FORT WORTH, Texas — AmeriCredit announced late last week the pricing of a $600 million offering of automobile receivables-backed securities. This securitization is through lead managers Deutsche Bank Securities, J.P. Morgan and Wells Fargo Securities. Executives mentioned that co-managers are Credit Suisse, ... [Read More]

IRVINE, Calif. — Explaining their recent financial performance as a continued recovery from the "Great Recession," executives from Consumer Portfolio Services detailed a decline in revenue and pretax loss during the first quarter of 2010. CPS indicated that it posted a ... [Read More]

PHOENIX — Arizona Central Credit Union recently partnered with the Northern Arizona Council of Governments to offer a program meant to help low-income individuals purchase a vehicle. Officials explained the basis for Wheels to Work is to assist individuals with limited ... [Read More]

NEW YORK — The performance of auto asset-backed securities is a key factor in investors' and capital markets' appetite for such issuances. And with the auto lending markets tight, keeping a close eye on the performance of prime and subprime vintages ... [Read More]

DETROIT — Amid reports this week that General Motors might be considering several options that would put the automaker back into auto financing, Ally Financial released a statement Wednesday emphasizing its commitment to and strong position within the auto lending industry. "Ally Financial ... [Read More]

GAITHERSBURG, Md. — C&G Imports, a buy-here, pay-here dealer in Arlington, Va., recently shared how solution integration of PaymentVision and Auto Master helped to enhance security and streamline financial operations for the dealership. The integration combined the solution capabilities of PaymentVision, ... [Read More]

WARREN, Mich. — The leadership of Asset Acceptance Capital Corp., a purchaser and collector of charged-off consumer debt, recently detailed how it was encouraged by the progress made in becoming more efficient and increasing purchasing, also noting that the company made strides in certain areas ... [Read More]

AUBURN HILLS, Mich. — Auto Credit Express has teamed up with United Credit Education Services to roll out a new Web site, FutureCreditScore.com, and offer its clients credit rebuilding services. Thanks to this partnership, AutoCreditExpress customers now have a way to ... [Read More]

MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, recently announced it created a new business unit to handle client growth. Because of steady company advancement during the past five years, executives have rolled ... [Read More]

DALLAS — Increased interest rates were the primary factor in pushing first-quarter auto affordability down to a more than two-year low, according to Comerica Bank, which released its most recent Auto Affordability Index today. Specifically, it required 23.4 weeks of median ... [Read More]