CARY, N.C. — Two auto industry leaders who have close relationships with Rick Hackett, the assistant director of the Consumer Financial Protection Bureau whose jurisdiction included vehicle financing, shared nothing but glowing assessments of the regulator who announced he was ... [Read More]

SANTA MONICA, Calif. — While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That's according to the 2013 Edmunds.com ... [Read More]

IRVINE, Calif. — This week, Consumer Portfolio Services closed its second term securitization of the year. The transaction is CPS's ninth senior subordinate securitization since 2011. In the transaction, the company highlighted that qualified institutional buyers purchased $205 million of ... [Read More]

HAUPPAUGE, N.Y. — Officials from cuautocoupon — a company intent on generating more vehicle financing business for dealers and credit unions — recently announced the signing of three Long Island credit unions to their growing network. The new additions include ... [Read More]

NEW YORK — Analysts who compile the S&P/Experian Consumer Credit Default Indices found a steady pattern for May as the auto loan rate moved marginally while the composite reading remained unchanged. S&P Dow Jones Indices and Experian determined May's auto ... [Read More]

NEW YORK — Fitch Ratings explored the potential ramifications on used-vehicle values and the impact on recoveries as the auto leasing origination market soars, reportedly spiking by as much as 248 percent in May alone. Fitch contends that continued competition ... [Read More]

LAKE SUCCESS, N.Y. — Along with introducing a new online trade-in appraisal tool, Dealertrack Technologies is hosting a free webinar titled, "Your Top 5 Compliance Concerns for the Summer." The session is scheduled for 2 p.m. ET on Thursday. On ... [Read More]

ARLINGTON, Texas — The National Independent Automobile Dealers Association announced its endorsement of an F&I service for independent dealers it called "best in class." Named by the NIADA as a National Member Benefit Partner is Vantage Finance, the only company ... [Read More]

DAVENPORT, Iowa — Triggered by new solution capabilities, ProMax Unlimited, a Web-based subprime financing software provider, highlighted the growth trajectory it is enjoying this year. Company officials contend they are on track to have more than 2,000 dealers using their ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials ... [Read More]