SOUTHFIELD, Mich. — Credit Acceptance Corp. recently shared its plans for a $100 million offering of its 9.125-percent senior-secured notes due 2017. The company explained that: "The notes will constitute additional securities under an existing indenture pursuant to which the ... [Read More]

HANOVER, Md. — The keynote speaker set to present at the National Automotive Finance Association’s 16th annual conference this spring was revealed this week. And this speaker could potentially be answering many dealer and industry concerns regarding the new Consumer ... [Read More]

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CHICAGO — Along with sharing its analysis of 60-day delinquency rates and regional trends that unfolded as 2010 closed, TransUnion also discussed what it believes could happen this year. TransUnion determined the national 60-day auto delinquency rate — the ratio ... [Read More]

ALEXANDRIA, Va. — Consumer bankruptcy filings have started on an upward trend this year, climbing by double digits month-over-month. The American Bankruptcy Institute revealed that February's total reached 102,686 filings, up from the 92,669 consumer filings recorded in January. The ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services said Wednesday that its relationship with RouteOne has been broadened, meaning that Wolters Kluwer's AppOne platform can now help independent dealers access a broader spectrum of lenders. As most likely know, AppOne is designed ... [Read More]

SCHAUMBURG, Ill. — Payments flowing into all segments of auto lenders improved as 2010 came to an end. Experian Automotive's quarterly analysis of the vehicle credit industry revealed 30- and 60-day loan delinquencies exhibited sharp declines. During the fourth quarter, ... [Read More]

DETROIT — Ally Financial announced this week a new member of its board of directors has been selected by the U.S. Department of the Treasury. Coming on board effective immediately is John Durrett, 62, who currently serves as a strategic ... [Read More]

COLUMBUS, Ohio — Midwestern dealers might want to consider Huntington if they are looking to secure financing through the Dealer Floor Plan Pilot Loan Program launched again last month by the U.S. Small Business Administration. Huntington officials declared Tuesday they ... [Read More]

HOUSTON , Texas — The National Alliance of Buy-Here, Pay-Here Dealers announced the introduction of a new technology program called Skips to Cash. It's designed to help BHPH operators nationwide in locating, recovering and liquidating bad debt skips. The Skips to ... [Read More]