The climbing price at the pump is producing significant effects on what new- and used-vehicle shoppers are considering, according to the latest Kelley Blue Book Market Intelligence survey. KBB analysts explained that the current economic situation, coupled with concerns over the level of prices at the pump, has resulted in 70 percent of shoppers saying they have shifted their […] [Read More]

AOL Autos recently picked 11 used sedans the company believes are the best available for below $15,000. Ranging from the 2010 model-year back to 2004, this list has a representation from most major manufacturers — including a unit from Chevrolet, Ford, Honda, Nissan and Toyota. “Looking for a sedan? It’s amazing how many choices there are on […] [Read More]

Edmunds.com discovered purchase consideration for the Chrysler 300 nearly doubled after the automaker unveiled its redesigned model at this month’s North American International Auto Show in Detroit. The day after this Chrysler model was showcased to media in the Motor City, a total of 16.9 percent of shoppers researching vehicles in the large car segment checked […] [Read More]

General Motors said that it will be creating 750 jobs in the near future with its plans to bring in a third shift to the Flint Assembly plant in Michigan. In some good news for the state’s manufacturing sector, all of these positions will be given to laid-off auto workers.   The automaker intends to […] [Read More]

While many Americans will be intrigued to see who claims the NFL Championship, Subaru of America is asking people to spend part of their Super Bowl Sunday with their dogs. The automaker is using its own website and Facebook page to generate interest for its “Dog Tested. Dog Approved” campaign and the new Subaru Game Day […] [Read More]

STAMFORD, Conn. — Used by top auto lenders to best gauge consumer credit conditions given the current economic environment, VantageScore Solutions recently revealed the latest version of its credit scoring model. VantageScore 2.0 came through a production process orchestrated by each of the three credit reporting companies — Equifax, Experian and TransUnion.  The new solution was originally launched back […] [Read More]

DEARBORN, Mich. — SubPrime Auto Finance News recently learned that Ford Credit it is slated to close its Henderson, Nev., collections office in late March. A Ford Credit spokeswoman told SubPrime the office will close March 31 and "about 200 employees will be separated." She said the office primarily supports collections on delinquent accounts. Asked why […] [Read More]

SANTA MONICA, Calif. — Edmunds.com recently discovered that lenders handed out the lowest-ever average annual percentage rates on their auto loans in December. Site analysts found the average auto loan carried an APR of 4.16 percent, down 0.33 points from November and 0.55 points from December of last year. Furthermore, Edmunds.com estimated that 15.4 percent of all auto loans […] [Read More]

COLUMBUS, Ohio — In a discussion of Huntington Bancshares fourth-quarter results, management revealed that average consumer loans climbed by $500 million, driven largely by a $400 million uptick in average auto loans and leases. Auto loans and leases are up 7 percent over the third quarter, according to officials. "Fourth-quarter automobile loan production continued to reflect […] [Read More]

ARLINGTON, Texas —  SFG Finance — an active purchaser of auto finance receivables — revealed recently it has launched a contest for its brokers in an effort to ramp up funding and incentives. So, what’s the grand prize? SFG announced that the first place prize of a seven-day trip for two to Hawaii or a […] [Read More]