LONDON — Groupon gained traction in the U.S. by offering discounts at places such as restaurants and salons. Now a website in the U.K. is trying to bring the same process to buying a new vehicle. Today, officials from www.FinanceAcar.co.uk ... [Read More]

NORWALK, Conn. — Despite signals of a growing U.S. auto industry recovery as well as the overall economy, a February FreeScore.com survey revealed nearly 66 percent of consumers think it will be just as difficult — or even harder — ... [Read More]

FRANKLIN, Tenn. — Nissan revealed today some changes in the senior leadership for its financial arm, gaining a new director of financial services, as well as a new director of remarketing, to name a few. Tapped for the position of ... [Read More]

AUSTIN, Texas — This week, Consumer Financial Protection Bureau director Richard Cordray made his highly anticipated appearance at the annual gathering of the Consumer Bankers Association. While Cordray specifically mentioned the mortgage industry and not the auto finance sector, the ... [Read More]

BANDON, Ore. — As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art ... [Read More]

FITCHBURG, Wis. — Buy-here, pay-here dealership chain CarHop revealed this week it is opening its first Wisconsin-based rooftop. The new store is located in Fitchburg, a suburb of Madison, at 3045 Oregon Rd Fitchburg, Wis. 53713, officials announced. “At CarHop, ... [Read More]

TORRANCE, Calif. — Geared to provide added assurance and enhance the lease experience for their customers, Toyota Financial Services and Lexus Financial Services this week rolled out the Excess Wear & Use Protection Plan, the newest product to join the ... [Read More]

RALEIGH, N.C. — Consolidated Asset Recovery Systems launched a new open-source, freeware version of its IBEAM Web portal to the agent and lender community. The company highlighted this new version of IBEAM — available after April 15 — will be ... [Read More]

TALLAHASSEE, Fla. — DealerTrack Registration and Titling Services Group now offers a new solution for California dealers so they can comply with a new state law that goes into effect beginning in July. With the passage of Assembly Bill 1215 ... [Read More]

WESTLAKE VILLAGE, Calif. — Though down more than 3 percentage points from an "exceptionally high" year-ago period, lease penetration rates remained steady in the near-20-percent range during February, thanks to relative stability in lease return volume and consistent incentives, according ... [Read More]