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]

WASHINGTON, D.C. — Legal experts and industry associations aren't the only ones raising questions about how the Consumer Financial Protection Bureau intends to regulate auto lending. Now more than a dozen members of the U.S. House Financial Services Committee are ... [Read More]

FORT WORTH, Texas — What likely is on the minds of top finance company executives isn't hard to pinpoint nowadays: Complying with an intensifying regulatory environment championed by the Consumer Financial Protection Bureau. In response, organizers of this year's NAF ... [Read More]

NEW YORK — Fitch Ratings noticed losses declined for its prime and subprime auto loan ABS indices for the third consecutive month. Analysts found the drops coincided with three consecutive monthly declines in the U.S. unemployment rate and lower jobless ... [Read More]

CARMEL, Ind. — Buy-here, pay-here dealership chain J.D. Byrider turned its 1 millionth vehicle in company history earlier this month, celebrating the milestone for the benefit of the purchaser. The retail achievement took place at the J.D. Byrider dealership located ... [Read More]

ATLANTA — AutoTrader.com and Experian Automotive recently entered into a partnership to allow dealers to include Experian's AutoCheck vehicle history reports with their listings on AutoTrader.com. Here's how it works. Starting in September, AutoCheck-subscribing dealers will have the option of ... [Read More]

FORT LAUDERDALE, Fla. — ITURAN recently announced that its asset protection tools to buy-here, pay-here dealers and independent stores that work with a large subprime customer base now are fully integrated into Finance Express' dealer management system (FEXDMS). ITURAN's line ... [Read More]

JACKSONVILLE, Fla. — Advanced Business Computers of America rolled out a a new lineup of management systems for dealerships and finance companies this week. Coinciding with its 30-year anniversary, ABCoA added two new solutions to its Deal Pack product line. ... [Read More]

DETROIT — Along with an industry honor based on the amount of finance contracts and leases outstanding each year, Ally Financial announced that it's following the lead of some of its Oklahoma City dealer customers, making a $10,000 donation to ... [Read More]

CARY, N.C. — For buy-here, pay-here dealers trying to secure used-car supply in the wholesale market, it certainly has been a challenging few years. But based on analyses coming from several different vantage points, it appears times are getting better. ... [Read More]