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July 7, 2011

Group 1 Automotive Completes $1.35 Billion Five-Year Revolving Credit Arrangement

Group 1 Automotive’s syndicated credit facility will provide $1.1 billion for inventory floorplan financing and $250 million for working capital, acquisitions and general corporate purposes.

July 5, 2011

First Quarter Delivers Optimistic Outlook

Delinquencies and dollar volume of at-risk loans continued to fall in the first quarter, and auto finance sources responded, with shares of loans to credit-challenged buyers increasing by 11.1 percent. Experian Automotive’s director of automotive credit provides a snapshot of other auto finance trends from the quarter.

July 5, 2011

More Questions than Answers as CFPB Gets Set to Go Live

The leadership may still be up for grabs at the CFPB, but the newly formed consumer watchdog agency will hit the ground running on July 21.

June 28, 2011

Flagship Credit Acceptance Rolls Out National Subprime Loan Portfolio Program

Flagship Credit Acceptance’s Portfolio Acquisition Program will purchase existing portfolios of nonprime and subprime loans from auto dealers and finance companies across the United States.

June 28, 2011

CarFinance Capital Launches in Texas

CarFinance Capital LLC launched its nonprime auto financing system in Texas following a similar program rollout in California in May.

June 24, 2011

Nissan Expects to be at Full Production by October

In its 2011 Forecast, Nissan says it will return to “full unrestricted” production in October and that the company could realize a 9.9 percent increase in global sales this year.

March 28, 2011

J.D. Power: Strong March Driving Strong First-Quarter Finish

March new-vehicle retail sales are showing stability through the first three weeks of the month, continuing a trend of monthly double-digit year-over-year increases, according to J.D. Power and Associates.

March 11, 2011

IAS, Universal Lenders Partner to Provide Aftermarket Financing

IAS, a provider of F&I aftermarket programs, has entered into an agreement with Universal Lenders LLC and can now offer its nationwide network of agents and dealers a financing alternative at the aftermarket point of sale.

March 1, 2011

Experian Automotive: Delinquencies Improved, Loans Increased in 4Q 2010

Automotive credit continued to strengthen in the year-end quarter of 2010, as 30- and 60-day delinquencies exhibited sharp declines, according to Experian Automotive's quarterly analysis.

March 1, 2011

Ready to Charge Ahead

It’s clear that lenders and dealers are feeling good about the road ahead. The two sides met at the 2011 Vehicle Finance Conference to reaffirm the importance of their relationship.