DEARBORN, Mich. — Although its net income grew in the fourth quarter, Ford Motor Credit revealed Friday that its 2011 net income softened slightly from what it compiled a year earlier. Executives reported their net income settled at $1.8 billion ... [Read More]

DALLAS — While also highlighting the company's revamped website, Automotive Finance Corp. announced a new national floor planning promotion this week. During festivities at the company's official 25th anniversary celebration hosted at ADESA Dallas, AFC said it is giving away ... [Read More]

ARLINGTON, Texas — The National Independent Automobile Dealers Association has appointed a legislative/regulatory/compliance counsel, revealing Wednesday that Mac Murray, Peterson & Shuster LLP has taken on the role. The New Albany, Ohio, firm is headed up by Betty Montgomery, who ... [Read More]

ATLANTA — Expanding more on the recent deal to buy Dealer Services Corp., Patrick Brennan, group vice president for Manheim Financial Services, told SubPrime Auto Finance News today that at first, dealers and clients won't see many changes. Business will remain ... [Read More]

CARY, N.C. — Nearly two years after first delving deeper into the industry with a new weekly e-newsletter, Cherokee Automotive Group is rebranding its repossession and recovery media property with an eye on broadening its audience online and through industry ... [Read More]

SANTA MONICA, Calif. — Edmunds.com revisited a discussion this week that's been on the radar of finance associations, lenders and the new Consumer Financial Protection Bureau — how members of the U.S. military are particularly vulnerable to deceptive practices by ... [Read More]

COSTA MESA, Calif. — Experian's fourth quarter Business Benchmark Report showed general improvement in business performance in most categories such as bill payments and delinquencies quarter over quarter. However, analysts acknowledged metrics remained negative from a year-over-year perspective. Experian discovered ... [Read More]

CARY, N.C. — The CarMark Certified Pre-Owned program, an industry leader in  comprehensive third-party pre-owned vehicle certification programs, announced recently that three new dealers — two in West Virginia and one in California — have joined its ranks and are ... [Read More]

Chandler, Ariz. — Bankruptcy marketing company OnlineBKmanager.com revealed late last week it is now partnering with AFS Acceptance in an effort to expand its Lender Partner Program. This program is designed to help give dealers bankruptcy leads, as well as ... [Read More]

EDINA, Minn. — For the second time this month, CarHop broadened its network of buy-here, pay-here dealerships. After venturing into California for the first time as well as placing another store near Chicago, CarHop opened its fourth rooftop in Colorado ... [Read More]