IRVINE, Calif. —Consumer Portfolio Services revealed Wednesday the closing of its third term securitization in 2011. The transaction is CPS's fourth senior subordinate securitization since 1993.  "In the transaction, qualified institutional buyers purchased $119.4 million of asset-backed notes secured by ... [Read More]

CHICAGO — TransUnion analysts credited shrewd decisions by dealers and lenders for pushing their 2012 auto loan delinquency projections higher than readings expected as this year closes. TransUnion indicated this week that the ratio of borrowers 60 or more days ... [Read More]

WOODCLIFF LAKE, N.J. — In preparation for the 2012 London Olympic games, BMW Financial customers can now log into the company’s My BMW website to enter the running for a grand prize trip to these games, including airfare and other ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack is hosting the second of a free two-part Webinar series designed to highlight the most critical compliance issues dealerships face today. DealerTrack compliance counsel Randy Henrick is set to be part of the session scheduled ... [Read More]

HANOVER, Md. — Hudson Cook LLP recently announced the addition of three attorneys and the opening of the firm’s New England offices.  Joining the firm is Lori Desjardins, Thomas Quinn Jr. and Ryan Stinneford — all formerly with Pierce Atwood ... [Read More]

SCHAUMBURG, Ill. — Already utilized by dealers, Experian Automotive on Tuesday launched AutoCheck Mobile for Consumer. Available through both Android and iPhone devices, Experian highlighted the new application can provide used-vehicle buyers with access to AutoCheck vehicle history reports. Officials ... [Read More]

WESTERVILLE, Ohio — This week, vehicle service contract provider NAC announced an expansion of its online technology platform to now include a new 24-hour online claims submission service. Designed to address the efficiency gaps and time-of-day restrictions vehicle dealership service ... [Read More]

MOUNTAIN VIEW, Calif. — In an effort to make the customer payment process easier and more convenient for buy-here, pay-here dealers, as well as their clients, cash transaction network PayNearMe recently revealed its new product called PayNearMe Auto. This offering ... [Read More]

FORT LAUDERDALE, Fla. — AutoNation announced Wednesday it has entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility.  The company explained the new credit agreement contains an accordion ... [Read More]

ALPHARETTA, Ga. — Bank of America and DataScan Field Services joined forces Thursday to roll out a website designed for used-vehicle buyers to complete their transactions in one place. The two companies launched PRNDL.com — pronounced prindle — a name ... [Read More]