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]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently completed a $252.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company said it contributed loans having a net book value of approximately $315.1 million to a wholly-owned special purpose entity ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 HOUSTON — Coming off of record-setting performances in the subprime auto lending space during its last two fiscal years, First Investors Financial Services Group announced this morning that it has entered ... [Read More]

MINNEAPOLIS — With student loan debt climbing by significant rates, are potential buyers who arrive in the showroom with high education repayment obligations going to have problems getting a vehicle loan? FICO examined the issue because officials said more lenders ... [Read More]

INDIANAPOLIS — Buy-here, pay-here dealership chain J.D. Byrider recently announced a promotion and the addition of three new team members to support the company's franchise growth and development. Promoted to the position of director of franchise development is Jack Humbert, ... [Read More]

DETROIT — A recent survey by Ally Financial showed dealers continued to be a "pillar of strength" in their communities, particularly when it comes to charitable giving. Survey data indicated nearly two-thirds of U.S. dealers increased their charitable contributions this ... [Read More]

BANDON, Ore., and CHICAGO — Part of the reason CNW Research projected used-vehicle sales to climb by more than 8 percent this month is the soaring number of subprime loan approvals. According to the firm's September Retail Automotive Summary, subprime ... [Read More]

NEW YORK — A recent report by Standard & Poor's Ratings Services reiterated that the U.S. subprime auto finance market is growing again and — despite some potential risks — its near-term growth prospects look good. As increased capital flows ... [Read More]

IRVING, Texas — Specialty auto finance company Exeter Finance Corp. announced the completion of its second rated term securitization late last week, issuing $300 million in notes backed by subprime auto installment receivables. The company indicated the notes were purchased ... [Read More]

DES MOINES, Iowa — Iowa attorney general Tom Miller recently announced one of the state's independent dealers has agreed to stop what was alleged to be illegal repossessions of vehicles. In an agreement with the consumer protection division, called an ... [Read More]