DES MOINES, Iowa — Wells Fargo Preferred Capital recently provided a revolving credit facility to K STReet Finance, a indirect auto finance lender that serves dealerships in southern California. Officials said the total amount of the credit facility came in at ... [Read More]

FORT WORTH, Texas — Due to the impending merger of AmeriCredit  and General Motors, the auto lender announced that it has designated Oct. 1 as the anticipated effective date of the Make-Whole Fundamental Change for notes due to the merger. Basically, ... [Read More]

AUBURN HILLS, Mich. — On Wednesday, Chrysler Group announced a new deal with U.S. Bank to offer customers more lease options for its lineup of select 2010 Chrysler, Dodge and Jeep models. Through this new agreement, customers now have two leasing ... [Read More]

WASHINGTON, D.C. — Likely fueled by automakers' heavy use of incentives connected to APR, the Federal Reserve revealed the average interest rate on new-car loans at auto finance companies hit the lowest point of the year in July. Federal officials computed ... [Read More]

KNOXVILLE, Tenn. — ProconGPS revealed the decision this week about how a Las Vegas-based finance company that primarily purchases contracts from buy-here, pay-here dealers chose to use its asset management system. Company officials indicated they plan to deploy a customized version ... [Read More]

MINNEAPOLIS — In a quarterly survey of bank risk professionals, FICO discovered that while pessimism among these executives remain, apparently things are getting better as the results are less negative than the second quarter. Looking specifically at bank risk officers who specialize ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne on Tuesday launched an integration with LeadSync, what executives described as a complimentary tool that can automatically export customer leads directly to a dealership's RouteOne integrated DSP. They went on to note LeadSync is meant to ... [Read More]

SAN RAMON, Calif. — In an effort to better reach all parts of the non-prime market, Auto Funding Services recently partnered with BlueSky Marketing Group. The partnership means not only is AFS integrated with BlueSky's leads platform known as Real Leads, ... [Read More]

BANDON, Ore. — In July, thanks to very strong incentives, including special lease deals and used-car trade-in promotions, two automakers smashed through the average industry sales increase of 6.8 percent. While August sales were down significantly year-over-year, many analysts are pointing ... [Read More]

NEW YORK — Based on several positive financial developments, SmarTrend investment analysts recently gave upbeat assessment on the potential return for several consumer finance companies, including subprime auto lenders Credit Acceptance and Nicholas Financial. SmarTrend went with Credit Acceptance because it ... [Read More]