CINCINNATI — With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of ... [Read More]

CRYSTAL LAKE, Ill. — Automotive Compliance Consultants insisted dealers subscribing to its services can save as much as $650 a month in credit bureau report markup fees. From the firm's Compliance Solved Web dashboard, subscribing dealers can download reports from ... [Read More]

WASHINGTON, D.C. — American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can ... [Read More]

NEW YORK and DALLAS — As the Federal Reserve discovered total consumer borrowing — including auto loans — accelerated by 8 percent in August, Fitch Ratings cautioned that industry enthusiasm should be tempered as meaningful near-term risk remains as long ... [Read More]

IRVING, Texas — Exeter Finance Corp. recently announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. Management from the specialty auto finance company indicated the ... [Read More]

HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The ... [Read More]

PALATINE, Ill. — The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC's business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then ... [Read More]

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]