NEW YORK and DALLAS — As the Federal Reserve discovered total consumer borrowing — including auto loans — accelerated by 8 percent in August, Fitch Ratings cautioned that industry enthusiasm should be tempered as meaningful near-term risk remains as long ... [Read More]

IRVING, Texas — Exeter Finance Corp. recently announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. Management from the specialty auto finance company indicated the ... [Read More]

HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The ... [Read More]

PALATINE, Ill. — The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC's business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then ... [Read More]

WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin showed mixed movements in connection with second-quarter auto loan activity. ABA determined second-quarter delinquencies associated with direct auto loans — contracts arranged directly through a commercial bank — actually ... [Read More]

HOUSTON — Dealers and finance professionals interested in gaining more guidance about being successful in the buy-here, pay-here industry now can register for a day pass if they cannot attend the entire East Coast NABD BHPH Conference. The National Alliance ... [Read More]

LAKE SUCCESS, N.Y., and FARMINGTON HILLS, Mich. — DealerTrack Holdings and RouteOne today announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004.  Under the terms of the settlement, DealerTrack and RouteOne will file a ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute spotted a 14-percent decrease in total bankruptcies through the first nine months of the year as compared to the same span a year ago. Citing data from Epiq Systems, ABI indicated total bankruptcy ... [Read More]

SEATTLE — As dealers continue to search for inventory to match up with subprime buyers, Auction Edge announced today that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne revealed this week that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association. As an endorsed NIADA National Member Benefit Partner, RouteOne highlighted that it ... [Read More]