SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a ... [Read More]

NEW YORK — The upward bounce from the reading's historic low continued in September as the S&P/Experian Consumer Credit Default Indices showed auto loan defaults climbed for the second month in a row. Analsyts from S&P Dow Jones Indices and ... [Read More]

MARBLEHEAD, Mass. — FinCo Management, a provider of deep subprime dealer financing, is expanding its Financing Alternatives and Servicing Today program into 31 states, covering nearly 75 percent of the U.S. population. The company said the program should be operating ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced today the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack ... [Read More]

HAUPPAUGE, N.Y. — CU Xpress Lease said its September activity reached a one-year high showing growth of 64.88 percent in lease volume year-over-year and 36 percent year to date. Officials said the vehicle leasing program available to current credit union ... [Read More]

NEW YORK and SAN FRANCISCO — Both Chase and Wells Fargo enjoyed positive developments in connection with their third-quarter auto loan origination volume performances. Starting with Chase, the company indicated its Q3 originations totaled $6.3 billion, a figure 7 percent ... [Read More]

SEATTLE — Positioned as a tool dealers can embed into their websites, officials from CLCalc.com recently launched a versatile tool with five different calculators aimed at making vehicle loan amounts more understandable. The site contends its tool can help dealers ... [Read More]

DETROIT — Ally Financial's board of directors recently declared quarterly dividend payments for certain outstanding preferred stock, continuing a stream heading to the U.S. Department of the Treasury.  Officials indicated these dividends are payable on Nov. 15. The company explained ... [Read More]

REDWOOD CITY, Calif. — The most recent RDN Monthly Analytics Update showed August recovery volumes increased 3 percentage points from July levels. However, the reading also ended up 17 points below year-ago levels. RDN indicated August recovery orders rose 4 ... [Read More]

HAUPPAUGE, N.Y. — Management from cuautocoupon — a program geared to help drive more business to credit unions and dealerships — recently announced the signing of six credit unions to its growing California network. The largest of the new additions ... [Read More]