SOUTHFIELD, Mich. — As company executives highlighted how much financing volume moved into its second quarter because of delayed federal income tax refunds, Credit Acceptance Corp. also discussed the impact the Consumer Financial Protection Bureau is having on its business. ... [Read More]

HOUSTON — Ken Shilson, the president of the National Alliance of Buy-Here, Pay-Here Dealers, wants both new and experienced operators to be able to do at least one thing very well, no matter if they sell one vehicle a month ... [Read More]

NEW YORK — Despite a slight uptick in loss rates in June, Fitch Ratings insisted U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record low. Analysts explained ... [Read More]

CARMEL, Ind. — NextGear Capital announced a new vice president of operations and business development last week. Named to the role was Peter Grupposo, who will head up the company's market portfolio strategies and field operational structure. He will be ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BANDON, Ore. — The finance office stayed busy in July working up contracts for used vehicles as CNW Research determined 68.9 percent of all used sales last month included financing, a rise ... [Read More]

WESTLAKE VILLAGE, Calif. — The J.D. Power 2013 U.S. Dealer Financing Satisfaction Study showed dealer satisfaction increased in all finance provider areas for the second consecutive year. What extended the upward trend? J.D. Power indicated this week that appeal for ... [Read More]

BENTONVILLE, Ark. — Earlier this week, America's Car-Mart opened its second store in Georgia, the second new dealership launch of its 2014 fiscal year. The 126th dealership in Car-Mart's network of buy-here, pay-here lots is located in Rome, Ga. The ... [Read More]

WASHINGTON, D.C. — Not only are lawmakers taking an issue with how the Consumer Financial Protection Bureau conducts its regulatory business, but some legislators now are also questioning what a former high-level bureau official is doing now that he's back ... [Read More]

FORT LAUDERDALE, Fla. — Earlier this week, AFS Acceptance, a full-service auto finance company serving the subprime financing needs of franchised and independent dealers, secured $20 million in subordinate debt to support expansion of its business. The company highlighted the ... [Read More]

TORRANCE, Calif. — Toyota Financial Services will soon have a new president and chief executive officer.  The company announced earlier this week that George Borst is retiring at the end of September, and filling his shoes as president and CEO ... [Read More]