ALEXANDRIA, Va. — Showing a double-digit drop, November U.S. consumer bankruptcy filings fell by 12 percent year-over-year, coming in at 100,980 nationwide, according to the latest study from the American Bankruptcy Institute. November’s rate represents a significant drop from the ... [Read More]

PHILADELPHIA — Auto finance solutions company VINtek recently announced it has completed second lien filings on a fleet of more than 70,000 trucks, using its VINtekTIME technology — a platform that processes paper and paperless titles, or electron lien and ... [Read More]

SCHAUMBURG, Ill. — Buy-here, pay-here penetration in used-vehicle financing continues to be on the rise, according to third-quarter data assembled by Experian Automotive. Experian discovered the BHPH market share climbed 10.5 percent year-over-year to 14.26 percent of all used-vehicle financing ... [Read More]

MELBOURNE, Fla. — Five Star Specialty Programs, a division of Crump Insurance Services and part of Crump Group, revealed today that coverage for its dealers insurance program now encompasses 43 states. The seven states excluded from DEALERsure are Alaska, Connecticut, ... [Read More]

DETROIT — Ally Financial revealed plans today to expand the offering of its flexible Ally Buyer's Choice product to 12 additional states this month. Ally Buyer's Choice debuted in five states in November and now is available in the following ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in ... [Read More]

LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one ... [Read More]

PHOENIX — DriveTime Automotive Group, which helps people with less than perfect credit get a vehicle, revealed to SubPrime Auto Finance News this week the launch of an indirect lending division doing business as GO Financial. In the subprime, buy-here, pay-here ... [Read More]

CARY, N.C. — The past few years have been tough across the board for lenders and dealers, particularly those working in the non-prime, special finance and buy-here, pay-here space. To help bring lenders and dealers together to get credit-challenged customers financed, ... [Read More]

CRYSTAL LAKE, Ill.  — Striving to make it easier for dealers to more efficiently and quickly close deals, Automotive Compliance Consultants revealed Monday that it will now enable dealers to access three major credit bureaus, as well as all credit-related documents from one ... [Read More]