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]

NEW YORK — In some good news for the industry, in analyzing trends for their default indices Standard & Poor's and Experian discovered that monthly default rates declined for all five credit lines. Auto loan defaults came in at 1.7 percent in ... [Read More]

DETROIT — Following General Motors' announcement this morning that it is acquiring AmeriCredit, executives with the two companies participated in a conference call with analysts and media to shed some more light on the implications of the transaction. GM's planned purchase ... [Read More]

PHILADELPHIA — VINtek recently announced it has expanded its operations in California and opened an office in Sacramento to tackle a range of auto collateral needs in one of the country's highest volume titling states. The office is designed to enable ... [Read More]