NEW YORK — In its latest term ABS Credit Action Report, which reviews both auto lease and auto loan ABS trends, Fitch Ratings indicated that one year after the financial crisis hit, liquidity concerns have stabilized. However, company officials reported that ... [Read More]

NORTH RICHLAND HILLS, Texas — The International Automotive Remarketers Alliance announced this week its recipient of the Special Achievement Award. Bestowed with the honor this year is Scott France, senior vice president of portfolio management at Triad Financial. The award is ... [Read More]

SYRACUSE, N.Y. — XpressCredit executives announced Wednesday its lending partners and dealers have now gained a wide range of new- and used-vehicle data, values and related vehicle information and content thanks to a new partnership with Kelley Blue Book. By incorporating InfoDriver into ... [Read More]

FORT WORTH — As AmeriCredit continues to bolster auto loan originations, it accelerated its dealership relationships through the fiscal first quarter. Overall, the company reported on Wednesday that it has either activated or re-activated about 3,000 dealer relationships. Additionally, AmeriCredit president ... [Read More]

SAN DIEGO — Chase Auto Finance has named an industry veteran to serve as manager of its Custom Finance Business Center in San Diego. Heading up this center will be Cesar Martinez. "Chase offers local customer service to provide our San ... [Read More]

ALEXANDRIA, Va. — The American International Automobile Dealers Association is hosting a free Webinar with its affinity partner KeyBank next week for dealers interested in establishing and maintaining a mutually beneficial relationship with floor-plan lenders "Build a Win-Win Relationship with Your Floor ... [Read More]

FORT WORTH — General Motors recently called on AmeriCredit to offer a subvented program for franchised dealers looking to get credit-challenged customers into new 2009 and 2010 GM models. "The program is structured similar to other manufacturer subvention programs," Caitlin DeYoung, ... [Read More]

BANDON, Ore. — Apparently, after gaining ground for several months, the share of auto loans receiving approval has now begun to drop, CNW Research discovered in its latest analysis. However, on the brighter side, consumers appear to believe that credit is ... [Read More]

HOUSTON — I recently surveyed mid-year 2009 buy-here, pay-here industry results and I learned the following: 1. Sales have been, for the most part, comparable to the same period of last year. Only operators who have expanded operations, added additional sales ... [Read More]

SANTA MONICA, Calif. — Zag.com announced the launch of a new site today called DrivingDonations.com, which in addition to saving consumers an average of $4,500 on a new-car purchase, will also donate $50 to a charity of the consumer's choice. Basically, while the ... [Read More]