LAKE FOREST, Calif. — Despite production delays for some automakers, new-car sales are rising. And along with it, the number of auto loans originated is growing as more financing becomes available, according to National Creditors Connection. At the same time, credit ... [Read More]

HANOVER, Md. — The Community Auto Finance Association is looking to expand its membership of established local businesses that sell, lease and finance used vehicles. Established last October, CAFA is also hoping a new website can boost its member partnerships that ... [Read More]

HOUSTON — First Investors Financial Services Group recently named an industry veteran to be its senior vice president of marketing and originations as well as co-chief operating officer. Taking on the role is David Satterfield, who First Investors is asking ... [Read More]

TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack ... [Read More]

BOSTON — The Securities and Exchange Commission is alleging that Inofin, a subprime auto finance firm, and several of its top officers improperly raised funds through unregistered securities, among other claims. The SEC is taking the company to court over the ... [Read More]

DALLAS — After compiling nine years of experience building leads for other retailers that sought buyers who have subprime credit, GenerationLeads recently revealed its leads now are available to franchise dealers. An advantage GenerationLeads insists it can deliver to store ... [Read More]

CLEMMONS, N.C. — This week, Sheffield Financial and American Suzuki Motor Corp. renewed and expanded their three-year financing services agreement, effective immediately. Executives explained the new contract covers both installment and revolving financing for motorcycles, scooters, ATVs and UTVs manufactured ... [Read More]

DETROIT — The National Automobile Dealers Association revealed some insights into the Federal Trade Commission's Dealer Roundtable yesterday. The group said its representatives were on hand during the event in Detroit to highlight the importance of dealer-assisted financing. The series ... [Read More]

BOCA RATON, Fla. — In an effort to cut down the amount of time customers need to spend in the F&I office, as well as generate stronger leads for dealers, Black Book this morning announced a new Credit Activator offering that ... [Read More]

WASHINGTON, D.C. — The Federal Reserve halted its reporting on averages for new-vehicle loans by finance companies. Officials indicated the statistical foundation for this series of updates has "deteriorated" in the past few months. "Therefore, publication of these series is ... [Read More]