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RANCHO SANTA MARGARITA, Calif. —  Dealers who focus on special financing and consumers with subprime credit will now have another lender option through Finance Express’ lender portal. The provider of Web-based financial services and technology for independent dealerships recently announced  ... [Read More]

DEARBORN, Mich. — Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating "the premium customer experience is even more seamless with available financing and exceptional service" ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently announced the opening of its 111th dealership, located in Phenix City, Ala. This store marks the company’s 10th in Alabama, with more on the way, officials noted. Officials also shared ... [Read More]

SOUTHFIELD, Mich. — Strong gains in both loan unit volume and the amount financed pushed Credit Acceptance Corp. to third-quarter jumps in both consolidated net income and adjusted net income. The company recently revealed its third-quarter consolidated net income came ... [Read More]

MINNEAPOLIS — In what could generate leads for participating dealers, U.S. Bank and TrueCar recently joined forces to create the U.S. Bank Auto Buying Service. Officials highlighted the U.S. Bank Auto Buying Service can help shoppers to find the vehicle of ... [Read More]

ATLANTA — The latest Equifax National Credit Trends Report declared auto finance companies have significantly increased lending. In fact, the growth is more than 47 percent during the past two years. Analysts discovered auto finance lenders outpaced bank and credit union lending ... [Read More]

NEW YORK — It was revealed Wednesday that investment bank Sevara Partners has helped secure a $50 million subordinated credit facility for Southern Auto Finance Co. — a subprime auto finance company headquartered in Florida and operating in nine states. The ... [Read More]

LOS ANGELES — Westlake Financial's Advanced Lending & Portfolio Services, which buys buy-here, pay-here contracts, recently announced its third quarter results, revealing a significant 2,000 percent growth year-over-year. The company ended the third quarter with a total portfolio size of $11.5 million. Commenting on ... [Read More]

NEW YORK — Ally Financial's strengthening third-quarter auto originations weren't enough to overcome softening within the company's mortgage division, resulting in a net loss. Ally said earlier this week that it sustained a third-quarter net loss of $210 million, compared ... [Read More]