of 107 problems per 100 vehicles, a rate that has J.D. Power and Associates wondering about the trend quality of newly launched models every year from 2007 to 2010. These assertions came courtesy of J.D. Power’s 2011 U.S. Initial Quality Study, which said […] [Read More]