DALLAS — Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less ... [Read More]

CLEARWATER, Fla. — Despite a 7-percent softening of its net earnings during the second quarter of its fiscal year, Nicholas Financial announced a dividend payment to owners of common stock for the second time since the beginning of November. This ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart recently opened its newest store in Alabama. Joining the network as the company's 11th store in Alabama and its 118th dealership overall, Car-Mart rolled out a lot in Enterprise, Ala. "Alabama ... [Read More]

HOUSTON — Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June ... [Read More]

WASHINGTON, D.C. — If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. A top CFPB official on ... [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies and Volvo Car Financial Services today announced that the automaker's captive subsidiary has become a lender on the Dealertrack Credit Application Network. Officials highlighted Dealertrack is the exclusive credit application network through which Volvo's ... [Read More]

OVERLAND PARK, Kan. — To begin 2013, NCM Associates is expanding its educational programming focusing on special finance through an alliance forged with Greg Goebel Consulting and Training. Officials explained Goebel's training program is designed specifically for NCM's franchised dealer ... [Read More]

REDWOOD CITY, Calif. — With auto lending increasing to subprime customers, the latest RDN Monthly Analytics Update showed October recovery volumes increased 7 percentage points from September levels, marking the second consecutive month-over-month jump. Furthermore, the October reading came in ... [Read More]

CARMEL, Ind. — Last week, J.D. Byrider added three formerly franchised locations to its portfolio of company-owned buy-here, pay-here dealerships.  Officials explained J.D. Byrider acquired the locations as part of a push to grow company-owned and managed locations, which the ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute said total bankruptcy filings in the U.S. for November decreased 12 percent compared to the previous year, according to data provided by Epiq Systems. Officials tallied that November bankruptcy filings totaled 86,946, down ... [Read More]