ALEXANDRIA, Va. — The New Year began with total bankruptcy filings in the United States heading on a downward path as the January level dropped by 11 percent year-over-year. According to data provided by Epiq Systems, the American Bankruptcy Institute ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE SMYRNA, Ga. — Doug Pitcher cringed at the thought of buy-here, pay-here dealership paper moving to another finance company and the outcome going badly. "It's everything," Pitcher — the director of sales ... [Read More]

SARASOTA, Fla. — Leedom Group is gearing up to debut its BHPH Gold Book, what it's describing as a national vehicle valuation guidebook designed to provide dealers and consumers with real-world retail values for vehicles typically associated with the buy-here, ... [Read More]

LIBERTYVILLE, Ill. — Coming off what was a record-setting year for the captive finance arm for Volkswagen and Audi, VW Credit celebrated the opening of a 30,000-square-foot expansion of its facility last week. Officials highlighted the $10 million expansion that ... [Read More]

ATLANTA — Sister publication Auto Remarketing learned Thursday that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work ... [Read More]

SOUTHFIELD, Mich., and IRVINE, Calif. — Depending on who is responding, the subprime auto financing market is either growing at a sustainable pace or is leading back to poor practices such as underwriting that's too loose. As Fitch Ratings approached ... [Read More]

DETROIT — The F&I office should be busy this year based on the results of an Ally Financial survey conducted at the recent National Automobile Dealers Association Convention & Expo. More than 70 percent of participating dealers expect sales of ... [Read More]

NEW YORK and CHICAGO — Continuing a string of investment firms pushing money into subprime auto lenders, special finance paper purchaser Nationwide Acceptance Corp. recently received an injection from Prospect Capital Corp. Officials said the combined debt and equity financing ... [Read More]

WASHINGTON, D.C. — As the agency decided to extends deadline for comments on proposed modifications to its Used Car Rule, the Federal Trade Commission said its annual study of the U.S. credit reporting industry found that 5 percent of consumers ... [Read More]

FARMINGTON HILLS, Mich. — Along with developments connected with Dominion Dealer Solutions, RouteOne introduced FinanceConnect, a new product designed to help dealers quickly convert online vehicle shoppers into F&I customers. Officials highlighted FinanceConnect can offer dealers a customizable credit application ... [Read More]