CUDL: Credit Unions Held 18% of '06 Auto Loans

RANCHO CUCAMONGA, Calif. — Although down from a record 19.3 percent in 2005, credit unions maintained a strong market share in 2006, originating 18 percent of auto loans, according to CU Direct Corp.'s inaugural Auto Lending Business Intelligence Report. According to CUDL, credit union members have the... Read More

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has expanded its fleet of vehicles used to provide in-house dealership consultations throughout the country. These fully contained Ford step vans can be dispatched to dealerships in major metropolitan areas throughout the nation so ADI... Read More

FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure of helping AmeriCredit go full-spectrum was just too... Read More

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the history of the industry," announced Ken Shilson, founder of the NABD and... Read More

Wells Fargo Auto Finance Turns 60

CHESTER, Pa. — Wells Fargo & Co. is marking two special milestones in 2007. Wells Fargo & Co. is turning 155, and this month Wells Fargo Auto Finance celebrates 60 years of providing auto financing. "Being in business for 60 years exemplifies the strength and stability of the Wells Fargo brand and its... Read More

Spanish Lead Services Launches

LOS ANGELES — Spanish Lead Services recently launched to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas this past February,"... Read More

LOS ANGELES —'s newly redesigned Used Car Channel is an ideal avenue for subprime dealerships and other independent dealers to retail their older inventory, according to Josh Evans, vice president of dealer relations. After nine months in development, officials unveiled several modifications... Read More

LEE, Mass. — No matter where a store is located, or what type of clientele it serves, several marketing executives interviewed by SubPrime Auto Finance News agree that the best way to drive more "ups" and prospects into a showroom is by taking advantage of all available marketing avenues.... Read More