WASHINGTON, D.C. — Continuing the downward push seen throughout the quarter, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in April. Federal officials pinpointed the average at 4.13 percent. The April rate ... [Read More]

DETROIT — GMAC recently revealed the 14 states where consumer financing for recreational vehicles made by Thor Industries now is available. The initial roll out includes such states as Alabama, California, Colorado, Florida, Georgia, Maryland, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, ... [Read More]

PARK RIDGE, N.J. — Hertz announced Monday that it has teamed up with Chase Auto Finance to offer its Hertz Rent2Buy customers financing options. Hertz Rent2Buy is the company's online car sales program that gives customers the option of taking a vehicle ... [Read More]

CARY, N.C. — The deadline to nominate top subprime movers and shakers for special coverage in the July/August edition of SubPrime Auto Finance News is Thursday. Nominations can include auto finance executives and those with non-prime companies, in addition to special ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack recently unveiled several enhancements to its compliance solution, rolling them all into a new Compliance Dashboard. Company officials explained the Compliance Dashboard can provide an overview of compliance-related activity across a store's current deals on a ... [Read More]

MADISON, Wis. — Wisconsin lawmakers recently altered a measure that now greatly regulates the use of auto-title loans. The bill that passed through the state legislature and the governor's office stipulates that vehicles can only be used as collateral for a purchase, ... [Read More]

LAS VEGAS — Auto Master Systems and iMETRIK Solutions recently revealed a new integration partnership. Executives explained the partnership is designed to provide Auto Master clients with a single interface to gather GPS asset tracking data. The companies believe the agreement can ... [Read More]

AUBURN HILLS, Mich. — In an incentive package similar to its May deals, Chrysler is offering zero-percent financing through GMAC Financial Services on most of its 2010 lineup, the automaker announced this week. For Chrysler brand vehicles, the options are zero-percent ... [Read More]

SALT LAKE CITY — After making some tough decisions and pulling back on loan volumes approved and dealer relationship numbers, Scot Seagrave, of Prestige Financial, said the company is ramping back up and reaching out to more dealers. The plan ... [Read More]

DES PLAINES, Ill. — The National Insurance Crime Bureau and IGS, a Las Vegas-based provider of skip-tracing, asset location and collateral recovery services to lenders, recently formed a partnership to better monitor vehicle portfolios. The agreement is meant to offer auto ... [Read More]