REDWOOD CITY, Calif. — Some of the May metrics included in the latest RDN Monthly Analytics Update reversed course from the downward movement reported a month earlier. Analysts indicated May recovery volumes ticked up 2 percentage points versus the April ... [Read More]

SAN DIEGO — The SubPrime Forum, the new addition to Used Car Week 2013, is boasting a growing speaker lineup that is incorporating top executives from some of the leading finance companies, including Consumer Portfolio Services, Westlake Financial Services and ... [Read More]

CARY, N.C. — SubPrime Auto Finance News is hosting one of NCM Associates' top buy-here, pay-here trainers for a free webinar to help dealers make better decisions regarding reconditioning. BHPH specialist Gene Daughtry will explain the different business models and ... [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. announced last week that it has extended the maturity of its credit facility with a commercial bank syndicate. The maturity date moved from June 22, 2015 to June 23, 2016.  "There were no material ... [Read More]

LAS VEGAS — Dealer Tac, a comprehensive nationwide network database aimed at improving repossession and recovery efforts for buy-here, pay-here dealerships, is looking to expand to meet growing demand. With more than 6,000 BHPH stores already in its system, Dealer ... [Read More]

CARY, N.C. — Two auto industry leaders who have close relationships with Rick Hackett, the assistant director of the Consumer Financial Protection Bureau whose jurisdiction included vehicle financing, shared nothing but glowing assessments of the regulator who announced he was ... [Read More]

SANTA MONICA, Calif. — While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That's according to the 2013 Edmunds.com ... [Read More]

IRVINE, Calif. — This week, Consumer Portfolio Services closed its second term securitization of the year. The transaction is CPS's ninth senior subordinate securitization since 2011. In the transaction, the company highlighted that qualified institutional buyers purchased $205 million of ... [Read More]

HAUPPAUGE, N.Y. — Officials from cuautocoupon — a company intent on generating more vehicle financing business for dealers and credit unions — recently announced the signing of three Long Island credit unions to their growing network. The new additions include ... [Read More]

LAKE SUCCESS, N.Y. — Along with introducing a new online trade-in appraisal tool, Dealertrack Technologies is hosting a free webinar titled, "Your Top 5 Compliance Concerns for the Summer." The session is scheduled for 2 p.m. ET on Thursday. On ... [Read More]