DETROIT — According to Comerica Bank, consumers are likely reducing the average cost of vehicles by simply turning to smaller models. Dana Johnson, chief economist of Comerica Bank, pointed to this as a possible trend after the latest auto affordability ... [Read More]

ARLINGTON, Va. — Reflecting the current economic landscape, the Consumer Bankers Association's 2008 Automotive Finance Study found that delinquencies climbed 6 percent for new vehicles and 13 percent for used. While the study generally focuses more on the prime credit spectrum ... [Read More]

LAS VEGAS — During this week's National Alliance of Buy-Here, Pay-Here Dealers conference, Tom Kontos, ADESA's vice president of customer strategies and analytics, offered his analysis of the marketplace. He started off his presentation by talking about the presidential candidates and ... [Read More]

LAS VEGAS — Operators discussing best operating practices took the stage this week at the National Alliance of Buy-Here, Pay-Here Dealers convention. Several operating managers came together this week to share insights with the audience in the panel titled "Best Operating Practices ... [Read More]

LAS VEGAS — Day two of the National Alliance of Buy-Here, Pay-Here Dealers' conference was filled with recognition, the latest BHPH benchmarks, motivational speeches and more. One of the highlights of the day was Ingram Walters, dealer and co-host of the ... [Read More]

LAS VEGAS — The last day of the National Alliance of Buy-Here, Pay-Here Dealers conference will take place today. Panels will include topics such as improving underwriting and collections, capital markets, avoiding compliance pitfalls and more. Ken Shilson, founder of the ... [Read More]

LAKE SUCCESS, N.Y. — Despite what it called moves by some of its financing source customers to curb credit origination volume, DealerTrack Holdings reported a strong upswing in revenue growth for the first quarter of 2008, the company stated. According to officials, ... [Read More]

PHOENIX — DriveTime announced earlier this week that it has significantly expanded the company's primary credit facilities and bolstered its capital. According to officials, DriveTime boosted it warehouse credit facilities on Apr. 29 to a combined $735 million from $500 million. ... [Read More]

NORTH RICHLAND HILLS, Texas — Cypress Software Systems, which specializes in developing automated credit-application decision support technology, recently announced that the company has become a member of the National Automotive Finance Association. "Our membership with the NAF Association will help us ... [Read More]

SARASOTA, Fla. — Auto Dealer Monthly recently unveiled the dates and location for its 2008 Special Finance Convention, which is scheduled for Aug. 17 to 19 at the Fairmont in Dallas. "With our educational programs available based on skill and sales ... [Read More]