GREENWOOD VILLAGE, Colo. — As many national lenders cut back on their auto lending spectrum, or pull out of the market altogether, Universal Special Auto Finance reported that it is continuing to expand its business model to provide services across the ... [Read More]

HOUSTON — In a time when many leasing companies are reducing business due to residual losses, The Mint Leasing Inc., which primarily offers leasing services to customers in Texas, Alabama, Arkansas, Mississippi, Georgia, Tennessee and Florida, is growing. It recently announced that the company has ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently announced that it has launched a redesigned Web site. Visitors to the new site can now find it easier and faster to access and download important information, according to officials. "We wanted to have ... [Read More]

WASHINGTON — The average amount financed on a new-vehicle loan via an auto lender continued its descent in June, declining to $24,505, compared with $24,579 in May and $27,397 in April. The last time this figure was down so much was back ... [Read More]

DALLAS — Consumers still in the market for a new vehicle are turning to cheaper models, according to Comerica's chief economist. This trend led the bank's affordability index to its highest level in almost 30 years. The purchase of an average-priced ... [Read More]

FARMINGTON HILLS, Mich. — On Monday, Chrysler Financial announced it has implemented some executive moves to further strengthen the company's focus on its core business. Taking on the newly created position of vice chairman and chief executive officer is Thomas Gilman. Basically, ... [Read More]

LAKE SUCCESS, N.Y. — With sales down throughout the country, not only are automakers and dealers getting hurt, but so, too, are lenders and the platforms that rely on them to bolster profits. One such instance can be found in the ... [Read More]

FORT WORTH, Texas — In AmeriCredit's latest moves to remain nimble in the current market atmosphere, the company's chief executive officer said in a conference call Wednesday that it has reduced originations over last year by two-thirds, ceased originations in Canada, ... [Read More]

NEW YORK and CHICAGO — The weakened U.S. economy, declining dealership profitability impacted by a stressed U.S. vehicle sales environment and the weak credit profiles of U.S. auto manufacturers will lead to worsening asset performance of U.S. auto-related dealer floor plan asset-backed ... [Read More]

DENVER, Colo. — Access Capital Investment Group recently acquired a $34 million auto loan portfolio and has chosen Peak5 to service and collect on the new loans. "We chose Peak5 to service this portfolio because they provide superior back end collection ... [Read More]