NEW YORK — Positively impacted by gains in net financing revenue, GMAC reported Thursday that, based on preliminary results, its global automotive services business posted pre-tax income from continuing operations of $309 million during the fourth quarter, a significant upswing from the pre-tax loss ... [Read More]

HOUSTON — Franchise dealers enter 2010 with many of the same challenges they have faced for the last 24 months: 1) excess facilities, 2) slumping vehicle sales, 3) decreasing average credit scores of their customers, 4) tougher credit approvals from ... [Read More]

HANOVER, Md. — Hudson Cook, CounselorLibrary.com and Auto Advisory Services will be hosting a special auto financing workshop next month in Orange County, Calif., that will touch on a variety of legal issues within the industry. As some may know, all of these companies ... [Read More]

ALEXANDRIA, Va. — Though consumer bankruptcies in January fell 10 percent from the previous month, this isn't necessarily indicative of things to come. In fact, the American Bankruptcy Institute suggested Tuesday that various economic pressures could push bankruptcies this year past their ... [Read More]

CARY, N.C. — SubPrime Auto Finance News announced this morning that today is the last day to submit nominations for the second annual listing of the top 75 subprime companies in the March/April edition. Please move quickly, as nominations will close ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne has launched a new online lead and credit application tool for dealers that can help them manage and track customer leads, help make their online marketing activities more effective, and extend the reach of finance departments to their ... [Read More]

FORT WORTH, Texas — On Wednesday, AmeriCredit's president and chief executive officer announced that the company has "substantially completed the rebuild of our originations structure." This included reopening one regional credit center and increasing staffing for sales, underwriting and funding areas. ... [Read More]

CARY, N.C. — Nominations are now open for the second annual listing of the top 75 subprime companies in the March/April edition of SubPrime Auto Finance News. But please move quickly, as nominations will close end-of-day Tuesday, Feb. 2. "We are ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced Wednesday that it has named a senior attorney for its indirect lending business unit, which provides compliance tools and services to marine, RV and dealerships, and the lenders that serve them. Serving in this ... [Read More]

COLUMBUS, Ohio — Huntington Bancshares Finance & Dealer Services Group was the announced today that it is the No. 1 lender in Ohio for the fourth quarter of 2009. Huntington's share of loans for financing the sales of new and used ... [Read More]