Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Experian Offers Used-Vehicle Market Snapshot

Nick Zulovich
LAS VEGAS — A senior vice president with Experian Automotive recently provided a snapshot into the used-vehicle market, in addition to sharing some year-over-year credit statistics at the National Remarketing and inaugural Pre-Owned Automobile Dealers Alliance meetings last week. On hand ... [Read More]

CPS Increases Managed Portfolio Assets

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced today it has entered into agreements to assume servicing responsibilities on auto receivables owned by a subsidiary of Atlanta-based consumer credit provider CompuCredit Corp. As part of the transaction, CPS teamed up with alternative ... [Read More]

Daimler Financial has Optimistic 4Q Outlook Despite Sales Drop

Nick Zulovich
BERLIN — Even though Daimler Financial Services recorded a 7-percent drop in vehicle sales to 58.7 million euros through the third quarter of 2009, the company announced today it expects to post positive results in the final quarter of the year ... [Read More]

Sonic Purchases RouteOne Compliance Subscriptions for Its Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that subscriptions to its IDOne and SecureDocOne tools will be provided by Sonic Automotive to all its dealerships nationwide. The investment is designed to assist Sonic's dealers in meeting FTC compliance requirements through ... [Read More]

GMAC: More than 90% of Chrysler Dealers Who Applied Expected to Get Floor Planning Agreements

Nick Zulovich
DETROIT — GMAC announced Monday that it has ramped up its position as the preferred financing source for the Chrysler Group, its dealers and customers. Ultimately, more than 90 percent of Chrysler dealerships who applied for wholesaling lines are expected to be ... [Read More]

ABI: Yearly Bankruptcy Filings on Pace for Highest Total Since 2005

Nick Zulovich
ALEXANDRIA, Va. — Consumer bankruptcy filings in October were up almost 28 percent from a year ago, according to the American Bankruptcy Institute, which projected Wednesday that year-end total bankruptcies will likely reach more than 1.4 million, marking a four-year high. ... [Read More]

Wolters Kluwer: Banks, Credit Unions Find Indirect Lending Crucial to Growth

Nick Zulovich
MINNEAPOLIS — In a bit of good news for auto dealers, a majority of banks and credit unions surveyed recently by Wolters Kluwer Financial Services said the indirect lending will be vital to their growth in the next two years, though ... [Read More]

DealerTrack Posts Improved 3Q Results, Revises Yearly Guidance

Nick Zulovich
LAKE SUCCESS, N.Y. — Though it still recorded a net loss, DealerTrack showed year-over-year improvements in its third-quarter financial results, and the company's leadership says it is pleased with the performance and the progress DealerTrack has made. Specifically, the company recorded a ... [Read More]

GMAC Shows 3Q Strength in Auto Financing Business

Nick Zulovich
NEW YORK — Boosted by originations returning to more normal levels, credit improvements and used-car prices, GMAC reported this week that it global auto finance business had a third-quarter pre-tax income from continuing operations of $395 million, compared to a pre-tax ... [Read More]

FTC Delays Red Flags Enforcement Again

Nick Zulovich
WASHINGTON, D.C. — Prompted by Congress, the Federal Trade Commission has again pushed back its enforcement of the Red Flags Rule until June 1 for financial institutions and creditors that fall under its jurisdiction. FTC enforcement of the rule — which was ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X