IRVINE, Calif. — Consumer Portfolio Services announced earlier this week the closing of its third term securitization of the year. The transaction also is CPS' sixth senior subordinate securitization since last year. In the transaction, officials tabulated that qualified institutional ... [Read More]

CHARLOTTE, N.C. — Though many say the potential for using social media for sales has not been tapped into yet, social media application company xChange Automotive said it has released a product that may take a step in that direction. ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 PHOENIX and DALLAS — A regulatory filing with the Securities and Exchange Commission confirmed DriveTime Automotive Group, its shareholders and certain affiliates entered into definitive agreements with Santander Consumer USA. Officials ... [Read More]

NEW YORK — Coming off a historic low, the auto loan default rate ticked higher last month, according to August data reported by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The auto rate edged ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds recently announced that the U.S. Patent and Trademark Office has issued two U.S. patents relating to docuPAD, the F&I selling and document processing system for dealerships. Officials reiterated docuPAD is a menu-driven, interactive F&I ... [Read More]

ALEXANDRIA, Va. — Have you heard the term "fiscal cliff" lately? According to both political and financial analysts, it looks like the United States is headed for one at serious speed. Here's some background. About a year ago, Congress passed ... [Read More]

NEW YORK — Fitch Ratings indicated the subprime sector of the auto asset-backed securities market exhibited a stable performance this past month. Analysts arrived at that assessment today because August 60-day delinquencies rose only 2 percent month-over-month, climbing to 3.24 ... [Read More]

HANOVER, Md. — Jack Tracey remembers when the National Automotive Finance Association's annual survey was the only barometer to measure how the non-prime segment of the industry was behaving. Now 16 years later, Tracey and the NAF Association are gearing ... [Read More]

FRANKLIN, Tenn. — Lease returns just got easier for Nissan and Infiniti customers. And dealers may be able to take advantage of more potential customers coming in to purchase a new ride after cashing their lease in. The two Japanese ... [Read More]

PHILADELPHIA — Along with naming its new executive vice president of technology and strategic planning, VINtek recently revealed it's now the exclusive electronic lien and title partner of LEVERAGE, the service corporation for the League of Southeastern Credit Unions, the ... [Read More]