WESTLAKE VILLAGE, Calif. — Power Information Network recently reported that credit tightening is occurring throughout the auto industry, with down payments on new vehicles growing as a result. More specifically, the company indicated that down payments as a percentage of the ... [Read More]

GARDEN CITY, N.Y. — Starting tomorrow, Chase Auto Finance will begin offering subvented loans and leases for Mazda's North American operations, a spokeswomen for the lender told SubPrime Auto Finance News this week. By Jan. 1, 2009, Mazda will use Chase exclusively for ... [Read More]

POWAY, Calif. — First Advantage CREDCO reported that its CreditMaster solutions is now integrated with Reynolds and Reynolds' dealer management system POWER, in addition to recently announcing it is hosting a Webinar on the Red Flag Rule, as well as launching ... [Read More]

NEW YORK — Asbury Automotive Group announced Monday that it has closed on a number of new senior debt facilities, providing approximately $800 million of replacement financing. These agreements replace an existing $550 million syndicated facility that included a $75 million ... [Read More]

BANDON, Ore. — Even vehicle shoppers with prime credit ratings are having a tougher time getting their auto loans approved by lenders, CNW Research indicated this morning. This trouble has hit borrowers across the board for all credit categories. The percentage ... [Read More]

McLEAN, Va. — On Wednesday, the National Auto Dealers Association addressed the challenge dealers are facing in getting auto loan applications approved. The association indicated that industry experts agree that the economics of auto financing are sound and that vehicle financing ... [Read More]

RALEIGH, N.C. — In response to increased demand for services to support the repossession and remarketing of non-performing assets, Consolidated Asset Recovery Systems and PassTime USA announced they have formed a strategic partnership. This partnership will allow the companies to incorporate ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced Wednesday that Kelley Blue Book's vehicle values have been added into the RouteOne vehicle values tool. The addition of Kelley Blue Book values will allow dealers and finance sources to implement them on the RouteOne ... [Read More]

DETROIT — Autodata Solutions announced that it will equip PriceWheels, a leading facilitator between consumers and retailers in the auto industry, with comprehensive vehicle data to support the company's new site called AutoLoanDaily.com. Essentially, AutoLoanDaily.com plans to include Autodata Solutions' incentive and ... [Read More]

WASHINGTON, D.C. — The Consumer Federation of America analyzed the most recent Federal Reserve Board Survey of Consumer Finances and reported that Latinos pay much higher used-car loan rates than do other Americans. Basically, slightly more than half of all auto ... [Read More]