DEARBORN, Mich. — Describing first-quarter results, Mike Bannister, chairman and chief executive officer of Ford Credit, said net income was bolstered in part by improvements in the used-vehicle auction markets. The company witnessed lower depreciation expense for leased vehicles thanks to higher auction ... [Read More]

DETROIT — While perhaps not surprising, Toyota is highlighting the way with strong deals in financing this month, while General Motors and Chrysler are apparently not far behind, according to Gary Hoffman, a correspondent for AOL Autos. "In much of the ... [Read More]

PORTLAND, Ore. — Chrome Systems is looking to help dealers and financial institutions reduce risk wherever possible. So, the company has scheduled a free Webinar to discuss how best to minimize investment risks and maximize vehicle profits. This free Webinar is ... [Read More]

WASHINGTON, D.C. — U.S. Senate floor activity is particularly important to the National Automobile Dealers Association and dealership management this week. Lawmakers are ramping up consideration of the proposed Bureau of Consumer Financial Protection, which could completely change how dealerships operate, some ... [Read More]

HOUSTON — Auto Financial Group, an online provider of residual-based financing products for credit unions, recently announced it has signed an agreement with Frankenmuth Credit Union, a Michigan-based institution. Executives explained the agreement means FCU can offer AFG's DrivingSense as both ... [Read More]

NEW YORK — A new feature now is available with the LexisNexis Receivables Management Solutions Suite. Officials highlighted that LexisNexis Banko Events Monitoring can automate the process of monitoring bankruptcy events and help collections organizations improve efficiency. They also contend the new ... [Read More]

DES MOINES, Iowa — Wells Fargo Preferred Capital recently expanded an established relationship by boosting a credit facility to TC Automotive Partners Funding. The amount of the facility totaled $35 million. TC Automotive Partners Funding is an affiliate of Tuttle-Click Automotive ... [Read More]

SANTA MONICA, Calif. — Edmunds.com recently discovered that new-vehicle contracts which included zero-percent financing reached a new industry high during March. Site analysts found that more than 22 percent of financed new vehicles were purchased with zero-percent finance deals this past ... [Read More]

CINCINNATI — Automobile Consumer Services and DriveItNow Payment Marketing Service recently collaborated on "soft pull" credit analyzing technology. Executives explained how the process works when a consumer clicks the DriveItNow payment button that's displayed on vehicle search listings, dealer Web sites ... [Read More]

FORT WORTH, Texas — Dan Berce, AmeriCredit chief executive officer and president, explained Wednesday that now is the optimal period of time to produce new-loan originations since the economic conditions have begun to stabilize and improve. And as such, the company ... [Read More]