SANTA MONICA, Calif. — With the industry recovery fueled in part by loosening credit for subprime buyers, Edmunds.com want to find out which vehicles are being purchased most often by consumers with less than perfect credit. Three models from one ... [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered the level of new-vehicle contracts lasting 72 months or longer softened a bit last month, but the penetration still landed higher than May of last year. According to J.D. Power's May ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 115th dealership and its fifth location in Tennessee earlier this week. The company's newest store is in Madison, Tenn. "We continue to grow our company and are very proud ... [Read More]

LAKE FOREST, Calif. — Field services provider National Creditors Connection recently revamped its website, which now contains what company officials say is a streamlined and modernized look with new content and features. NCCI highlighted the site's new look and feel ... [Read More]

KNOXVILLE, Tenn. — Spireon, the parent company of GPS tracking provider GoldStar GPS, rolled out what it's calling the industry's first GPS vehicle tracking buyer's guide for dealers who are new to the buy-here, pay-here market. Officials believe this guide ... [Read More]

TORONTO — Late last week, Auto Remarketing and SubPrime Auto Finance News confirmed retirement and succession plans for TD Auto Finance's chief executive officer. Company spokesperson Mohammed Nakhooda indicated that after a 39-year career in the industry, Tom Gilman has ... [Read More]

WASHINGTON, D.C. — Five federal supervisory agencies recently released a Memorandum of Understanding aimed at clarifying how the agencies will coordinate their supervisory activities consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The five agencies joining forces ... [Read More]

WASHINGTON, D.C. — With analysts maintaining that subprime auto lending is surging, the Economic Advisory Committee of the American Bankers Association recently issued a cautionary assessment about how the U.S. economy will continue to grow at a moderate pace. However, ... [Read More]

WASHINGTON, D.C. — With many young adults fresh from high school and college graduations, officials from Americans Well-Informed on Automobile Retailing Economics (AWARE) shared several tips for these individuals who might be ready to buy their first vehicle. AWARE emphasized ... [Read More]

SAN DIEGO — Low loan default rates and high prices on repossessions are factors in one vehicle leasing company's decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company ... [Read More]