BANDON, Ore. — As time passes, more and more consumers with lower credit ratings are finding they can get approval to purchase vehicles, which is helping to bolster the overall sales totals, CNW Research recently revealed. In fact, Art Spinella, president ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced that it is now offering dealers a complimentary Risk-Based Pricing Notice tool to assist in compliance with the Risk-Based Pricing Rule issued jointly by the Board of Governors of the Federal Reserve System and ... [Read More]

SCHAUMBURG, Ill. — Automotive lending activity might be gaining some momentum — especially in the non-prime and subprime spaces — based on the latest data available from Experian Automotive. For both new- and used-vehicle contracts, Experian found loans to non-prime and subprime customers increased by healthy margins ... [Read More]

WASHINGTON, D.C. — The string of jumps in the average interest rate on new-car loans at auto finance companies continued for the fourth month in October, according to the Federal Reserve. Officials discovered the October average jumped to 4.52 percent, the highest ... [Read More]

SANTA MONICA, Calif. — When it comes to new-vehicle sales, subprime borrowers made up a smaller percentage of these sales in November than the rest of the year, according to Edmunds.com. The percentage of new cars financed at a subprime rate, ... [Read More]

BIRMINGHAM, Ala. — StopCurbstoning.com recently analyzed the financial impact of curbstoning, using a California case as an example. The California DMV recently concluded an investigation into this type of illegal vehicle selling which led to a felony arrest on 12 counts ... [Read More]

CARMEL, Ind. — J.D. Byrider recognized its Franchise of the Year winners as well as its 14 President's Award recipients during the company's annual convention last month in Orlando, Fla. Broken down into three categories, the company chose its Franchise of ... [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services recently revealed a Midwestern lender who caters to marine and RV dealers has chosen to use its AppOne platform. Now utilizing the solution is Source One Financial Services, a marine and RV loan ... [Read More]

ALEXANDRIA, Va. — The number of U.S. consumer bankruptcy filings finally made some significant downward movement in November, according to data collected and posted by the American Bankruptcy Institute. On a month-over-month comparison, November filings actually dropped by 13.3 percent to ... [Read More]

FARMINGTON HILLS, Mich. — Toronto-Dominion Bank could reach an agreement as early as this week to buy Chrysler Financial, Bloomberg reported this morning. Chrysler Financial could sell for $6 billion to $7 billion, according to Bloomberg sources. Apparently other companies are ... [Read More]