McLEAN, Va. — Auto finance originations by Capital One Financial Corp. picked up significantly during the fourth quarter when compared to the close of 2010. Capital One recently revealed its fourth-quarter originations totaled $3.6 billion, 61.8 percent higher than the ... [Read More]

SAN DIEGO, and CINCINNATI — An auto leasing company who serves consumers having difficulty obtaining credit and 722 Redemption Funding — a provider of vehicle financing for customers filing Chapter 7 bankruptcy — are teaming up to offer redemption and replacement financing for ... [Read More]

NEW YORK — Fimalac S.A., the French parent company of global ratings agency Fitch Group, recently revealed it is selling an additional 10 percent in the ratings agency to Hearst Corp., parent of Black Book. This brings Hearst to a ... [Read More]

FORTH WORTH, Texas — Back when General Motors was shopping for a new lender relationship, one of its key goals appeared to be ramping up sales through non-prime approvals. And its relatively new symbiotic partnership with AmeriCredit — now known as GM ... [Read More]

DALLAS — With auto affordability improving in the fourth quarter of last year, dealers may see an influx of shoppers on their lots who had held off buying a new vehicle due to rising prices. According to Comerica Bank, the ... [Read More]

TORRANCE, Calif. — It appears Honda may be facing a serious monkey wrench to the proposed class-action settlement in a case involving hybrid vehicle owners suing the automaker for allegedly misleading them about fuel efficiency. After a small claims case ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today the introduction of the Compliance Dashboard, a free tool that can provide dealers a visual assessment of the store's compliance status for all applicable deals. RouteOne pointed out dealers also may track compliance ... [Read More]

NAPA, Calif. — Service contract provider AUL Corp. and subprime lender Ace Motor Acceptance Co. recently expanded their relationship to boost a program that's been available since 2009, Buy Here Pay Here in A Box. AUL and AMAC created a ... [Read More]

IRVING, Texas — Online auto finance company myAutoloan.com recently revealed it has been awarded its third patent from the US Patent and Trademark Office of the Department of Commerce for its online lending marketplace technology known as Preferred Placement. “Preferred ... [Read More]

GLEN MILLS, Pa. — With news circling that Chrysler could be seeking a new lender relationship outside of Ally, SubPrime Auto Finance News' sister site recently reached out to the OEM's national dealer council president to get his take. Seeing ... [Read More]