Edmunds.com analyzed APR data for loans that went through franchised dealership F&I offices in January and found rates for used-vehicle financing moved up slightly month-over-month but dropped year-over-year. Analysts pinpointed January's sequential rise at 0.08 percent while the year-over-year decrease ... [Read More]

NextGear Capital customers who want easier and faster sales financing for subprime customers will have it as a result of Manheim signing an agreement to purchase an equity stake in Go Financial, a subprime auto finance company. Officials highlighted today ... [Read More]

Earlier this week, CU Direct Connect launched its newly revamped website developed with the consumer in mind while still providing indirect auto lending services to credit unions and dealers in Colorado. Since the company believes it has tremendous relationships with ... [Read More]

The U.S. Chamber of Commerce recently followed the path forged by the American Financial Services Association, the National Automobile Dealers Association and other interested parties in questioning the new regulatory environment for indirect auto lending created by the Consumer Financial ... [Read More]

The state government affairs committee of the American Financial Services Association recently issued a white paper, focusing on a trend in vehicle franchise legislation that affects the relationship between automakers regulated financial institutions and franchised dealers related to the sale ... [Read More]

Indirect subprime auto finance company Skopos Financial recently expanded its base of franchised dealer partners by more than 120 percent. The company increased its presence across the United States with the addition of seven new states where the lender now ... [Read More]

In his latest commentary to help finance companies generate the most revenue and penetration out of the sale of add-on products, FNI Inc. president David Bafumo considered exactly what kind of consumer ends up buying these products in conjunction with ... [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley repeated the formula the company needs to reach a $2 billion portfolio: purchase $125 million worth of vehicle contracts each month. Simple enough, right? Well, Bradley acknowledged the path to ... [Read More]

The combination of two recent events — regulator enforcement action against Ally Financial and a study by a powerful consumer group — prompted FNI Inc. president David Bafumo to outline five points auto finance companies can consider when pricing add-on ... [Read More]

Compliance consulting company Auto Advisory Services announced who will become its new president while also revealing on Thursday that current president and principal Rob Cohen will remain as chairman. Joining AAS from the California New Car Dealers Association is Jonathan ... [Read More]