WASHINGTON D.C. — Several American Financial Service Association board members and staff met recently with the Consumer Financial Protection Bureau Director Richard Cordray and other senior officials to discuss some issues that directly affect the automotive industry, as well as ... [Read More]

NEW YORK — Despite rising delinquencies and annualized net losses for auto loan ABS in January, Fitch Ratings expects seasonal factors driven by tax refunds to benefit household finances in coming months and support lower loss rates through spring. According ... [Read More]

CARMEL, Ind. — Last week, Dealer Services Corp. of Indiana promoted one of its executives to the newly created position of vice president of customer service.  Taking on the role is Randy Dohse, who previously held the position of regional ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings recently reported financial results for the fourth quarter and the whole of 2011, showing close to a 50-percent revenue rise this past year. And the company expects this growth to continue into 2012. For ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive discovered the automotive loan market showed continued improvement as the fourth quarter closed with interest rates for new and used vehicle contracts reaching the lowest levels since 2008. Experian's quarterly automotive credit analysis also showed ... [Read More]

CARY, N.C. — Looking to mimic the great success of sister publication Auto Remarketing on LinkedIn, SubPrime Auto Finance News recently launched a group on the business social media website. Cherokee Automotive Group editor Jennifer Reed believes the platform can ... [Read More]

HOUSTON — Gulf States Financial Services and GSFSGroup, a nationwide provider and administrator of F&I products and reinsurance structures, recently hired a new director for its national sales division. Accepting the role is Keith Cooper, who has been charged with ... [Read More]

MEDFORD, Ore. — While also explaining its chief executive officer succession plan, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold ... [Read More]

HANOVER, Md. — The National Vehicle Leasing Association will be holding its annual conference this spring at the Renaissance Worthington Hotel in Fort Worth, Texas. One of the highlights of the event is a day-long track designed for the lease-here, ... [Read More]

SAN ANTONIO — USAA, which facilitates vehicle loans and other services for military personnel and families, announced this week that Stuart Parker will become the company's chief financial officer effective immediately. The move comes following the resignation of current CFO ... [Read More]