Dealertrack’s chairman and CEO on deep subprime approvals and lenders’ approach to new regulations, according to SubPrime Auto Finance News. LAKE SUCCESS, N.Y. — Recent intimate dialogue with both dealers and lenders gave Dealertrack Te

According to F&I and Showroom, DOJ is taking a closer look at auto finance. ARLINGTON, Va. — The Consumer Financial Protection Bureau (CFPB) isn’t the only enforcement agency shining the spotlight on auto finance. The U.S. Department of Justi

According to SubPrime Auto Finance News, April bankruptcy filings drop 8 percent. ALEXANDRIA, Va. — The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 8 percent in April compared to the same mont

According to F&I and Showroom, Governor Cuomo asks credit reporting agences to protect hurricane Sandy victims. ALBANY, N.Y. — New York Governor Andrew Cuomo called on credit reporting agencies last week to not allow credit scores for Hurricane

April SAAR at 14.92 million units, according to F&I and Showroom. In April, most manufacturers experienced a sales increase over last year, with the exception of Mazda, Toyota and Volkswagen. Sales paced at a seasonally adjusted annual rate of 14

According to SubPrime Auto Finance News, SEC charges Capital One with understating auto loan losses. WASHINGTON, D.C. — The Securities and Exchange Commission on Thursday charged Capital One and two senior executives for understating millions of do

Top 10 used and new models eyed by non-prime buyers, according to SubPrime Auto Finance News. IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Compr

Modified Operating Profit Was $435 Million, From $740 Million a Year Ago, and Free Cash Flow Was $356 Million on Lower Shipments As Key Products Launch Group Confirms Guidance for the Year Chrysler Group net income in the first quarter of 2013 was $1

According to F&I and Showroom, SAAR remains above 15M units in April. IRVINE, Calif. — Through the first three weeks of April, new-car sales are on pace to remain above the 15 million-unit annual selling pace for the sixth consecutive month, ac