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]

SACRAMENTO, Calif. — California buy-here, pay-here dealers will have more compliance procedures to maintain when Jan. 1 arrives, since two of the three bills aimed at changing how the industry operates were signed by Gov. Jerry Brown. But the measure ... [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]

WASHINGTON, D.C. — The American Financial Services Association recently announced two experienced, well-known executives were elected to join its board of directors. The new board members are Mark Floyd, vice chairman and chief executive officer of Exeter Finance Corp.; and ... [Read More]

ST. LOUIS and WASHINGTON, D.C. — As the agency's new Consumer Advisory Board met for the first time, the Consumer Financial Protection Bureau declared its latest study shows discrepancies between the credit scores sold to creditors, lenders and finance companies ... [Read More]

FORT LAUDERDALE, Fla. — Offering its take on what is most important to consumers in the car-buying process, AutoUSA Internet Sales Solutions revealed Monday the availability of a free white paper for dealers. The report, titled, "Pre-Qualified Payment Marketing: Converting ... [Read More]