SAN DIEGO — National loan servicer First Associates recently tapped a veteran with more than 20 years of industry experience to be its executive vice president and equity partner. Taking on this role is Laurence Chiavaro, who has been charged by ... [Read More]

RICHMOND, Va. — CarMax doubled the amount of rooftops it has in Ohio this week. The company already operated two facilities in the state capital, Columbus, but now showrooms are up and running in both Cincinnati and Dayton. The new Cincinnati ... [Read More]

NEW YORK — According to Fitch Ratings delinquencies and losses on prime auto loan asset-backed securities hit their lowest levels in May since the summer of 2007. However, officials cautioned that this trend was "mainly due to seasonal factors." In fact, ... [Read More]

FORT WORTH, Texas — At the recent Below-Prime Credit Auto Financing Conference, Dan Berce, president and chief executive officer of AmeriCredit, described how his company survived what many have called another "Great Depression." AmeriCredit's management team started to see the capital ... [Read More]

NEW YORK — According to DBRS, the New York State Assembly has proposed a new bill called the Vehicle Lienholder Accountability Act, which company officials say could limit auto loan asset-back securities issuers from including receivables originated in that state in ... [Read More]

MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, is orchestrating a free Webinar meant to help store management more effectively evaluate GPS and starter-interrupt device technology. Organizers plan to share a checklist ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive reviewed first-quarter data regarding open auto loans and found the better the credit standing, the more growth there has been as compared to the first quarter of 2009. In fact, Experian indicated the only growth came ... [Read More]

HOUSTON, Texas — The National Alliance of Buy-Here, Pay-Here Dealers recently announced that it will hold its Fourth Annual Underwriting & Collections Conference at a new venue in Dallas on Nov. 7-9, 2010. More than 500 people are expected to attend this ... [Read More]

MANHATTAN BEACH, Calif. — TSi Auto Solutions, a business management solutions provider to automakers, dealer groups and others, this week announced an acquisition the company believes should increase its customer base by 30 percent. Executives revealed they have secured AutoSoft, a ... [Read More]

BENTONVILLE, Ark. — In addition to announcing a new dealership in Tennessee, America's Car-Mart recently shared fourth quarter and fiscal full-year results. In some positive news, net income, revenue and sales are all up over the prior year, which has led ... [Read More]