DALLAS — Auto affordability showed no sequential change in the first quarter, but average car loan rates climbed to a two-year high and consumers were buying pricier vehicles, according to Comerica Bank. Those two factors could lead to auto affordability ... [Read More]

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NEW YORK — Auto Finance Big Wheels rolled out its list of largest auto lenders and lessors on Monday, and topping this year’s rankings as the nation’s biggest auto finance company is Ally Financial. According to the report — which ... [Read More]

ALEXANDRIA, Va. — Perhaps showing that more consumers are in better financial shape, the American Bankruptcy Institute said fewer consumers filed for bankruptcy in the first quarter. Officials found the total number of U.S. bankruptcy cases filed during the first three months of ... [Read More]

HANOVER, Md. — Organizers of the National Automotive Finance Association's 15th Annual Below-Prime Auto Financing Conference revealed who will give the event's keynote address. The NAF Association tapped Dale Pollak, vAuto's founder. Pollak will make his presentation during the conference ... [Read More]

CLEARWATER, Fla. — Fueled by strengthening revenue, Nicholas Financial finished its 2011 fiscal year by extending its string of record net earnings, figures that included quarter-over-quarter and year-over-year gains of more than 45 percent. Company officials revealed that for the ... [Read More]

SAN DIEGO — After a year of testing and development, LEAP Auto Loans revealed a new program that allows the company to work with lenders to mitigate their losses on defaulted auto loans and allow consumers to keep their vehicles. LEAP ... [Read More]

LAKE SUCCESS, N.Y. — Triggered by significant income and revenue turnarounds, DealerTrack Holdings raised its revenue and earnings guidance after releasing its first-quarter financial performance. Company executives said Monday their GAAP net income for the quarter came in at $24.7 ... [Read More]

ATLANTA — Equifax announced this morning that it is continuing to see auto lending increase with average loan amounts generated through auto finance companies up 88 percent over 2009 levels. The total number of auto loans originated in January 2011 is ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services is looking to help dealerships connect with more lending sources through its new Indirect Lending Directory. The listing contains lenders that accept and use the company's retail installment contracts to document the financing of ... [Read More]