DETROIT — Now an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as its preferred provider of wholesale and retail financial services for its qualified Saab dealers and customers throughout the world. The automaker's dealers already ... [Read More]

CARMEL, Ind. — Late last week, J.D. Byrider announced it has hired a new executive to serve as vice president of franchise operations. Hired for this position is Thomas Welter, who will be responsible for "maximizing unit profitability by strengthening the ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack will be hosting a Webinar on Tuesday to discuss what the company highlighted as five critical compliance issues that can pose liability risks for dealers. The five points that are to be covered during the sessions ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here auto group America's Car-Mart enjoyed strong revenue and retail sales improvements along with decreases in charge-offs during both its fiscal third quarter and nine-month time spans. In the third quarter that wrapped up Jan. 31, Car-Mart ... [Read More]

SCHAUMBURG, Ill — While most new-car loans fall into the prime credit category, an Experian Automotive executive recently pointed out that loans for subprime customers are still out there, particularly in the used-vehicle market. "While the lion's share of the new-car ... [Read More]

DETROIT — In a SEC filing this week, GMAC reported that chief financial officer Robert Hull has decided to leave the company at the end of March. GMAC said in the SEC filing it will conduct an internal and external search ... [Read More]

FORT WORTH, Texas — Digital Recognition Network recently entered into a partnership with newly created DRN Financial in order to offer affordable financing terms to repossession-related companies that wish to acquire its license plate recognition technology. Officials believe that the new financing ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute recently shared data from the Administrative Office of the U.S. Courts that confirmed a sharp rise in total bankruptcy filings last year. The 2009 bankruptcy total jumped 32 percent over the figure recorded for ... [Read More]

NEW YORK — Fitch Ratings recently reported that seasonal weakness pushed up U.S. prime auto loan asset-backed securities' losses slightly higher in January, compared to prior months. However, the company did share some good news. Despite high unemployment and pressure on ... [Read More]

WASHINGTON, D.C. — After remaining low for much of 2009, the average interest rate on new-car loans at auto finance companies crept up to 3.94 percent in January of this year, according to the Federal Reserve. This is the highest level ... [Read More]