SALT LAKE CITY — Though investors have been extremely hesitant of late when it comes to the subprime auto asset-backed securities market, Prestige Financial Services apparently bucked this trend by tapping the credit markets for such a securitization earlier this month. Prestige Financial believes this ... [Read More]

CINCINNATI — Automobile Consumer Services recently launched the DriveItNow.net Lending Gateway to give dealers access to financing and leasing sources. DriveItNow.net is designed to help alleviate the problem dealers are having with a tightened credit market by providing a platform of ... [Read More]

HOUSTON — For the second time this month, Wolters Kluwer Financial Services expanded a relationship with a credit union service organization. This time, the arrangement is with Credit Union Acceptance Co. so it can offer the AppOne platform in more markets. Now a ... [Read More]

CHARLOTTE, N.C. — On Monday, Tree.com announced the launch of LendingTreeAutos.com, which in addition to helping consumers obtain auto loans, will also assist consumers in deciding which vehicle to purchase next. The new site is designed to provide a variety of ... [Read More]

HOUSTON — Discussing latest earnings this week, First Investors Financial Services' management reported that its decision to curtail originations had an impact on results.  And while the company is seeing originations improve, the curtailment did play a factor in rises in both its ... [Read More]

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]

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]