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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.
Read More →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.
Read More →CarFinance Capital LLC launched its nonprime auto financing system in Texas following a similar program rollout in California in May.
Read More →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.
Read More →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.
Read More →Rising gas prices are likely to have a limited impact on U.S. auto loan and lease asset-back securities (ABS) performance, particularly compared to 2008 — when the price of regular grade gasoline spiked to nearly $4.15 a gallon, according to Fitch Ratings.
Read More →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.
Read More →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.
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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.
Read More →The fed and consumer advocates are at it again. The magazine’s legal expert tackles the latest attacks on finance reserve and spot deliveries.
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