Enterprise Car Sales is now a preferred used-vehicle provider for Navy Federal Credit Union. As part of the agreement, Enterprise Car Sales and Navy Federal said they will periodically team up to offer promotions catered to Navy Federal members. In ... [Read More]

In an effort to continue to advance the adoption of digital technologies among automotive finance companies and dealers, Dealertrack recently announced that Ally Financial is now broadly available for eContracting through the Dealertrack platform. Dealers in 42 states currently have ... [Read More]

The concept of starting an in-house auto finance company in 2016 could be viewed as a curious one. There's the current auto lending regulatory landscape, plus the echoes of the late 2000s auto finance hurdles. But consider, for a moment, ... [Read More]

Overall vehicle depreciation for 2- to 6-year old vehicles is expected to reach 15 percent this year, representing an increase from the level of 13.2 percent experienced in 2015. That prediction arrived on Wednesday as Black Book and Fitch Ratings ... [Read More]

FactorTrust recently added a former top official at the Consumer Financial Protection Bureau to its board of directors Lending her expertise to the organization’s audit and risk committee is industry veteran Marla Blow, who now is founder and chief executive ... [Read More]

While currently holding the top market share position in retail auto financing, Ally Financial said late on Monday that it will appoint a new independent director to its board of directors in a strongly worded announcement where the chairman described ... [Read More]

According to the February Equifax National Consumer Credit Trends Report, 2015 marked another strong year for the auto loan market as originations increased year-over-year, while the mix of loans across the entire credit spectrum held for the fourth year in ... [Read More]

When Fitch Ratings reported recently that U.S. subprime auto ABS delinquencies ballooned to levels not seen in almost 20 years, the development sparked plenty of industry reaction. To clarify whether or not this market segment is in a profound tailspin, ... [Read More]

Vehicle financing continued to be one of the more bandied about topics on Capitol Hill in recent days. First, a member of the U.S. Senate introduced legislation to bring what the National Automobile Dealers Association called “transparency and accountability” to ... [Read More]

American Credit Acceptance and Westlake Financial Services agreed this week to provide a total of $7.4 million in relief to thousands of Massachusetts consumers over allegations by the state’s attorney general that they charged “excessive” interest rates on their subprime ... [Read More]