MINNEAPOLIS — FICO insists more vehicle lenders are synchronously migrating to the FICO 8 Auto Score — with most companies set to complete the adoption process by May. Officials indicated a number of lenders have already migrated to the FICO ... [Read More]

MONTOURSVILLE, Pa. — AutoTrakk, a vehicle leasing company specializing in the subprime market, recently was granted a patent by the U.S. Patent and Trademark Office. Patent No. U.S. 7860764 B1 officially recognizes the AutoTrakk method and system for leasing vehicles ... [Read More]

EDINA, Minn. — CarHop, a buy-here, pay-here dealership group, is now advertising that its underwriters can get customers financed with as little as $249 down through the end of March. The company has stores in 11 states throughout the U.S., and ... [Read More]

WASHINGTON, D.C. — Kicking off next month, the Federal Trade Commission will host roundtable discussions with dealers, financial experts and the public to explore consumer protection issues related to the sale, financing and leasing of light vehicles. Basically, federal officials ... [Read More]

IRVINE, Calif. — Autobytel and Kelley Blue Book extended their current relationship this week by expanding KBB's subprime auto finance offerings through Autobytel's website Car.com. The new agreement can allow Kbb.com site visitors with credit challenges and in need of ... [Read More]

DETROIT — In a major leadership shift, General Motors revealed Thursday morning that vice chairman and chief financial officer Chris Liddell will step down from his post on April 1. The automaker also announced that replacing Liddell as CFO will ... [Read More]

ATLANTA — DealerTrack formed a partnership this week to provide lenders access to The Work Number, an automated solution for employment and income verification from Equifax. Officials explained The Work Number will be integrated into the DealerTrack Digital Document Services ... [Read More]

CHARLOTTE, N.C. — "The Really Big Thing" is special sales event now being offered via Honda dealers and includes low cost leases and incentives. For a limited time during "The Really Big Thing Honda Lease Sales Event," the automaker is offering ... [Read More]

NEW YORK — DBRS recently reviewed last year's auto ABS performance and gave reasons why this year's used-vehicle market in particular should remain relatively strong. DBRS explained that auto ABS was the largest sector by securitization volume in 2010, although ... [Read More]

BENTONVILLE, Ark. — America's Car-Mart expanded its dealer network to 105 stores by opening its seventh rooftop in Alabama. The newest operation is located in Anniston, Ala. "We are pleased to announce the opening of our seventh location in Alabama. ... [Read More]