ATLANTA — New U.S. consumer credit data from a joint product of Equifax and Moody's Analytics projects a rebounding consumer environment, along with recovering home and auto markets this year. As numbers reflect pre-recession totals, Equifax and Moody's predicted through ... [Read More]

CARMEL, Ind. — KAR Auction Services once again cheered the financial performance of two subsidiaries — Insurance Auto Auctions and Automotive Finance Corp. Chief executive officer Jim Hallett declared both operations had "outstanding" years as they both posted rises in ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack revealed Thursday its local teams will be relocating to new Dallas office space. The company will be leasing approximately 59,152 square feet of new office space at Dallas’ Galleria 1 building, officials announced. And this new office will ... [Read More]

DETROIT — Chevrolet, Buick, GMC and Cadillac dealers, as well as U.S. retail customers within contiguous states comprising General Motors' Western marketing region now have another financing option thanks to a deal revealed late Thursday. GM and Wells Fargo & Co. ... [Read More]

IRVINE, Calif. — Dealer non-prime financing provider CarFinance Capital revealed earlier this week it secured a $200 million warehouse credit facility. CarFinance noted the new credit line, which is provided by Deutsche Bank and Credit Suisse, further enhances its ability ... [Read More]

CLINTON, Miss. — Wholesale market executives Cam Hitchcock, Chuck Tapp and Phil Hanks partnered with a New York-based private equity firm this week to acquire the assets of a forwarding and remarketing company. The trio is rebranding ASR Nationwide into ... [Read More]

SCHAUMBURG, Ill. — When Experian Automotive tallied up the top 20 lenders for its quarterly analysis of the automotive finance market, one company posted year-over-year gains higher than most of the other ones mentioned altogether. TD Auto Finance broke into ... [Read More]

CHICAGO — TransUnion determined this week the national auto delinquency rate — the rate of borrowers 60 or more days past due — decreased on a year-over-year basis for the ninth consecutive quarter. Analysts indicated delinquencies dropped from 0.59 percent in the ... [Read More]

MATTHEWS, N.C. — Subprime lending company Ace Motor Acceptance is working to “recognize the needs of the dealer,” as well as ramping up its offerings for the buy-here, pay-here market. The company, founded in 1998, made the transition into the ... [Read More]

YONKERS, N.Y. — Touting the widespread gains in used-vehicle reliability, Consumer Reports has come out in its latest Annual Auto issue with a message that will likely be welcome news to the used-car business. The publication is saying that buying ... [Read More]