FORT WORTH, Texas — To raise more capital to generate more auto loans, GM Financial announced Wednesday the pricing of an $800 million offering of auto asset-backed securities. The securities were priced through lead managers Barclays Capital, Credit Suisse and Wells Fargo Securities. ... [Read More]

PORTLAND, Ore. — A possible solution to dealership quandaries when it comes to personnel decisions and business operations, Compli recently rolled out a series of new software features. The HR and compliance management software provider indicated background checks and drug ... [Read More]

CLEARWATER, Fla. — While Nicholas Financial disclosed earlier this month that the company could be sold, executives highlighted record net earnings and revenue figures for the third quarter. On Thursday, Nicholas Financial revealed net-earnings spikes of more than 50 percent ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack and Enterprise Car Sales, a division of Enterprise Rent-A-Car, announced an agreement this week that means the used-car retailer will deploy the DealerTrack Compliance Solution in all of its more than 140 locations nationwide. Officials see the DealerTrack Compliance ... [Read More]

STAMFORD, Conn. — Used by top auto lenders to best gauge consumer credit conditions given the current economic environment, VantageScore Solutions recently revealed the latest version of its credit scoring model. VantageScore 2.0 came through a production process orchestrated by each of ... [Read More]

DEARBORN, Mich. — SubPrime Auto Finance News recently learned that Ford Credit it is slated to close its Henderson, Nev., collections office in late March. A Ford Credit spokeswoman told SubPrime the office will close March 31 and "about 200 employees ... [Read More]

SANTA MONICA, Calif. — Edmunds.com recently discovered that lenders handed out the lowest-ever average annual percentage rates on their auto loans in December. Site analysts found the average auto loan carried an APR of 4.16 percent, down 0.33 points from November and 0.55 points ... [Read More]

COLUMBUS, Ohio — In a discussion of Huntington Bancshares fourth-quarter results, management revealed that average consumer loans climbed by $500 million, driven largely by a $400 million uptick in average auto loans and leases. Auto loans and leases are up 7 ... [Read More]

ARLINGTON, Texas —  SFG Finance — an active purchaser of auto finance receivables — revealed recently it has launched a contest for its brokers in an effort to ramp up funding and incentives. So, what’s the grand prize? SFG announced ... [Read More]

EDINA, Minn. — CarHop expanded its network of buy-here, pay-here dealerships this week by bringing aboard two rooftops in Colorado. Adding to its established presence in Lakewood, the company opened locations in Aurora and Colorado Springs. The new stores bring CarHop's ... [Read More]