EDINA, Minn. — For the second time this month, CarHop broadened its network of buy-here, pay-here dealerships. After venturing into California for the first time as well as placing another store near Chicago, CarHop opened its fourth rooftop in Colorado ... [Read More]

DETROIT — Vehicle Production Group, which designs, manufactures, markets and distributes models for wheelchair accessibility, selected Ally Financial Monday as the preferred financing provider in the U.S. Officials explained Ally will offer wholesale financing, floor plan insurance and remarketing services ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently recapped the charitable impact company employees made last year not only near their California headquarters but also close to branch offices in Virginia, Florida and Illinois.   CPS highlighted that employees' charity contributions in ... [Read More]

WASHINGTON, D.C. — While the Federal Reserve didn't begin a new year with a monthly look at trends associated with new-vehicle loans generated by finance companies, officials did present November data about contracts from commercial banks. The Fed discovered the ... [Read More]

SOUTHLAKE, Texas — Peritus Portfolio Services, a purchaser of open bankruptcy auto secured paper from dealers, finance companies, banks and credit unions, recently formed an alliance with PassTime, a provider of GPS tracking and automated collection technology solutions to the ... [Read More]

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HOUSTON — Franchised dealers enter 2012 with many of the same challenges they have faced for the last 24 months: excess facilities, needing more vehicle sales, declining credit scores of their customers and tougher credit approvals from financing subprime sources. ... [Read More]

LOS ANGELES — Dealer management solutions provider Nowcom recently announced it renewed a relationship with the National Independent Automobile Dealers Association as a Gold National Corporate Partner for the second year in a row. Nowcom indicated it has worked with ... [Read More]

GRAND RAPIDS, Mich. — Lawsuits associated with the Fair Credit Reporting Act, Telephone Consumer Protect Act and Truth-in-Lending Act all set new records last year, according to federal data compiled by WebRecon. Analysts determined that FCRA litigation had a big ... [Read More]

WASHINGTON, D.C. — The Economic Advisory Committee of the American Bankers Association, including 11 chief economists from the largest banks, is predicting the economy will continue moderate growth with relatively low inflation and steady job growth in 2012. Inflation-adjusted GDP growth ... [Read More]