CHICAGO — In order of credit importance in consumers' eyes, TransUnion discovered this week that an auto loan ranks No. 1. TransUnion recently updated a study that found in 2011 consumers were more likely to pay their auto loans before their ... [Read More]

SANTA MONICA, Calif. — As credit loosens, confidence in the economy improves and gas prices climb, consumers are heading back to the lots, according to the sales forecast from Edmunds.com.  As these factors drive rising auto sales, analysts contend that after ... [Read More]

FORT LAUDERDALE, Fla. — Subprime lender Southern Auto Finance Co. revealed this week it is expanding into new markets in the Midwest. Now servicing more than 2,000 automobile dealerships in nine states, SAFCo announced its services are now available in the Illinois, Indiana, Michigan ... [Read More]

ARLINGTON, Texas — Earlier this week, SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised stores, finance companies, banks and credit unions, revealed its new senior vice president and manager of portfolio acquisitions. Tapped for the role ... [Read More]

TORONTO — It may not yet have a Canadian stronghold, but Mark Dubois envisions the potential for the buy-here, pay-here financing business in Canada. And he’s reaching out to the country’s dealers at a grassroots level during this year’s Auto ... [Read More]

BUFFALO, N.Y. — First Niagara Financial Group entered the indirect auto lending business today, providing what the company says is a variety of vehicle financing options through dealerships across the Northeast. Executives indicated the new program is immediately available in ... [Read More]

MT. ARLINGTON, N.J. — The International Automotive Remarketers Alliance announced today another company has joined its ranks.  Joining the association is automotive finance company General Motors Financial of Canada. Commenting on the news, Matt Marks, executive director of the IARA, ... [Read More]

BIRMINGHAM, England — MG Motor recently tapped GMAC UK, a subsidiary of Ally Financial, to be its preferred wholesale financing provider for dealerships. Officials highlighted this development expands on the existing preferred retail financing relationship between the two companies established ... [Read More]

KNOXVILLE, Tenn, — Stemming from a merger with two other companies, mobile resource management solutions provider ProconGPS announced its new corporate name last week. It officially was launched during a special ribbon-cutting event Saturday at its new technology center, and ... [Read More]

LONDON — Groupon gained traction in the U.S. by offering discounts at places such as restaurants and salons. Now a website in the U.K. is trying to bring the same process to buying a new vehicle. Today, officials from www.FinanceAcar.co.uk ... [Read More]