SCHAUMBURG, Ill. — In its latest quarterly analysis, Experian Automotive discovered that a down economy and stricter lending criteria have pushed more consumers toward used-vehicle loans. In fact, the company found that used-vehicle loans accounted for 68.13 percent of all auto ... [Read More]

SALT LAKE CITY — Prestige Financial Services recently announced that a transaction with a pair of financial institutions has more than doubled a line of credit funding capacity. First, Prestige revealed that Bank of America Business Capital has joined a line ... [Read More]

WASHINGTON, D.C. — After plummeting to a record low in March, interest rates on new-car loans at auto finance companies showed a slight uptick in April, coming in at 2.79 percent, compared with 2.74 percent in March. Meanwhile, the Federal Reserve also ... [Read More]

FORT WORTH — How are three auto finance companies handling the meltdown in the credit market and continuing to help get credit-challenged consumers behind the wheels of vehicles? Three presidents representing Westlake Financial Services, Regional Acceptance Corp. and First Investors Financial ... [Read More]

FORT WORTH — Later in the day on Thursday, Daniel Pavlinac, senior director in the Web Intelligence Research Division at J.D. Power and Associates, offered a unique look into consumer online chatter about auto loans. Basically, he said capturing data in ... [Read More]

FORT WORTH — With the National Auto Finance Association's 13th Annual Non-Prime Auto Financing Conference set to kick off today, the group is set to address the unique challenges facing this arena. Basically, officials representing the association said that the current ... [Read More]

FORT WORTH — A packed-full agenda from chief executive officer of non-prime lenders to attorneys to CPAs to analysts to economists and much more will take center stage at this week's National Auto Finance Association's 13th Annual Non-Prime Auto Finance Conference, ... [Read More]

SYRACUSE, N.Y. — XpressCredit announced earlier this week that, thanks to its integration with Carfax, the company is providing its network of dealers and lenders access to Vehicle History Reports directly through the XpressCredit platform. "Recent studies prove that Carfax Vehicle ... [Read More]

PHILADELPHIA — After receiving extensive feedback from its clients, VINtek has launched a revamped version of VINtekTIME, its online auto collateral management system for paperless and paper-based vehicle titles. The enhanced version of VINtekTIME features a workflow and task queuing system with timers, ... [Read More]

CARY, N.C. — SubPrime Auto Finance News will be honoring top subprime executives as part of a special feature in an upcoming edition, but to nominate an industry leader, you must act quickly. The deadline for nominations is Monday. The July/August ... [Read More]