HOUSTON — The Mint Leasing used a portion of its previously announced $10 million credit facility to purchase 61 vehicles for a trio of corporate clients. Mint Leasing bought all of the vehicles from Fred Haas Toyota Country, a Houston-area dealership. ... [Read More]

AUBURN, Maine — Lee Auto Malls, a 73-year-old family dealership group, recently acquired the assets of Linnehan's Credit Now and Atlantic Acceptance Corp. to create one of the largest used-vehicle operations in the state. Lee already operates 12 franchise stores primarily ... [Read More]

SCHAUMBURG, Ill. — On Wednesday, Experian Automotive reported that rising average credit scores on both new and used loans, a downswing in delinquency rate growth and lower at-risk loan values have been pointing toward stabilization in the market. More specifically, Melinda ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack officials announced Monday that the company reached a new threshold of active financing sources connected to their network. That number now stands at 800, according to Mark O'Neil, chairman and chief executive officer of DealerTrack. Company executives ... [Read More]

BENTONVILLE, Ark. — Available exclusively through the Sam's Club Auto Buying Program, an alternative to the traditional method of buying a car or truck, Mitsubishi Motors announced it is now offering special APR and lease rates to members of this big box franchise.  ... [Read More]

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]