Industry News
DealerTrack Trims Employee Count, Including Senior Execs -- January 06, 2009
LAKE SUCCESS, N.Y. — On Monday, DealerTrack announced a realignment of its work force, which includes reducing the work force by approximately 90 people, or 8 percent, in addition to trimming several executive and ... [ Full Story ]
Wells Fargo Cuts 53 Employees at Arizona Auto Loan Center -- January 06, 2009
SAN FRANCISCO — As part of its anticipated merger with Wachovia, Wells Fargo confirmed that 53 employees at its auto loan center in Tempe, Ariz., were cut. As earlier ... [ Full Story ]
GMAC Expands Credit Spectrum of Auto Financing -- January 06, 2009
DETROIT — GMAC Financial Services announced it has resumed auto financing for a broader spectrum of U.S. customers as a result of expanded access to funding as a bank holding company. The company said it has modified its credit criteria to include ... [ Full Story ]
Annual Consumer Bankruptcies Climb by Double-Digits -- January 06, 2009
ALEXANDRIA, Va. — According to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center, U.S. consumer bankruptcy filings jumped by nearly ... [ Full Story ]
SubPrimeNews.com Continues Double-Digit Growth, Names Top 15 2008 Articles -- December 16, 2008
CARY, N.C. — Along with sharing the top 15 most-read online stories of 2008 and site growth statistics, the SubPrime Auto Finance News staff wishes all its readers a wonderful holiday season. After today ... [ Full Story ]
TransUnion.com: Annual 60-Plus Day Auto Delinquency Climb to Continue -- December 16, 2008
CHICAGO — On Monday, TransUnion.com released its third-quarter analysis of auto lending trends. TransUnion.com found that the national 60-day auto delinquency rate ... [ Full Story ]