Industry News

Edmunds.com: Credit to Buy Still Available with Caveats -- November 18, 2008
SANTA MONICA, Calif. — While Jesse Toprak, of Edmunds.com, reports that the credit market is tighter than several months ago, he also indicates that credit is available for buyers. In fact, he attributes fewer sales more to ... [ Full Story ]

Cash Transactions for GM Models Climb -- November 18, 2008
WESTLAKE VILLAGE, Calif. — Recent data from Power Information Network discovered that cash transactions for General Motors models have jumped considerably, which may indicate that these dealers ... [ Full Story ]

Westlake Financial Enters New Jersey -- November 18, 2008
LOS ANGELES — Westlake Financial Services announced it is expanding into the New Jersey market. The company now originates ... [ Full Story ]

Subprime Pullback Means Big Business for BHPH Dealers -- November 13, 2008
HOUSTON — Many subprime lenders are tightening their business and trimming back on dealer relationships, which is a boon to buy-here, pay-here dealers as many customers who normally went the more traditional finance route are now ... [ Full Story ]

NAF Association to Host Update on Non-Prime Auto Industry -- November 13, 2008
HANOVER, Md. — The National Automotive Finance Association, J.D. Power and Associates, in addition to TransUnion, are teaming up for a Webinar on ... [ Full Story ]

Good News from Subprime Lenders -- November 13, 2008
Bankruptcies are at a three-year high, jobless claims at a 14-year high and both are increasing. So, what are the subprime lenders doing to remain profitable? What can you do to guarantee the survival of these needed financing sources? ... [ Full Story ]

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