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January 6, 2010

AFSA's 2010 Conference to Address Industry's Top Challenges

While the economy is beginning to show signs of recovery, many challenges remain for the vehicle finance industry. In response, the American Financial Services Association (AFSA) has assembled a powerful lineup for its 14th Annual Vehicle Finance Conference and Exposition, which will be held Feb. 10-12 at Walt Disney’s Yacht Club Resort in Lake Buena Vista, Fla.

January 1, 2010

Going in the Right Direction

Experian's director of automotive credit says there were a few signs in the third quarter that automotive finance is on the rebound.

December 15, 2009

ACS Launches Lending Gateway for Dealers

Automobile Consumer Services Inc. (ACS) launched a new lending platform aimed at giving auto dealers access to financing and leasing sources.

December 15, 2009

Interest Rates Dip Slightly in October, Says Federal Reserve

Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.

December 7, 2009

DealerTrack Connects 800th Financing Source to Network

Software provider DealerTrack Inc. announced Monday that the number of active financing sources connected to the DealerTrack network has reached 800.

December 3, 2009

Journalist Chris Wallace to Headline AFSA’s 2010 Vehicle Finance Conference

Veteran journalist Chris Wallace will give the keynote address at the American Financial Services Association (AFSA)’s 14th Vehicle Finance Conference and Exposition, scheduled for Feb. 10-12, 2010, at Walt Disney’s Yacht Club Resort in Lake Buena Vista, Fla.

December 1, 2009

Consumer Credit Rebounds to Pre-Cash for Clunkers Levels

Consumer credit patterns returned to their status quo in September, with interest rates, loan terms and loan-to-value ratios reverting to their pre-Cash for Clunkers (C4C) levels, according to the Federal Reserve’s monthly report.

December 1, 2009

Boost Your Bottom Line

Windshield cracks, tire blowouts and door dings are common occurrences for vehicle owners, but do they translate into a market for today’s new wave of F&I products? Dealers say they do.

October 8, 2009

Cash for Clunkers Impact Seen in Federal Reserve Report

Evidence of the Cash for Clunkers (C4C) program’s impact on consumer credit were revealed in the Federal Reserve’s August report, which showed marked declines in loan-to-value ratios and the amount financed.

October 2, 2009

Auto Financial Group Partners With United Federal Credit Union

United Federal Credit Union (UFCU) will now offer Auto Financial Group (AFG)’s DrivingSense as an indirect lending option as part of a recent agreement with the provider of residual-based financing products for credit unions.