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July 13, 2010

Subprime Approvals Lagging Behind, Reports CNW

Auto finance sources continued to favor the less risky lending categories in June, with approval rates for the prime and nearprime categories reaching new highs. The story was different for subprime approvals, which continued their descent from a high in April.

July 9, 2010

Chase Opens Auto Finance Office in Virginia

Chase Auto Finance recently opened a full-service Custom Finance Business Center in Richmond, Va., to help dealers provide financing solutions for subprime customers.

June 28, 2010

Recovery Yet to Reach Showrooms

Nonprime auto finance continues to show signs of recovery, but dealers say they will need more than just good feelings to ride out the storm.

June 15, 2010

Auto Loan Delinquencies Drop for First Time Since 2007

American consumers are doing a better job of making payments on their auto loans as delinquencies on 30- and 60-day loans fell in the first quarter of 2010, according to Experian Automotive.

June 1, 2010

Chase Opens New Auto Finance Office in Pittsburgh

Chase Auto Finance opened a new Custom Finance office in Pittsburgh to meet the subprime financing needs of auto dealers in western Pennsylvania.

May 25, 2010

AmeriCredit's Berce to Deliver Keynote <br>Address at 2010 NAF Conference

The National Automotive Finance (NAF) Association will present its 14th Annual Below-Prime Credit Auto Financing Conference June 2-4, 2010 at the Renaissance Worthington Hotel in Fort Worth, Texas.

May 24, 2010

Chase Opens New Auto Finance Office in Des Moines

Chase Auto Finance announced Monday that it opened a new Custom Finance office in Des Moines, Iowa, to serve the subprime financing needs of dealers in the central Plains area.

May 18, 2010

Approvals, Pent-Up Demand Continue to Rise, Says CNW

Auto loan approvals continued to pick up in April, the same month pent-up demand reached its highest level since the third quarter 2008, according to CNW Research.

May 18, 2010

Fi-Magazine.com Adds Special Finance Training Videos

F&I and Showroom magazine is now offering five free online videos that provide insight and instruction on handling today’s special finance customer.

May 4, 2010

Credit Acceptance Increases Revenue, Adds Dealers

Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.