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August 5, 2011

A New Breed

CarFinance Capital is new to the auto finance world, but the people behind the nonprime/subprime finance source are not. The editor gets the skinny.

July 19, 2011

Automakers Could Turn to Fleet if Retail Stalls, Warns CNW

Consumers were back on the sidelines for the first 15 days of July, according to CNW Research, as car buyers continued to wait for the expected increase in incentives after the summer months.

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.

April 12, 2011

Auto Finance Driving Sales in Early April

Despite a slew of market challenges, the automotive retail market continues to motor along. In the driver’s seat is an improving auto finance market, CNW stated in its April Retail Automotive Summary.

April 4, 2011

Fourth-Quarter Push

The auto finance market continued to drive forward in the fourth quarter of 2010, but can it continue? Experian Automotive’s director of automotive credit runs through the numbers.

March 17, 2011

KBB Study Shows New-Car Shoppers Plan to Research Finance Options Online

According to a new Kelly Blue Book Market Intelligence Survey, 64 percent of new-car shoppers say they plan to research their financing options on the Web. The vehicle information site also announced that it has entered into exclusive partnerships with Bank of America and Autobytel Inc.'s Car.com to offer prime and subprime financing to visitors of KBB.com.

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.

February 24, 2011

Prestige Adds Eight States to Lending Territory

Prestige Financial will expand its subprime lending programs to dealerships in Alabama, Hawaii, Kansas, Kentucky, Montana, New Jersey, Wisconsin and Wyoming.

February 8, 2011

Prestige Financial Services, OnlineBKmanager.com Partner to Assist Subprime Dealers

Prestige Financial Services and www.OnlineBKmanager.com have partnered to help dealers efficiently deliver vehicles and supply financing for bankruptcy customers. Through this alliance, Prestige Financial Services’ Dealers Partners can receive a package discount on www.OnlineBKmanger.com services.

January 3, 2011

GWC Warranty, Tidewater Forge Partnership

GWC Warranty Corporation (GWC), a provider of service contracts to independent and franchised dealers, and Tidewater Motor Credit (TMC), a subprime auto finance lender, have formed a new partnership.