NextGear Capital is announcing the launch of AutoPay, a new feature within the Account Portal, the floor planner’s account management platform. Account Portal provides account overviews for dealer and auction…
TD Auto Finance has announced the national expansion of TDAF Commercial Services, which leverages TD Bank, N.A., to provide floor plan financing and commercial lines of credit to automotive dealerships.…
Small business owners are showing unprecedented confidence in the economy as the optimism index continues at record high numbers, rising to 107.6 in February, according to the NFIB Small Business…
Used car prices will stabilize over the next three years, according to the Moody’s Analytics Used Car Price Outlook. Off-lease volumes will continue to rise, yet at a decreasing rate,…
Spireon Inc. celebrated growth in 2017. Spireon increased its market share by 8 percent in the auto finance segment for the second half of 2017, compared to the same period…
Copart Inc. has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland. The company does business as AVK. AVK is the leading salvage auto auction provider in Finland …
Auto finance asset-backed security collateral performance improved in February, according to Kroll Bond Rating Agency. However, Non-Prime Index delinquency rates remain at elevated levels, mostly driven by a change in…
Westlake Financial Services announced the launch of its new Titanium program for customers with a 750 FICO score or better. The program provides rates as low as 2.99 percent, amounts…
The Consumer Financial Protection Bureau issued a Request for Information (RFI) about the bureau’s public reporting of consumer complaints. The bureau is seeking comments and information from interested parties on…