SCHAUMBURG, Ill. — Stringent credit availability continues to thaw as Experian Automotive found the penetration of loans to subprime and deep subprime buyers rose during the first quarter. According to data released Thursday, Experian discovered the share of loans to credit-challenged ... [Read More]

DALLAS — Santander Consumer USA this week announced the expansion of its RoadLoans dealer base and media presence throughout the U.S. Through the RoadLoans network, consumers can apply for auto financing online; and after approval, they are sent with a loan ... [Read More]

CARY, N.C. — SubPrime Auto Finance News is now ramping up for its July/August edition, which will honor several of the top executives and dealers in the industry. The publication is looking to recognize top executives whether they are Buy-Here, Pay-Here ... [Read More]

IRVINE, Calif. — By cutting operating expenses, top company leaders say Consumer Portfolio Services is executing its "comeback strategy," as it also shaved down first-quarter pretax and net losses when compared year-over-year. The company shared earlier this week that its ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack recently announced it has launched its Online Registration System in Illinois, raising the amount of states where dealerships can use the electronic registration and titling solution to 13. With DealerTrack's OLRS, the company said Illinois ... [Read More]

COLUMBUS, Ohio — Huntington has moved up one position to become the third most active U.S. Small Business Administration loan provider in the country for the first six months of its fiscal year, according to company officials.  Huntington also remains the ... [Read More]

CHICAGO — As the mortgage meltdown continues to play out throughout the country, a new study by TransUnion revealed some potentially good news for auto lenders.  The company found that consumers who were only delinquent on their mortgages tend to be ... [Read More]

OVERLAND PARK, Kan. — NCM Associates today announced an alliance with Auto Master Systems, a leading dealership management software solution provider to the buy-here, pay-here industry. The joint promotion is designed to provide AMS clients an opportunity to attend and evaluate ... [Read More]

LAS VEGAS — PaymentVision, an electronic payment services company, has recently announced the launch of its 3.0 Universal Payment Processing Gateway (UPPG), which promises to offer customers easier, faster and more secure transaction processing. “PaymentVision has a proud 20 year patent-filled ... [Read More]

LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers conference concludes after several workshops today, including one featuring Chip Zyvoloski, senior attorney for indirect lending at Wolters Kluwer Financial Services, who talked about dealers needing to be prepared for ... [Read More]