BANDON, Ore — CNW Research president Art Spinella believes that when it comes to online financing, "the jury is still out." Why? Spinella indicated dealers continue to hold the high ground when it comes to rates and ease of getting ... [Read More]

NEW YORK — Any way one could view the latest S&P/Experian Consumer Credit Default Indices, the readings showed positive movements based on data through January of this year. Auto loans were among the types of credit contracts that made strong month-over-month ... [Read More]

LAKE SUCCESS, N.Y. — Along with sharing how the company performed financially during the fourth quarter and all of last year, DealerTrack Holdings announced this week it has acquired one of the businesses previously owned by R.L. Polk & Co. ... [Read More]

ALEXANDRIA, Va. — For the first time in three years, total bankruptcy filings in the United States didn't climb by double digits year-over-year. The American Bankruptcy Institute reported this week that total 2010 bankruptcies increased 8 percent above the 2009 ... [Read More]

HERNDON, Va. — As Volkswagen Credit and Audi Financial Services prepare for the launch of the new VW Passat in August and Beetle in September, the captives have tapped a new agency of record to roll out a customer loyalty campaign ... [Read More]

DALLAS — The purchase and financing of an average-priced new vehicle accounted for 23.2 weeks of median family income in the fourth quarter, an improvement of 0.5 weeks, according to Comerica Bank. Consumers spent an average of $700 less, down 3 ... [Read More]

SOUTHFIELD, Mich. — Explained as a pathway to generate capital to shareholders, Credit Acceptance Corp. recently announced the company commenced a tender offer to purchase up to 1,904,761 shares of its outstanding common stock. Credit Acceptance set the price at ... [Read More]

TROY, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with F&I menu company, The Impact Group. Officials explained Impact's Fusion Menu now features electronic rating, forms and contract origination via PEN. They went on ... [Read More]

BANDON, Ore. — CNW Research discovered that both captives and major banks are tapping into pent-up demand of subprime new-vehicle buyers. Though Art Spinella, of CNW, explained that in comparison to levels prior to the recession, these approvals are still low, ... [Read More]

SALT LAKE CITY — Prestige Financial Services and www.OnlineBKmanager.com recently partnered to boost dealers' ability to efficiently deliver vehicles and supply financing for bankruptcy customers.  Through this alliance, Prestige Financial's dealer partners can receive a unique package discount on www.OnlineBKmanger.com ... [Read More]