MONTREAL — In an industry segment where consumers sometimes stop payments all together, subprime service provider iMetrik Solutions has introduced something that could help asset holders reduce liabilities. The company announced its new "iMetrik-collect" Web-based software that is designed to help auto finance companies and buy-here, ... [Read More]

WASHINGTON, D.C. — In addition to retaining his role as senior adviser to the Secretary of Treasury for the President's Task Force on the Automotive Industry, President Obama announced Monday that Ron Bloom is also taking on the role as the ... [Read More]

JACKSONVILLE, Fla. — Advanced Business Computers of America recently announced an improvement to its DMS system, which is called Deal Pack. The DMS system now offers a fully integrated floor planning solution for dealers. From roll fees to floor plan reserves, ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne has partnered with two new companies to further enhance its dealer offerings.  In one of the partnerships, RouteOne announced it is now incorporating Carfax Vehicle History Reports into its company's Web-based platform. This can give dealers access to their ... [Read More]

COSTA MESA, Calif., and NEW YORK — Apparently, consumers are continuing to migrate to lower credit bands. In fact, the number of consumers falling into the super-prime category has dropped by 10 percent since the third quarter of 2008, as measured ... [Read More]

ALEXANDRIA, Va. — Bankruptcy filings in August again increased over the same month in the prior year. However, on the brighter side, the number of filings was a decline from July. More specifically, the American Bankruptcy Institution reported 119,874 consumer bankruptcy ... [Read More]

WASHINGTON, D.C. — As many Americans this Labor Day deal with record high levels of unemployment, Americans Well-Informed on Auto Retailing Economics pointed out that the importance of transportation when looking for jobs is vital. The group went on to say ... [Read More]

FORT WORTH, Texas — With many companies and reports finding that repossessions and defaults are on the upswing, recovering these vehicles has become even more important to lessening charge-offs and bolstering bottom lines. To help recover these vehicles, Toyota Financial Services recently ... [Read More]

CHICAGO — TransUnion.com discovered that the national 60-day auto delinquency rate declined between the first and second quarter from 0.83 percent to 0.73 percent. However, the annual delinquency rate was another story. The company reported that the annual rate climbed 7.35 ... [Read More]

CUPERTINO, Calif. — In tough economic times, customers can get behind or become unable to make payments. Walking the line between getting the customer current and keeping him willing to pay and hurting the relationship can be tricky.  With Chordiant Software's ... [Read More]