WASHINGTON, D.C. — According to the Federal Reserve, the average amount financed on new-car loans at auto lenders is on an upswing. After plummeting to $24,405 in August, perhaps in a reflection of the tight credit markets, this figure has now ... [Read More]

FARMINGTON HILLS, Mich. — Despite an extremely tough environment, Daimler Truck Financial boasted today that it has achieved the No. 1 ranking in the annual dealer satisfaction survey conducted by the American Truck Dealers, a division of the National Automobile Dealers ... [Read More]

McLEAN, Va. — Because the economic recession wreaked havoc on dealership financing, the National Automobile Dealers Association had decided to assemble various professionals to share their expertise on what dealers can do next. Today's NADA Webinar titled "The New Reality of Financing ... [Read More]

BATON ROUGE, La. — Alabama Telco Credit Union recently expanded its relationship with Wolters Kluwer Financial Services. The new deal means the 56,000-member credit union now will utilize the AppOne platform that can automate the indirect lending, credit approval and compliance. ... [Read More]

NEW YORK — Executives from DBRS recently made the request for comments on the proposed rating methodology for U.S. asset-backed transactions backed by retail auto loans. The company said the deadline for all comment submissions is Dec. 18. Individuals can send comments ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently held its three-day Underwriting and Collections Conference in November. Several key topics took center stage, including GPS device analysis, DMS solutions, collections, underwriting and regulatory compliance, among much more. "The conference ... [Read More]

MONTREAL — iMETRIK Solutions is offering a free Webinar for lenders and buy-here, pay-here dealers who are interested in learning more about how technology can improve loan performance. The presentation titled "Best Practices with GPS Collection and Recovery Tools" will be ... [Read More]

ALEXANDRIA, Va. — Total bankruptcy filings continue to trend higher this year — reaching levels not seen in four years — according to the most recent data compiled by the American Bankruptcy Institute. In the third quarter of 2009 alone, ABI found that ... [Read More]

CHICAGO — In its latest auto lending analysis, TransUnion.com discovered that the national 60-day delinquency rate climbed between the second and third quarters from 0.73 percent to 0.81 percent. Meanwhile, the year-over-year delinquency rate grew by 1.25 percent in the third ... [Read More]

NEW YORK — Despite various negative indicators, U.S. auto asset-backed securities' delinquency and annualized net losses actually improved at a time of the year when performance characteristically begins to deteriorate, according to Fitch Ratings. In fact, the company found that 60-plus ... [Read More]