Latest News

2012 NABD Conference Begins -- May 16, 2012
LAS VEGAS — Dealers, finance companies, legal experts, industry analysts and more all are converging on The Venetian/The Palazzo in Las Vegas for the signature event orchestrated by the National Alliance of Buy-Here Pay-Here Dealers. Today opens the 2012 NABD Conference where a wide array of topics and trends will be ...
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S&P/Experian: Auto Loan Defaults Sink to Lowest Point in Eight Years -- May 16, 2012
NEW YORK — Never in the eight-year history of S&P/Experian Consumer Credit Default Indices have auto loan default rates been this low. Based on data through April, the auto loan default rate dropped to ...
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SubPrime Auto Finance News & Auto Remarketing Name New Leaders -- May 16, 2012
CARY, N.C. — Cherokee Automotive Group recently announced changes in the leadership of its print and online media properties. At SubPrime Auto Finance News ...
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MAFS Hits 10 Million Vehicle Milestone -- May 16, 2012
ATLANTA — Manheim Financial Services announced earlier this week that it started off the second quarter with a key milestone: the company provided floor planning for its 10 millionth vehicle. The dealer who helped MAFS reach this level last month was ...
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Auction & Northwest Business Leaders Set to Lead Auction Edge; More Details Unveiled -- May 16, 2012
SPOKANE, Wash. — After speaking with company leadership on Tuesday afternoon, sister publication Auto Remarketing has discovered further details about the emergence of Auction Edge, which has acquired Auction Pipeline as well as Auto Lookout, and apparently isn’t finished making waves. The company's management includes top names in the auction business as well as former executives with Microsoft and Starbucks.  Among the leaders is former National Auto Auction Association president Bob McConkey, who will be ... [ Full Story ]

Ally: Auto Financing Interests Unaffected by ResCap Bankruptcy Filing -- May 14, 2012
DETROIT — Widely predicted in numerous reports, Ally Financial reiterated the strength of its auto finance business when announcing this morning that mortgage subsidiary, Residential Capital, decided to file for Chapter 11 bankruptcy. Officials emphasized the decision has no impact on ...
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