FORT LAUDERDALE, Fla. — AutoNation recently boasted that its new-vehicle sales for May showed a 22-percent jump year over year. Sales, as reported to the respective automakers, came in at 19,283. More specifically, the auto group said domestic sales were up 28 percent, coming in at 5,852. Import sales grew by 21 percent over last year, […] [Read More]

WASHINGTON, D.C. — The National Automobile Dealers Association continues to urge House and Senate conferees to keep finance options for car buyers affordable and accessible when considering legislation to overhaul the nation's financial system.   "The House and Senate sent a very clear and bipartisan message that Main Street auto dealerships should not be in a Wall […] [Read More]

CHICAGO — About a year after the automakers respectively filed for bankruptcy, there is still a large chunk of shoppers who are put off about the bailout money given to General Motors and Chrysler, but for most consumers, those bailouts don't appear to play a role in whether they would buy from either of these two […] [Read More]

WASHINGTON, D.C. — Continuing the downward push seen throughout the quarter, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in April. Federal officials pinpointed the average at 4.13 percent. The April rate is slightly less than what the Federal Reserve tallied for February and March. Officials determined […] [Read More]

DETROIT — GMAC recently revealed the 14 states where consumer financing for recreational vehicles made by Thor Industries now is available. The initial roll out includes such states as Alabama, California, Colorado, Florida, Georgia, Maryland, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington. RV dealers in these states now can accept retail finance applications for […] [Read More]

PARK RIDGE, N.J. — Hertz announced Monday that it has teamed up with Chase Auto Finance to offer its Hertz Rent2Buy customers financing options. Hertz Rent2Buy is the company's online car sales program that gives customers the option of taking a vehicle on a three-day test drive to decide if they would like to purchase it. Used-car […] [Read More]

CARY, N.C. — The deadline to nominate top subprime movers and shakers for special coverage in the July/August edition of SubPrime Auto Finance News is Thursday. Nominations can include auto finance executives and those with non-prime companies, in addition to special finance and buy-here, pay-here dealers, as well as other executives who work in the non-prime […] [Read More]

EL DORADO HILLS, Calif. — John Lewis' repossession career began as a field representative with Chrysler Credit back in 1982, and he has since been involved nearly all aspects of the recovery industry in California and beyond. Looking at how the industry behaves now is why this veteran is seeking to clarify what makes agencies reputable […] [Read More]

SHAKER HEIGHTS, Ohio — A violent crime reportedly committed in northeast Ohio is proving again how dangerous the repossession business can be. The U.S. Marshal's Office and two local police departments have a reward available in connection with the search for a woman who, among her long list of charges, allegedly conspired with two other men to […] [Read More]

MOUNT LAUREL, N.J. — Automotive Resources International recently claimed that senior remarketer Jim Jackson was the first-ever fleet management company professional to pass the International Automotive Remarketers' Certified Automotive Remarketer program. The CAR program aims to give outstanding remarketers formal recognition, and has doled out these honors to five individuals so far. To earn the certification, […] [Read More]