RANCHO CUCAMONGA, Calif. — Although down from a record 19.3 percent in 2005, credit unions maintained a strong market share in 2006, originating 18 percent of auto loans, according to CU Direct Corp.'s inaugural Auto Lending Business Intelligence Report. According to ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the ... [Read More]

FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure ... [Read More]

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has expanded its fleet of vehicles used to provide in-house dealership consultations throughout the country. These fully contained Ford step vans can be dispatched to dealerships in major metropolitan areas throughout the ... [Read More]

LEE, Mass. — No matter where a store is located, or what type of clientele it serves, several marketing executives interviewed by SubPrime Auto Finance News agree that the best way to drive more "ups" and prospects into a showroom is ... [Read More]

LOS ANGELES — CarsDirect.com's newly redesigned Used Car Channel is an ideal avenue for subprime dealerships and other independent dealers to retail their older inventory, according to Josh Evans, vice president of dealer relations. After nine months in development, officials unveiled ... [Read More]

LOS ANGELES — Spanish Lead Services recently launched Creditodeauto.com to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas ... [Read More]

CHESTER, Pa. — Wells Fargo & Co. is marking two special milestones in 2007. Wells Fargo & Co. is turning 155, and this month Wells Fargo Auto Finance celebrates 60 years of providing auto financing. "Being in business for 60 ... [Read More]

ROYAL OAK, Mich. — Detroit Trading Exchange was created to serve as an independent marketplace, along the lines of a virtual Wall Street, to provide an infrastructure for companies and dealers to buy and sell all sorts of auto leads, such ... [Read More]

LAKE SUCCESS, N.Y. — About 19.5 million transactions were processed in DealerTrack's network during the fourth quarter, a 52-percent climb from about 12.8 million processed during the same time frame of the prior year, according to officials. For the complete year, ... [Read More]