FORT WORTH — AmeriCredit recently announced a new member to its board of directors, in addition to retiring $108 million of senior notes due 2015. Becoming a board director is Bruce Berkowitz, meaning AmeriCredit now has 10 board directors. Offering a ... [Read More]

CARY, N.C. — Along with sharing the top 15 most-read online stories of 2008 and site growth statistics, the SubPrime Auto Finance News staff wishes all its readers a wonderful holiday season. After today, SubPrime Update is going on hiatus until ... [Read More]

CHICAGO — Offering its take on what the auto industry can expect in 2009, Fitch Ratings reported this week that sales are expected to decline by about 10.7 percent from 2008. Playing a part in this decline is the "rationing of ... [Read More]

IRVING, Texas — CitiFinancial Auto has undergone some restructuring of late in response to the ongoing difficult sales environment. Kim Pulliam, senior vice president at CitiFinancial Auto, told SubPrime Auto Finance News this morning that the company notified dealers of the ... [Read More]

IRVINE, Calif. — Kelley Blue Book announced today that site visitors can now access their personal credit reports on kbb.com via an agreement with FreeCreditReport.com. FreeCreditReport.com, a Web site owned by ConsumerInfo.com Inc., which is an Experian company, provides consumers with ... [Read More]

NEW YORK — GMAC Financial Services' management team announced that it may withdraw its application to become a bank holding company due to an inability to raise enough capital. GMAC indicated that it has extended the early delivery time with respect to ... [Read More]

Wells Fargo alerted team members and dealers yesterday that Wachovia Dealer Services will take over the indirect auto lending business for Wells Fargo after the merger between the two companies, which is expected by year's end. The combined business will ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced that dealers can now post inventory to VAST.com, AOL Autos and Overstock.com for no additional cost. VAST.com is a rapidly growing inventory posting tool with nearly 4 million vehicles posted, according to officials. [Read More]

LITTLETON, Colo. — PassTime announced that it has formed a joint venture with the Astrata Group. The new company, which will be majority owned and controlled by Astrata, will be known as PassTime Telematics Inc. (an Astrata Group Co.). Passtime Telematics ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced the preliminary agenda for its 11th Annual National Buy-Here, Pay-Here Conference to be held May 12-14, 2009, in Las Vegas. Officials expect the program to be the largest BHPH conference in the ... [Read More]