CARMEL, Ind. — In their merger to form NextGear Capital, Manheim Automotive Financial Services and Dealer Services Corp. each bring something unique to the table that can benefit dealers and auctions. That's the word from Brian Geitner, president of the ... [Read More]

CARMEL, Ind. — With the merger of Manheim Automotive Financial Services and Dealer Services Corp., a new inventory finance entity has been announced this morning. NextGear Capital is the new name for the merged lenders, following Manheim's acquisition of DSC ... [Read More]

CARY, N.C. — CarMark Certified Pre-Owned, a leading third-party vehicle certification program, recently announced that it is expanding its offerings in order to provide more flexibility for its dealer base and additional options for consumers. The CarMark Certified program, which ... [Read More]

WASHINGTON, D.C. — By the time an assistant director from the Consumer Financial Protection Bureau makes a return engagement as the keynote speaker during the National Automotive Finance Association's annual conference this summer, the agency's structure and regulatory power could ... [Read More]

AUBURN HILLS, Mich. — While Chrysler Group reportedly might be creating a new captive finance company later this year, chairman and chief executive officer Sergio Marchionne told investment analysts this week why he's happy the automaker currently does not have ... [Read More]

CHICAGO and SAN JOSE, Calif. — As CNW Research noticed subprime auto loan approvals rising year-over-year by at least 40 percent yet again this month, TransUnion and FICO Labs spotted potential trouble on the horizon for lenders and dealers working ... [Read More]

DEARBORN, Mich. — Ford Motor Credit explained why its pre-tax profit of $1.7 billion in 2012 dropped from $2.4 billion a year earlier. The company said when releasing its fourth-quarter and full-year financial report on Tuesday that the decrease in ... [Read More]

ATLANTA — Global Lender Services entered into a marketing agreement this week with one of the best professional basketball players ever, Julius Erving. To promote the GLS brand as well as its subprime auto finance products and services, this partnership ... [Read More]

REDWOOD CITY, Calif. — After climbing for two months in a row, the latest RDN Monthly Analytics Update indicated December recovery volumes decreased 1 percentage point from the November level, leaving 2012 closing on a trend of consecutive month-over-month dips. ... [Read More]

HOUSTON — First Investors Financial Services announced late last week that it has completed the issuance of $187 million in term asset-backed notes in a private placement transaction. The notes were issued by a wholly-owned subsidiary of the company through ... [Read More]