PHOENIX — DriveTime Automotive Group sent notice to the U.S. Securities and Exchange Commission last week stating it terminated its definitive selling agreements with Santander Consumer USA. Officials indicated they made the decision about the selling agreement first reached on ... [Read More]

BREA, Calif. — American Suzuki Motor Corp. announced last week that it received bankruptcy court approval of its agreement with Ally Financial and certain affiliates including American Suzuki Financial Services Co. The decision means support for Ally's provision of dealer ... [Read More]

FORT WORTH, Texas, and SAN JOSE, Calif. — eBay Motors highlighted that it is now providing financing options for shoppers through online auto lender RoadLoans. Officials explained the new offering — pairing eBay Motors' online inventory and RoadLoan's online financing ... [Read More]

SEATTLE and EVERETT, Wash. — Litigation and settlements associated with what legal experts have warned dealers about — compliance in connection with advertising — were back at the forefront again last week; this time in the Pacific Northwest. A potential ... [Read More]

RANCHO SANTA FE, Calif. — White River Capital and its wholly-owned subsidiary Coastal Credit — a specialized auto finance company founded back in 1987 — are being merged with a California-based private equity firm. Officials announced this week that Boston-based ... [Read More]

FORT WORTH, Texas — For the second time since just after Labor Day Weekend, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities. This week, GM Financial announced the pricing of a $1.0 billion offering through ... [Read More]

SAN FRANCISCO — Buy-here, pay-here dealership chain DriveTime recently chose Duncan/Channon to lead its advertising efforts. DriveTime said its new agency will create and execute a new campaign, including TV and radio, that's expected to launch early next year. Company ... [Read More]

TORONTO — TransUnion's quarterly analysis of Canadian credit trends showed that the average consumer's total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The ... [Read More]

FORT WORTH, Texas — Technology provider AutoStar Solutions recently announced its dealer management software system, Fusion Ignite, will be made available at no upfront cost to independent dealers in qualifying states. As part of this promotion, the company said buy-here, ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express announced this week that its dealers using the FEX BHPH Platform are managing in excess of $1 billion of active receivables. Finance Express attributed this growth to an increase in its buy-here, pay-here ... [Read More]