HOUSTON — The Mint Leasing attributed the difficulty in securing adequate credit streams as reasons for its latest revenue figures remaining off as compared to last year. Company executives detailed the situation recently in its quarterly financial report. For the three-month ... [Read More]

NEW YORK — Fitch Ratings recently provided outlooks for 33 classes of subprime auto loan asset-backed securities, and just over half, or 61 percent, gained stable outlooks. Meanwhile, the other 39 percent received a negative outlook. Overall, 33 classes from 17 ... [Read More]

DALLAS — Comerica Bank released its latest Auto Affordability Index this week and determined that the purchase and financing of an average-priced new vehicle dropped 0.6 of a week to roughly 21.9 weeks of median family income in the third quarter ... [Read More]

HANOVER, Md. — Hudson Cook announced a partner in the firm's Ann Arbor, Mich., office, whose practice centers around the auto world, has been named to The American Law Institute. Gaining the distinction is Thomas Buiteweg, whose practice focuses on helping ... [Read More]

NEW YORK — Zoombak announced its personal GPS tracking devices can now be accessed via a new application available on the Apple iPhone.  The company's Advanced GPS technology iPhone customers, including those who use the service for GPS repossession and recovery services, ... [Read More]

LAS VEGAS — A senior vice president with Experian Automotive recently provided a snapshot into the used-vehicle market, in addition to sharing some year-over-year credit statistics at the National Remarketing and inaugural Pre-Owned Automobile Dealers Alliance meetings last week. On hand ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced today it has entered into agreements to assume servicing responsibilities on auto receivables owned by a subsidiary of Atlanta-based consumer credit provider CompuCredit Corp. As part of the transaction, CPS teamed up with alternative ... [Read More]

BERLIN — Even though Daimler Financial Services recorded a 7-percent drop in vehicle sales to 58.7 million euros through the third quarter of 2009, the company announced today it expects to post positive results in the final quarter of the year ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today that subscriptions to its IDOne and SecureDocOne tools will be provided by Sonic Automotive to all its dealerships nationwide. The investment is designed to assist Sonic's dealers in meeting FTC compliance requirements through ... [Read More]

DETROIT — GMAC announced Monday that it has ramped up its position as the preferred financing source for the Chrysler Group, its dealers and customers. Ultimately, more than 90 percent of Chrysler dealerships who applied for wholesaling lines are expected to be ... [Read More]