WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin showed mixed movements in connection with second-quarter auto loan activity. ABA determined second-quarter delinquencies associated with direct auto loans — contracts arranged directly through a commercial bank — actually ... [Read More]

HOUSTON — Dealers and finance professionals interested in gaining more guidance about being successful in the buy-here, pay-here industry now can register for a day pass if they cannot attend the entire East Coast NABD BHPH Conference. The National Alliance ... [Read More]

LAKE SUCCESS, N.Y., and FARMINGTON HILLS, Mich. — DealerTrack Holdings and RouteOne today announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004.  Under the terms of the settlement, DealerTrack and RouteOne will file a ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute spotted a 14-percent decrease in total bankruptcies through the first nine months of the year as compared to the same span a year ago. Citing data from Epiq Systems, ABI indicated total bankruptcy ... [Read More]

BANDON, Ore., and DETROIT — When CNW Research crunched the September used-vehicle sales numbers this week, analysts pinpointed just how many more subprime buyers made a purchase last month as compared to a year ago. CNW indicated the amount of ... [Read More]

SEATTLE — As dealers continue to search for inventory to match up with subprime buyers, Auction Edge announced today that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne revealed this week that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association. As an endorsed NIADA National Member Benefit Partner, RouteOne highlighted that it ... [Read More]

DEERFIELD BEACH, Fla. — Southeast Toyota Finance recently added the Prius c to the list of Toyota vehicles eligible for the $1,000 Southeast Toyota College Graduate Rebate Program. Other vehicles also available in this program are the Toyota Camry (non-hybrid ... [Read More]

ATLANTA — According to Equifax's latest monthly National Consumer Credit Trends Report, automotive credit balances and new accounts are increasing steadily with the number of new accounts opened in the first half approaching pre-recession levels. Analysts believe auto lending is ... [Read More]

NAPERVILLE, Ill. — Potential used-car buyers can now get a little help with their down payment, thanks to a new program announced recently by social-savings website Motozuma. By setting up a free Motozuma account to save for a down payment, ... [Read More]