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]

CHICAGO — TransUnion.com released an analysis of the auto loan market this morning. The company found that for the second quarter of this year the 60-day auto delinquency rate was up double digits compared to the prior year; however, this figure ... [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]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced that Dealer Acceptance Credit Corp. has entered an agreement to join the Finance Express online auto finance program. Dealer Acceptance Credit Corp. offers retail financing in central and southern Ohio, northern Kentucky ... [Read More]

CARMEL, Ind. — In an exclusive with SubPrime Auto Finance News, KAR Holdings' AFC and AFCD announced Wednesday that they are downsizing operations within certain markets, in addition to trimming the overall work force. This move is due to the steady ... [Read More]

EDEN PRAIRIE, Minn. — GE Capital Solutions Fleet Services announced it is hosting a free online seminar called Vehicle Remarketing for Subprime Auto Lenders — Trends that will Affect Your Bottom Line in 2009 on Oct. 7. Specific info includes: Tuesday, Oct. ... [Read More]

LAS VEGAS, Nev. — F&I Technology announced Wednesday the winners of its Captive and Non-Captive Funders of the Year. These awards were presented at the F&I Technology Conference and Expo in Las Vegas and sponsored by RouteOne LLC. Readers of F&I ... [Read More]