LAKE SUCCESS, N.Y. — This week, DealerTrack launched free additions to its performance suite meant to enable dealers to comply with the Federal Trade Commission's new risk-based pricing rule, which goes into effect on Jan. 1. Company officials said the enhancements ... [Read More]

FORT WORTH, Texas — In its Strategic and Operational Overview released this month, GM Financial revealed its near-term initiatives include continuing to grow its core subprime business, as well as expanding its product line for General Motors dealers, such as ... [Read More]

HOUSTON — First Investors Financial Services made strong strides in several facets of its balance sheet — including net income and loan origination volume — during its fiscal second quarter that wrapped up Oct. 31. Company officials revealed that they generated net income ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Executives from Finance Express and Tidewater Motor Credit recently finalized a partnership to broaden the indirect subprime automotive finance company's Web-based services and technology for independent dealerships. "The relationship with Finance Express aligns with TMC's vision ... [Read More]

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]