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Saying economic conditions have reached the optimal period for new loan originations, Dan Berce told investors and media outlets that AmeriCredit increased originations during the March quarter by $245 million.
Read More →The city of Long Beach, Calif., is fighting to keep Cal Worthington Ford, one of the city’s 10 biggest tax revenue generators, after Ford Motor Co. offered an incentive package to relocate the 36-year-old dealership.
Read More →Ford Motor Company and its finance arm, Ford Motor Credit Company, reported first-quarter profits today, but company executives remained cautious about the auto industry’s overall recovery.
Read More →The Senate is expected to vote on the Restoring American Financial Stability Act (S. 3217) this week. And unlike its House counterpart, the Senate bill does not exempt auto dealers from a new regulatory agency, which would have broad authority to regulate most financial services.
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 988,100 units, a 20.9 percent increase from April 2009 and a 7.1 percent decrease from March 2010, according to Edmunds.com.
Read More →Auto-Pro Network, a provider of credit-scored leads, expanded its auto leads program to include new-car leads.
Read More →The California New Car Dealers Association (CNCDA) announced that first quarter registrations of new cars and light trucks increased 19.8 percent from the year-ago period.
Read More →Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, provided a $35 million credit facility to TC Automotive Partners Funding.
Read More →Warrantech Automotive Inc., an independent provider of vehicle service contracts and aftermarket warranties, and BP Lubricants USA Inc., a marketer of Castrol products, have partnered to develop Extended Care, a vehicle service contract wrap program.
Read More →Fueled by more favorable pricing and credit terms, eight of the 12 federal districts in the Federal Reserve’s Beige Book reported improved vehicle sales in March.
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