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August 31, 2010

Auto Loan Delinquencies Drop; Nonprime and Subprime Loans Rise

Automotive loan delinquencies dropped during the second quarter this year, marking the second consecutive quarter with a year-over-year decrease in quarterly delinquencies, according to Experian Automotive.

August 10, 2010

AmeriCredit Announces Fiscal Fourth Quarter Earnings

Subprime auto lender AmeriCredit Corp. released its quarterly finances for the first time following the announcement of its impending acquisition by General Motors Co. The company was able to increase both income and originations while decreasing charge-offs and delinquency rates compared to the same quarter last year.

August 3, 2010

Dealer Satisfaction With Lenders Improves, Survey Says

Lenders who are successful in satisfying automotive dealers by meeting key performance expectations are more likely to capture a greater share of preferred loan applications from their dealer network, according to the J.D. Power and Associates 2010 U.S. Dealer Financing Satisfaction Study.

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.