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HOUSTON — Positioned as a way for franchised or new independent dealers to learn about the market, the National Alliance of Buy-Here Pay-Here Dealers plans to hold a BHPH boot camp in Monroe, N.C., a suburb of Charlotte, on Aug. ... [Read More]

ATLANTA and DALLAS — It was announced Thursday that AutoTrader.com has chosen a preferred direct lender for the site, one that the company contends will provide shoppers interested in a direct lending option with "a seamless way to access financing." ... [Read More]

NASHVILLE, Tenn. — Strategic Marketing Alliance, through its wholly owned subsidiary USAutoplex, is currently developing a platform to provide subprime auto financing to USAutoplex vehicle buyers. Officials indicated SMA Alliance will soon launch Autoplex Credit through USAutoplex's exclusive agreement with ... [Read More]

WASHINGTON, D.C. — Thinking about how these individuals might be taken advantage of at places such as dealerships, the Consumer Financial Protection Bureau revealed its newest investigative topic this week: America's elderly. CFPB officials announced a public inquiry to learn ... [Read More]

SANTA MONICA, Calif. — With the industry recovery fueled in part by loosening credit for subprime buyers, Edmunds.com want to find out which vehicles are being purchased most often by consumers with less than perfect credit. Three models from one ... [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered the level of new-vehicle contracts lasting 72 months or longer softened a bit last month, but the penetration still landed higher than May of last year. According to J.D. Power's May ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 115th dealership and its fifth location in Tennessee earlier this week. The company's newest store is in Madison, Tenn. "We continue to grow our company and are very proud ... [Read More]

TORONTO — Late last week, Auto Remarketing and SubPrime Auto Finance News confirmed retirement and succession plans for TD Auto Finance's chief executive officer. Company spokesperson Mohammed Nakhooda indicated that after a 39-year career in the industry, Tom Gilman has ... [Read More]

WASHINGTON, D.C. — Five federal supervisory agencies recently released a Memorandum of Understanding aimed at clarifying how the agencies will coordinate their supervisory activities consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The five agencies joining forces ... [Read More]