FORT WORTH — After continuously scaling back originations and dealer partnerships to match the difficult credit environment, AmeriCredit announced a turnabout Wednesday. Management said it's confident enough to ramp back up originations to $300 million by December 2009. To support these ... [Read More]

DALLAS — The American Recovery Association announced its partnering with the Digital Recognition Network to use its License Plate Recognition technology at an "extremely" discounted rate for members. The tiered pricing, which can be obtained by e-mailing Les McCook at les@americanrecoveryassn.org or ... [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered that dealer satisfaction with lenders declined "considerably" from 2008 in all four segments reviewed in the Dealer Financing Satisfaction Study. The company found: Prime Retail Credit 2008: 835 2009: 789 (down 46 ... [Read More]

NEW YORK — In a bit of positive news, GMAC reported today that its auto finance business reported a pre-tax income of $346 million, compared with a pre-tax loss of $709 million a year ago. "Results were driven primarily by improvement in ... [Read More]

CARMEL, Ind. — More than halfway through 2009, J.D. Byrider said its portfolio is showing an improved performance over the same period of 2008. Moreover, the company announced it will open three new stores in the coming months, one company-owned location ... [Read More]

ALEXANDRIA, Va. — Consumer bankruptcy filings for July came in at the highest monthly record since the new law went into effect back in October 2005, according to the American Bankruptcy Institute. Based on data from the National Bankruptcy Research Center, ... [Read More]

WASHINGTON, D.C. — Dealers received yet another reprieve from Red Flags enforcement this week when the FTC announced Wednesday that it will provide more time for small companies to review guidance and develop written identity theft programs. The new deadline is now ... [Read More]

PORTLAND, Ore. — In addition to other news, Compli announced it will hold a CARS Webinar Aug. 4 featuring Rob Cohen, attorney and president of Auto Advisory Services. "Who should attend? Dealers, general managers, general sales managers, finance managers, CFOs, controllers, ... [Read More]

SANTA MONICA , Calif., and SAN ANTONIO, Texas — Zag.com recently announced it has reached an agreement with Mercedes-Benz USA to offer additional savings of up to $5,000 off the price of new Mercedes-Benz car purchases to USAA Members. This is ... [Read More]

MARBLEHEAD, Mass. — FinCo Management's BuyHere-PayTHERE program has now rolled out to 30 states, including Florida, Texas and California. Officials said BHPT is a complete system which allows auto and powersports dealers and dealer groups to approve and finance their ... [Read More]