BANDON, Ore. — Auto lenders are still apparently remaining very cautious in the quantity of subprime applications they approve and book. And while CNW Research points to this market as extremely profitable as the economy improves, the company also noted it's going to ... [Read More]

LOS ANGELES — Westlake Financial Services announced late last week that it is looking to continue to expand originations through the end of the year and into 2010. As part of this drive, the company has launched a shared-participation program. ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express announced this week that it has reached a deal to secure access to Carfax Vehicle History Reports. Independent dealers who use Finance Express' technology now can obtain these reports with just a single mouse ... [Read More]

GARDEN CITY, N.Y., and MAHWAH, N.J. — This morning, Chase and Jaguar Land Rover North America announced they have enhanced their offerings with the launch of the U.S. private label customer financing brands for Jaguar Financial Group and Land Rover Financial ... [Read More]

PHOENIX — Despite a troubled economy that has impacted auto purchasing, charge-offs and defaults, buy-here, pay-here dealer group NowAuto said its performance across various metrics have actually improved. More specifically, NowAuto Group reported that purchases, charge-offs and defaults have, in fact, improved significantly ... [Read More]

IRVINE, Calif. — In reporting third-quarter results, Consumer Portfolio Services' chief executive officer called this period a turning point for the company. Basically, total revenues for the quarter came in at $52.8 million, a drop of about $38.9 million, or 42.4 ... [Read More]

FORT WORTH, Texas — AmeriCredit announced the addition of Robert Sturges to its board of directors this week. Sturges will take the place of Bruce Berkowitz, who resigned from the board. Sturges currently is the president and chief executive officer of ... [Read More]

CARMEL, Ind. — J.D. Byrider recently recognized various dealers as winners of its annual awards during the company's November convention in Rancho Palos Verdes, Calif. The Franchise of the Year winners were chosen in three categories — single (one location), mid (two-three ... [Read More]

HOUSTON — The Mint Leasing attributed the difficulty in securing adequate credit streams as reasons for its latest revenue figures remaining off as compared to last year. Company executives detailed the situation recently in its quarterly financial report. For the three-month ... [Read More]

NEW YORK — Fitch Ratings recently provided outlooks for 33 classes of subprime auto loan asset-backed securities, and just over half, or 61 percent, gained stable outlooks. Meanwhile, the other 39 percent received a negative outlook. Overall, 33 classes from 17 ... [Read More]