CARY, N.C. — As the calendar approaches the midpoint of 2013, lenders, dealers and service providers are getting a clearer picture about just how unusual this year's tax season was for the used-vehicle industry. Among the perspectives collected by SubPrime ... [Read More]

SCHAUMBURG, Ill. — As new-vehicle leasing hit record levels, Experian Automotive's latest analysis showed how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report released on Tuesday, Experian ... [Read More]

BEAVERTON, Ore. — Westlake Flooring Services recently entered into an agreement with Quiktrak, an asset verification and inventory audit solutions provider to handle the auto finance company's field auditing services. Officials highlighted Westlake has experienced tremendous growth in just a ... [Read More]

NORWALK, Conn. and TORONTO — Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital's Canadian fleet portfolio. The deal the companies entered would also result in Element ... [Read More]

RALEIGH, N.C. — FNI president David Bafumo recently studied what he believes are the three most important sections relevant to auto finance companies and dealers from the examination manual issued by the Consumer Financial Protection Bureau. Bafumo dissected more than ... [Read More]

ATLANTA — Manheim chief economist Tom Webb gave some examples of retail sectors that might give a "true sense of the psyche of many used-vehicle buyers." So what kinds of businesses should dealers and finance companies watch besides traffic to ... [Read More]

DEARBORN, Mich. — Captive finance companies, OEMs and more have the victims of the recent Oklahoma tornadoes top of mind, donating money for relief efforts and deferring payments for customers in the storms' paths. Ford Motor Credit and Lincoln Automotive ... [Read More]

SOUTHFIELD, Mich. — Fidelis PPM and Provider Exchange Network (PEN), a division of Open Dealer Exchange, recently completed integration to offer dealers the ability to rate and contract for Fidelis F&I products directly through leading finance desking software for dealers. ... [Read More]

LAS VEGAS — With the largest contingent of exhibitors ever welcoming more attending dealers than the previous year, the National Alliance of Buy-Here, Pay-Here Dealers attempted to give all operators plenty of takeaways either to establish or improve their dealerships. ... [Read More]

WOODCLIFF LAKE, N.J. — As BMW Group Financial Services approaches its 20th anniversary of conducting business in the United States, the captive finance arm achieved another milestone. This week, officials highlighted BMW Group Financial Services surpassed more than 1 million ... [Read More]