DETROIT — GMAC Financial Services issued a statement on Monday offering an update on how TARP funds have helped the company expand its retail automotive financing, in addition to floor planning for dealers. —Upon receiving TARP funds in late December, GMAC ... [Read More]

PHILADELPHIA — Just as many other components of the auto industry and vehicle finance world have moved to the online space, the process of lien titling has become more and more electronic as technology advances. And this paperless route for lien titling ... [Read More]

WINDHAM, N.H. — Stephens & Michaels' Avert Repo division says it is helping customers facing auto repossession retain their cars. Basically, Avert works with consumers and their lenders to get consumers back in good standing and prevent repossession. "We've prevented more ... [Read More]

NORTH RICHLAND HILLS, Texas — Triad Financial and Innovate Auto Solutions today announced their partnership to promote Triad's vehicle loan servicing to finance companies, auto dealers, investors, credit unions and other potential clients. "We have personally known Innovate's leadership team for ... [Read More]

NEW YORK — Zoombak recently debuted its new product called Zoombak GPS Recovery — Risk, which is a new GPS locator package for Buy-Here, Pay-Here car dealers that can help to reduce their risk in financing auto sales. Zoombak GPS Recovery — Risk ... [Read More]

FORT WORTH, Texas — AmeriCredit announced Monday that it now in compliance with all warehouse covenants. On Monday, the company explained that it has received an amendment and extension of its master warehouse credit facility. The amendment, which was approved by all 10 ... [Read More]

BUFFALO GROVE, Ill. — During the fourth quarter of 2008, owners and managers of small automotive and other vehicle dealerships indicated that economic conditions are currently having the greatest impact on their businesses, but apparently they are looking forward to an ... [Read More]

DEARBORN, Mich. — Ford Motor Credit Co. recently announced that its board of directors and the board of directors of Ford Motor Co. have approved a plan to restructure the companies' debt through a combination of a conversion offer by Ford ... [Read More]

WASHINGTON, D.C. — The average amount financed on a new-car loan at auto finance companies continues to remain at an extremely low level, according to the Federal Reserve. Its latest analysis found that this figure is $22,922, up just slightly from ... [Read More]

NEW  YORK — Earlier this week, GMAC Financial Services announced that it has named a corporate treasurer. Taking on the position is Jeffrey Brown, In this role, he will have responsibility for all treasury activities, including funding and balance sheet management. He ... [Read More]