CINCINNATI — A new finance company servicing dealers and consumers in Ohio is now taking credit applications online. Officials from Buckeye Auto Finance explained their online platform is designed to assist potential nonprime purchasers with important approval criteria such as: ... [Read More]

ATLANTA — A big part of the American dream has always been owning a vehicle. Most private purchases are made via loans and leasing, and in the heady years leading up to the financial crisis, pretty much any would-be buyer ... [Read More]

DETROIT and ALEXANDRIA, Va. — Two major dealer associations reiterated their concerns about what's happening in Washington, D.C., nowadays, beyond the solution lawmakers hammered out earlier this week to end the partial government shutdown and lift the debt ceiling. First, ... [Read More]

IRVINE, Calif. — Mobile resource management and business intelligence solutions provider Spireon chose a new chief information officer this week to direct the company's key information technology initiatives. Tapped for the position was Sam Balooch. "Sam is a true information ... [Read More]

ATLANTA — FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, rolled out solution this week for subprime auto lenders looking to reach these consumers more effectively. The company launched ... [Read More]

NEW YORK — After the auto loan portion of the S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian in June, the reading now has inched up three months in ... [Read More]

CARY, N.C. — As multiple captive finance companies make special considerations for furloughed federal workers, the ongoing turmoil on Capitol Hill over the government shutdown and debt ceiling appears to be having a pronounced impact on potential sales. Kelley Blue ... [Read More]

CINCINNATI — Swapalease.com reported on Tuesday that average vehicle lease prices declined 2.0 percent year-over-year based on listings entering the market during September. The site determined prices on leases averaged $582.02 in September, down from $593.66 in September of last ... [Read More]

McLEAN, Va. and DETROIT — Capital One Financial Corp. and General Motors extended their relationship that can help consumers earn rewards toward the purchase or lease of a vehicle. The companies along with MasterCard announced a multi-year extension of their ... [Read More]

LOS ANGELES — Westlake Financial Services recently announced a new $200 million securitization jointly led by Wells Fargo and the Royal Bank of Scotland. Officials indicated the securitization closed on Sept. 25 with all bonds sold on the investor market. ... [Read More]