DETROIT – For the second year in a row, Ally Financial ranked number one in financing consumer auto sales in the U.S., according to AutoCount by Experian Automotive. The company financed nearly 1.5 million new and used vehicles through franchis

According to a story on The Detroit News… Washington — A government watchdog says the Treasury Department must work with the Federal Reserve to craft an exit plan for its 74 percent investment in Detroit-based lender Ally Financial Inc. The s

According to an article on SubPrime Auto Finance, negative student loan trends could affect the auto lending market. Chicago and San Jose, CA — As CNW Research noticed subprime auto loan approvals rising year-over-year by at least 40 percent yet ag

MCLEAN, VA – Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.05 per share payable February 22, 2013 to stockholders of record as of February 11, 2013. The company has announced dividends on its common st

According to an article posted on F&I and Showroom, FTC settlement permanently halts auto debt consulting operation. Washington, D.C. — Under a settlement reached with the Federal Trade Commission, two California-based companies and their princ

Albany, NY – Auto/Mate Dealership Systems (http://www.automate.com) announced today that its AMPS Dealership Management System (DMS) is fully integrated with 700Credit, the automotive industry’s leading provider of consumer credit reporting and c

According to an article posted on F&I and Showroom, an Iowa dealer is being sued by GM for false reporting. Davenport, IA — General Motors filed a lawsuit against Iowa dealership Leep Chevrolet, which does business under the fictitious name of

According to a story on F&I and Showroom, FTC warns 11 Arkansas dealers. Jonesboro, AR — The Federal Trade Commission (FTC)’s Southwest Region Office has warned 11 used-car dealerships in Jonesboro, AR, that their sales practices violate the

Crystal Lake, IL – Terry Dortch, CEO of Automotive Compliance Consultants, Inc., said auto dealers who coach their sales associates to weave dealership compliance functions into every step of the Road to the Sale can help boost closing rates while