NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said is "typical" for this time of year. While delinquencies and losses hit their lowest level in three ... [Read More]

CHICAGO — The national 60-day auto delinquency rate dropped by almost 20 percent from the first to second quarter to 0.53 percent, TransUnion reported this week. The year-over-year delinquency rate at the national level declined by 27.4 percent in the second ... [Read More]

ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to ... [Read More]

SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]

PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America ... [Read More]

BROOKFIELD, Wis. — Fiserv and DriveTime recently expanded their partnership so that now instead of just having the ability to pay at a dealership location and online or via phone, customers can now also pay their auto loan bills at more than ... [Read More]

CINCINNATI — OneCommand recently rolled out a new tool it's calling Equity Scoring, a product designed to help dealerships identify the current equity position of both finance and cash customers. Geared to reach potential buyers most likely to be ready and ... [Read More]

BENTONVILLE, Ark. — William "Hank" Henderson, America's Car-Mart president and chief executive officer, said late last week  that management is continuing its growth strategy and credits repeat customers as a large factor in the company's solid financial performance. Henderson indicated that ... [Read More]

BANDON, Ore. — Back in 2005, 91 percent of male and 93 percent of female teens received their first vehicle choice. However, in 2010, this is no longer the case. According to CNW Research, this figure dropped to 76 percent and ... [Read More]