Wednesday, April 25, 2007 - 8:00pm

ATLANTA — In a recent conference call, Tom Webb, Manheim's chief economist, discussed the bottom dropping out of the subprime mortgage market, saying there will be no similar trend occurring in the subprime auto lending market. "Let's face it, a lot of the subprime mortgages were what we'd... Read More

Wednesday, April 18, 2007 - 8:00pm

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has expanded its fleet of vehicles used to provide in-house dealership consultations throughout the country. These fully contained Ford step vans can be dispatched to dealerships in major metropolitan areas throughout the nation so ADI... Read More

Wednesday, April 18, 2007 - 8:00pm

FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure of helping AmeriCredit go full-spectrum was just too... Read More

Wednesday, April 18, 2007 - 8:00pm

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the history of the industry," announced Ken Shilson, founder of the NABD and... Read More

Wednesday, April 18, 2007 - 8:00pm

RANCHO CUCAMONGA, Calif. — Although down from a record 19.3 percent in 2005, credit unions maintained a strong market share in 2006, originating 18 percent of auto loans, according to CU Direct Corp.'s inaugural Auto Lending Business Intelligence Report. According to CUDL, credit union members have the... Read More

Wednesday, April 11, 2007 - 8:00pm

CHESTER, Pa. — Wells Fargo & Co. is marking two special milestones in 2007. Wells Fargo & Co. is turning 155, and this month Wells Fargo Auto Finance celebrates 60 years of providing auto financing. "Being in business for 60 years exemplifies the strength and stability of the Wells Fargo brand and its... Read More

Wednesday, April 11, 2007 - 8:00pm

LOS ANGELES — Spanish Lead Services recently launched Creditodeauto.com to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas this past February,"... Read More

Wednesday, April 11, 2007 - 8:00pm

LOS ANGELES — CarsDirect.com's newly redesigned Used Car Channel is an ideal avenue for subprime dealerships and other independent dealers to retail their older inventory, according to Josh Evans, vice president of dealer relations. After nine months in development, officials unveiled several modifications... Read More