SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $200.5 million asset-backed non-recourse secured financing deal. Per this transaction, the company contributed loans having a net book value of approximately $250.8 million to a wholly-owned special purpose ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of Web-based financial services and technology for independent dealerships, recently partnered with Preferred Automobile Credit Co., a growing indirect subprime auto finance company. In explaining why Finance Express broadened its lender ... [Read More]

HOUSTON — One of Experian Automotive’s top experts will be the keynote speaker at the National Alliance of Buy-Here, Pay-Here Dealers’ Conference in November. Director of automotive credit for Experian Automotive Melinda Zabritski will work to dispel the myths of BHPH ... [Read More]

MINNETONKA, Minn. — Buy-here, pay-here dealership chain CarHop announced Wednesday the appointment of a new director of inventory and service strategy. Tapped for the position is Matt Dickinson, who will lead the efforts of the company’s vehicle buying, reconditioning, service ... [Read More]

WASHINGTON, D.C. — The American Bankers Association's latest Consumer Credit Delinquency Bulletin showed auto loan delinquencies were on the rise during the second quarter as were most loan and credit segments. The association discovered that quarter-over-quarter direct auto loan delinquencies ... [Read More]

ALEXANDRIA, Va. — Boosting claims of an expected year-over-year decline for all of 2011, the American Bankruptcy Institute determined U.S. consumer bankruptcy filings through the first nine months of the year dropped by double digits compared to the same time ... [Read More]

BENTONVILLE, Ark.— America’s Car-Mart recently revealed its two newest dealerships, one which marks the company’s first store in Mississippi. The two new rooftops, located in Nicholasville, Ky., and Columbus, Miss., bring the company’s store count to 110. William “Hank” Henderson, ... [Read More]

ATLANTA — Rising to levels rarely seen in past three years, Equifax discovered this week that new-loan originations between January and June climbed 15 percent compared to the same period a year ago. At 1.7 million, Equifax indicated June loan ... [Read More]

CARMEL, Ind. — This week, J.D. Byrider hired one of its most successful franchisees to serve as the company's chief operating officer. As the owner of five J.D. Byrider franchise locations in Ohio and Pennsylvania, Rob Palmer now will be ... [Read More]

SARASOTA, Fla. — Leedom Group announced that in an effort to better serve the needs of its dealer clients and the buy-here, pay-here industry as a whole, it has moved the dates of next year’s Buy-Here, Pay-Here World Convention to ... [Read More]