MEDFORD, Ore. -- Lithia Motors recently announced it has signed a new credit facility that will be funded by US Bank, DaimlerChrysler Financial Services and Toyota Financial Services. All three lenders will participate equally in the credit facility, according to executives. Lithia said the new credit facility will be... Read More

Fed Reports on Latest Consumer Credit Information

WASHINGTON, D.C. -- Although preliminary data on the average annual percentage rate for new-car loans financed through auto finance institutions has slowly crept up in recent months, it still remains in the 5th percentile, coming in at 5.37 for July, up slightly from 5.30 in June. Meanwhile the median length of an auto... Read More

CARY, N.C. -- The advertising deadline for the first print edition of SubPrime Auto Finance News is early next week, so act fast as space is filling up. SubPrime Auto Finance News will offer articles featuring such industry players as Chase and Wells Fargo, in addition to key insights from such industry leaders as Tom... Read More

Carbiz Announces Speaker Lineup for Dealer Conference

SARASOTA, Fla. -- Carbiz has announced the speaker list for its 2006 professional development conference for dealers Nov. 5-7, at the Sirata Beach Resort on the Gulf of Mexico in St. Pete Beach, Fla. Speakers include: -- Ken Shilson, founder of the National Alliance of Buy-Here, Pay-Here Dealers -- Duwayne Keller, a... Read More

PORTSMOUTH, Va., and BURNSVILLE, Minn. -- Higher Turnover recently announced it has been selected by Northland Auto Enterprises as their premium dealer Web site solutions provider. In addition to other services, Northland Auto Enterprises also offers a Rent'T'Own program as an alternative to buy-here,... Read More

AutoTrakk Launches Rapid Approval System

MONTOURSVILLE, Pa. -- AutoTrakk, a finance company that specializes in the subprime market, announced it has launched a new Rapid Approval System designed to expedite the approval of consumer finance applications. Robert Malcolm, AutoTrakk president, explained that the proprietary software system analyzes specific... Read More

PROSPECT HEIGHTS, Ill. -- HSBC recently announced that its auto finance division is launching an S&H greenpoints finance program that offers nearly eight million greenpoint members the opportunity to earn 15,000 S&H Solutions greenpoints on new and refinanced auto loans. "HSBC Auto Finance is excited to... Read More

AUBURN HILLS, Mich. -- Chrysler is now offering zero-percent financing for consumers who have slightly less than top prime credit, but still fall into the A category, a spokesman announced this morning. The special incentive includes several high volume 2006 models, including minivans, Dodge Durangos and Jeep... Read More

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