NEW YORK — Ally Financial had plenty of positive financial news to share Tuesday as executives announced the company posted its second consecutive quarter of profitability and its sixth profitable quarter in a row for its core automotive business. Ally reported ... [Read More]

HANOVER, Md. — The 2010 Non-Prime Automotive Finance Survey results came out late last week and in a review of the data, SubPrime Auto Finance News discovered some interesting trends. Some of the findings include that asset-backed securities funding is growing, market ... [Read More]

CARY, N.C. — As the lineup continues to be finalized for the upcoming National Remarketing Conference, which will be held in Nov. 10-12 in San Diego, conference planners have announced that a subprime repossession panel will be held during the second ... [Read More]

DEERFIELD BEACH, Fla. — Southeast Toyota Finance has rolled out a new program this week designed to give recent or upcoming college graduates and Master's or Ph.D. degree candidates greater ability to make a vehicle purchase in the midst of a ... [Read More]

WESTLAKE VILLAGE, Calif. — Given all the changes that have occurred in the auto lending space since the capital markets collapsed, there are apparently three key factors dealers prefer and look for in the lenders they work with and send much ... [Read More]

MINNEAPOLIS, Minn. — A comparison of national FICO Scores from 2008, 2009 and 2010 show that consumer credit risk has climbed over the past two years. Looking at prime scores, FICO found that nearly 19 percent of consumers had scores from ... [Read More]

KNOXVILLE, Tenn. — ProconGPS has rolled out a new GPS device meant to track collateral more closely through the brand familiar to subprime auto finance operations, GoldStar GPS. Management highlighted features of the ROCKET that include a hypersensitive antenna and enhanced ... [Read More]

CHATTANOOGA, Tenn. — Trifish Finance, an indirect auto finance company based in southern California, recently switched to ACH Federal to orchestrate online payment processing services. Executives from both companies have been pleased with the relationship that began in May, saying that more than ... [Read More]

NEW YORK — Last week's revelation that General Motors would acquire AmeriCredit also prompted a reaction from Fitch Ratings. A day after the automaker made its announcement, Fitch placed AmeriCredit on rating watch. The ratings firm explained it will now analyze GM's credit ... [Read More]

NEW YORK — Chase recently reported that auto loan originations for the second quarter were up 9 percent from the prior year; however, they were down 8 percent from the previous quarter. More specifically, the company indicated that average auto loans ... [Read More]