ATLANTA — While data from Equifax showed the total amount of debt consumers absorbed in the third quarter dipped year-over-year, borrowing to make a vehicle purchase gained steam during the time span. Equifax indicated that across the country, auto bank ... [Read More]

ATLANTA — After the company acquired the assets of Resurgent Auto Finance back in August and secured nearly $100 million in funding from a New York-based investment firm, Global Lending Services recently bolstered its executive team — a contingent that ... [Read More]

LAKE SUCCESS, N.Y. — Coming this week is the next session in a series of webinars from Dealertrack Technologies on best practices associated with compliance. The free webinar, which will hosted by Dealertrack compliance counsel Randy Henrick, will focus on ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 PITTSBURGH — Women are now the fastest growing segment of new- and used-car buyers. Typically, however, women car buyers don't lease nearly as much as men.   The consensus among dealers is ... [Read More]

LAKE SUCCESS, N.Y. — What dealers have known as DealerTrack Holdings not only reported its third-quarter financial results this week, but the company changed its name. Going forward, the company is now known as Dealertrack Technologies. As far as its ... [Read More]

DEERFIELD BEACH, Fla. — World Omni Financial Corp. revealed this week it has named a new president. Tapped for the position is Dan Chait, who joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial ... [Read More]

CARMEL, Ind. — Coinciding with the opening of its fifth buy-here, pay-here dealership in North Carolina, J.D. Byrider recently reached a new milestone: $1 billion in outstanding retail installment contracts. During the 23 years the company has been in business, ... [Read More]

CARMEL, Ind. — KAR Auction Services management reiterated a pledge this week to make Automotive Finance Corp. an even greater resource for independent dealers with intentions to expand floor planning opportunities for salvage vehicles as well as motorcycles, recreational vehicles ... [Read More]

DETROIT and HAUPPAUGE, N.Y. — As well as GrooveCar, a provider of point-of-sale credit union auto lending, Ally Financial is rolling out deferred payment assistance to customers in areas affected by Superstorm Sandy. Ally said today that it will offer ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute found total filings in the United States for October increased 16 percent compared to September. According to data provided by Epiq Systems, October bankruptcy filings totaled 101,278, up from the 87,522 filings registered ... [Read More]