COLUMBUS, Ohio — Huntington announced this morning that thanks to the state's improving economic recovery, the company is significantly expanding its Michigan auto dealer financing business and will add key personnel to support this move. "With Michigan's continuing economic recovery, we ... [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]

CLEARWATER, Fla. — Nicholas Financial recently opened two new branch offices, one in St. Louis and the other in Villa Park, Ill., a Chicago suburb. Company executives highlighted the new offices are Nicholas Financial's first entries in both major metropolitan ... [Read More]

IRVINE, Calif. — Despite fourth-quarter and full-year drops in revenue and operating expenses still resulting in pre-tax and net losses, Consumer Portfolio Services emphasized strides the company made to close out 2010 in connection with two new credit facilities and ... [Read More]

ALEXANDRIA, Va. — American Bankruptcy Institute officials spotted a positive trend developing in the first quarter. Consumer bankruptcies for the first quarter of 2011 decreased 6 percent nationwide from the same time period last year. ABI came to that assertion ... [Read More]

FORT WORTH, Texas — General Motors Financial Co. announced Wednesday that it has priced a $950 million offering of auto receivables-backed securities through lead managers Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank. Co-managers include Barclays Capital, Credit Suisse and ... [Read More]

CARY, N.C. — The staff of SubPrime Auto Finance News is once again preparing for the annual issue which features the SubPrime 75, or top companies that play a role in the auto finance marketplace. As such, the staff is now ... [Read More]

BENTONVILLE, Ark. — America's Car-Mart said Monday that it has expanded its footprint in Alabama. The group of dealerships has added a location in Prattville, Ala., which marks the eighth dealership in the state and the 106th overall. "As we have previously discussed, ... [Read More]

WASHINGTON, D.C. — The American Financial Services Association announced that several of its staff members will attend the first Federal Trade Commission roundtable on the Dodd-Frank Wall Street Reform and Consumer Protection Act in Detroit. The meeting will be held on ... [Read More]

WOODCLIFF LAKE, N.J. —  BMW Financial Services management believes that by removing the desk from the equation and taking specific financing elements directly to the consumer and the car, customers can reap the benefits of accuracy, immediacy and a comfortable interaction within ... [Read More]