IRVINE, Calif. — Along with revealing its operating results for the fourth quarter and all of 2009, Consumer Portfolio Services announced it entered into another new financing facility worth $50 million. Company executives indicated that the facility is structured similarly to ... [Read More]

SARASOTA, Fla. — Constellation Automotive Software, which specializes in the buy-here, pay-here marketplace, recently announced it added a new consulting and training practice division. The company tapped industry veterans Don Miller and Al Mosher to serve in consultant roles. Miller spent the past eight ... [Read More]

SANTA BARBARA, Calif. — March sales have been an unexpected surprise for the auto industry, according to Matt Traylen, chief economist and client partner with ALG. In addition to retail sales climbing, leasing levels are expected to come in above last ... [Read More]

HANOVER, Md. — The National Automotive Finance Association announced the keynote speaker and presenters this week who are slated to take center stage during the 14th annual Below-Prime Credit Auto Financing Conference. Serving in the keynote role for the event that's scheduled for ... [Read More]

ATLANTA — Chip Perry, the president and chief executive officer of AutoTrader.com, shared some dramatic data about the plummeting decline of click-through rates for dealers' online advertising. Perry stressed that manufacturers and dealers alike must transition away from leads and clicks ... [Read More]

FORT WORTH, Texas — AmeriCredit announced late last week that it has priced an offering of subprime auto-asset backed securities under its receivables trust platform called AMCAR. The offering is priced at $200 million and the underwriters include Credit Suisse and ... [Read More]

SAN FRANCISCO — In addition to announcing the name change of international locations from Wachovia to the Wells Fargo name and brand, the financial institution also reported that its bank business unit has purchased substantially all the North American factoring portfolio ... [Read More]

COLUMBUS, Ohio — Huntington Bank, one of the highest volume auto lenders in Ohio, is apparently spreading the word that new-vehicle sales declines from last year are boosting trade-in values, which can ultimately lead to better financing terms for consumers Nick Stanutz, senior ... [Read More]

AUSTIN, Texas — Pay Technologies, the creator of WebTeck and other vehicle starter interrupt systems, recently offered some advice to dealers who use this technology. The recommendations come on the heels of a nationwide story about a former store employee who ... [Read More]

DALLAS — Ford Extended Service Plan recently announced it has selected Ristken Software as its partner to launch new F&I menu selling and reporting systems. The new systems are called ESP Profitlink Menu and ESP Profitlink Reporting. Both products will be ... [Read More]