IRVING, Texas — Coming on the heels of reaching its four-year anniversary and hitting $100 million in total originations, Exeter Finance Corp. announced this week that it entered into a $100 million line of credit with Wells Fargo Bank. Company executives ... [Read More]

SOUTHFIELD, Mich. — A double-digit gain in consumer auto loan unit volume help to push Credit Acceptance Corp. to quarter-over-quarter advances in both net income and revenue. Company executives shared their 2010 first-quarter financial report late last week and mentioned that loan ... [Read More]

NEW YORK — Along with announcing that the parent company has been rebranded to Ally Financial and providing an update on business with Chrysler dealers, GMAC Financial Services reported this week that North American originations came in at $6.7 billion for ... [Read More]

BURLINGTON, Mass. – MoneyAisle.com has launched what its officials call one of the first online auction places for consumers to get competitive rates on auto loans and refinancing. With a rapidly growing network of banks and credit unions, currently more ... [Read More]

SCHAUMBURG, Ill. — Since events of last year so greatly altered how the industry behaves, Experian Automotive planned a free Webinar to share analysis about how much of an impact 2009 has left. The Webinar that will feature Experian's director of ... [Read More]

McLEAN, Va. — Capital One Auto Finance recently completed a survey to learn more about how truly interested consumers are in fuel-efficient and alternative-fuel vehicles. Turns out, the majority of consumers who participated are concerned about these attributes of their future ... [Read More]

DEARBORN, Mich. — Describing first-quarter results, Mike Bannister, chairman and chief executive officer of Ford Credit, said net income was bolstered in part by improvements in the used-vehicle auction markets. The company witnessed lower depreciation expense for leased vehicles thanks to higher auction ... [Read More]

DETROIT — While perhaps not surprising, Toyota is highlighting the way with strong deals in financing this month, while General Motors and Chrysler are apparently not far behind, according to Gary Hoffman, a correspondent for AOL Autos. "In much of the ... [Read More]

WASHINGTON, D.C. — U.S. Senate floor activity is particularly important to the National Automobile Dealers Association and dealership management this week. Lawmakers are ramping up consideration of the proposed Bureau of Consumer Financial Protection, which could completely change how dealerships operate, some ... [Read More]

HOUSTON — Auto Financial Group, an online provider of residual-based financing products for credit unions, recently announced it has signed an agreement with Frankenmuth Credit Union, a Michigan-based institution. Executives explained the agreement means FCU can offer AFG's DrivingSense as both ... [Read More]