NEW YORK — Now that the U.S. doesn't appear to be going over the fiscal cliff because of measures taken by federal lawmakers this week, the projections made by Fitch Ratings about this year's auto ABS asset and ratings performance ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 BANDON, Ore. — Subprime auto loan approvals jumped by at least 40 percent during each of the last four months of 2012, according to data produced by CNW Research. December's year-over-year ... [Read More]

SOUTHFIELD, Mich. and CLEARWATER, Fla. — Credit Acceptance Corp. and Nicholas Financial each modified credit arrangements to wrap up 2012 financial activities. At Credit Acceptance, the company extended the date on which its $325.0 million revolving secured warehouse facility will ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SACRAMENTO, Calif. — Buy-here, pay-here dealers in California began 2013 with more state regulations. But reflecting back on what the potential rules might have been, the National Independent Automobile Dealers Association ... [Read More]

CARY, N.C. — Print subscribers should notice SubPrime Auto Finance News having a significantly different look when the first print edition of 2013 arrives. Marking the first large redesign of the print edition since being launched seven years ago, management ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services this week announced the closing of its fourth term securitization of the year. Officials said the transaction is CPS' seventh senior subordinate securitization since 2011. In the transaction, qualified institutional buyers purchased $160 million ... [Read More]

OVERLAND PARK, Kan. — NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are ... [Read More]

JACKSONVILLE, Fla. — FIS recently announced that VW Credit will deploy FIS' AutoSuite automotive finance solution for its North American loan and lease processing. Officials also highlighted VW Credit will deploy FIS' Default Manager solution for customer service, collections and ... [Read More]

IRVING, Texas — The subprime auto finance market certainly changed in the past 12 months. A host of factors such as pent-up demand and significant capital injections created a situation of companies reentering the subprime sector after shying away from ... [Read More]

LOS ANGELES — Westlake Financial Services announced a major update to the DealerCenter website, which is operated by Nowcom Corp., Westlake's sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake's proprietary Buy Program ... [Read More]