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WESTLAKE VILLAGE, Calif. — The market penetration of long-term financing deals reached a record level last month, according to J.D. Power and Associates, which found that 30.1 percent of retail sales in March included 72-month (or longer) loan terms. J.D. ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart recently announced it has opened the doors to its 113th rooftop. Marking the second dealership for the chain in this Southern state, the new store is located in Tupelo, Miss. Commenting ... [Read More]

HOUSTON — Provider and administrator of F&I products and reinsurance structures for the automotive industry GSFSGroup revealed this week that it has appointed a chief financial officer. Tapped for the position is Dianna Dryer. Dryers responsibilities will include “leading the ... [Read More]

RALEIGH, N.C. — Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS ... [Read More]

FORT WORTH, Texas — As reported sources discussed the company's latest selling of asset-backed securities, General Motors Financial confirmed retirement plans for one of its top executives. GM Financial announced earlier this week that Brian Mock, the company's executive vice ... [Read More]

DALLAS — This week, Cars.com selected RoadLoans.com as its exclusive lender for its online customers looking to get pre-approved auto financing as part of their shopping experience. Potential buyers who visit Cars.com, newcars.com or pickuptrucks.com will have the option to ... [Read More]

MATTHEWS, N.C. — Ace Motor Acceptance Corp. recently expanded its relationship with Comprehensive Auto Resources Co. to strengthen its BHPH In A Box program. Officials highlighted that CARco joins AUL (service contracts), AutoMaster (dealer management system software) and PassTime (GPS tracking) ... [Read More]

WASHINGTON, D.C. — While the Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies, officials late last week did post the latest average by commercial banks. The Fed indicated the average interest rate ... [Read More]

ALEXANDRIA, Va.— As the first quarter of 2012 comes to an end, the bankruptcy filing rate for the period reflect a recovering economy and cautious consumers. The American Bankruptcy Institute reported a 12-percent dip in bankruptcy filings since the same ... [Read More]