MINNEAPOLIS — Wolters Kluwer Financial Services announced this week it's now offering captive finance companies, lenders and dealerships universal closed-end vehicle lease agreements for all U.S. states. The company stated that these lease agreements can help ensure vehicle leases are in compliance with ... [Read More]

WASHINGTON, D.C. — September's average interest rate on new-car loans at auto finance companies climbed to the second-highest point of the year, according the latest report from the Federal Reserve. Officials calculated the September average was 4.35 percent. Not since February ... [Read More]

FORT WORTH, Texas — Along with announcing the pricing of an offering of automobile receivables-backed securities, General Motors Financial reported growth in both third quarter net income and originations. Earlier this week, executives from the company formerly known as AmeriCredit revealed that ... [Read More]

IRVING, Texas — In addition to announcing a $150 million warehouse line of credit this week, Exeter Finance Corp. detailed the gains the company has recently made in its business operations. Discussing its new financing in more detail, Exeter entered into ... [Read More]

NEW YORK — Fitch Ratings predicted this week that 2009 U.S. prime auto ABS loans should post lower-than-expected losses. As a result, the firm believes lenders are positioning themselves for continued positive rating performance as the broader economy slowly improves. Through ... [Read More]

AUSTIN, Texas — Innovative Funding Services responded to broadening expansion Tuesday by promoting one its executives to director of operations. Taking on the role at the financing company for lessors and fleet-management businesses is Robert Rohner. When IFS moved to its ... [Read More]

DETROIT — On Monday, Ally Financial rolled out an exchange offer for its outstanding 8-percent Senior Guaranteed Notes due 2020.   Back in March, the company had initially issued a principal amount of these old notes totaling $1.9 billion in two ... [Read More]

LAKE SUCCESS, N.Y. — With revenue gains on both the transaction and subscription sides of the company's operations, DealerTrack saw its total revenue improve more than 7 percent during the third quarter. Moreover, it enjoyed GAAP net income of $1.2 ... [Read More]

ALEXANRIA, Va. — American Bankruptcy Institute officials determined this week that October filings represented a slight rise from the previous month, but a decline from the year-ago period. Relying on data from the National Bankruptcy Research Center, the institute reported U.S. ... [Read More]

NEW YORK — Revealing preliminary third-quarter results, Ally Financial said that for its auto finance business one of the areas it sees as a strong growth opportunity is the used-vehicle market. And the company has already been ramping up originations for ... [Read More]