AUBURN HILLS, Mich. — In Chrysler's August sales report, the company said that while sales are down 34 percent from last year, they are up 12 percent over July thanks to enhanced financing offers, efforts to shift lease-oriented customers to purchasing and ... [Read More]

WOODCLIFF LAKE, N.J. — The president of BMW of North America said Wednesday that the company strongly believes in continuing to offer leasing for its customers; however, he indicated that the company did shift APRs on purchases to drive a better ... [Read More]

ALEXANDRIA, Va. — Looking specifically at August, the American Bankruptcy Institute reported that U.S. consumer bankruptcy filings increased 29.2 percent from the same period a year ago. The overall August consumer filing total of 96,413 also set a single month high ... [Read More]

HANOVER, Md. —The National Automotive Finance Association announced it has published its 2008 Non-Prime Automotive Financing Survey. The survey, conducted by outside consultant BenchMark Consulting International analyzes 2007 year-end data. This year, 26 companies participated in the survey, representing large ... [Read More]

I've often said that one of the most difficult jobs at CenterOne Financial Services is that of a collector, working with financially challenged customers all day, every day. And although the job is difficult, it doesn't have to be complex. ... [Read More]

ARLINGTON, Va. — The Consumer Bankers Association's Fair Lending Conference offers timely content and has the ability to attract speakers with insight on the issues. This year's event will be held Nov. 5-7 at the Ritz Carlton Pentagon City in Arlington, ... [Read More]

NEW YORK — GMAC Financial Services announced it partnered with Operation HOPE and the Greater Harlem Chamber of Commerce to offer the seminar "Take Your Life Back and Get Out of Debt," which was held Aug. 23, during the final week ... [Read More]

WASHINGTON, D.C. — Taking a deeper look into the Federal Deposit Insurance Corp.'s Quarterly Banking Profile, SubPrime Auto Finance News discovered details on auto loans. Looking at maximum credit exposure for auto loans, SubPrime found that this figure is declining, coming ... [Read More]

ALEXANDRIA, Va. — In a mounting trend of more filings, the total number of U.S. bankruptcies filed during the first six months of this year grew by 29.2 percent over the same period in 2007, according to data released Wednesday by ... [Read More]

SANTA MONICA, Calif. — Zag recently announced it has named a new company president and chief operating officer. Automotive industry e-commerce innovator Chris Porch has joined the company in this role. According to officials, Porch is a hands-on leader who excels ... [Read More]