Ally on track for 20% growth as dealers ramp up volume, analyst predicts
Ally Financial’s originations are on pace to increase 20% in the coming years as the non-General Motors and non-Chrysler dealers in...
New-car sales close in on 17M
Powered by strong November sales showings from Toyota Motor North America and Honda Motor Co., yearend light-vehicle volume is on track for...
Exeter scraps IPO
Subprime lender Exeter Finance has shelved plans for an initial public offering “due to market conditions,” according to a Nov....
Attorney for indicted dealer questions fraud claims
The attorney for Andrew Gabler, an Erie, Pa.-based auto dealer who was indicted on 17 counts of auto fraud in...
PE firm Cerberus buys stake in Florida used-car chain
Private equity firm Cerberus Capital Management has acquired an 80% interest in independent used-car dealership chain Off Lease Only LLC...
Nicholas Financial maps growth trajectory
Nicholas Financial has outlined expansion plans for its direct loan product and branch network, according to a Nov. 14 SEC...
Oportun debuts auto refi product
Oportun Financial rolled out an auto refinance product this week after applying lessons learned from a retail loan offering that...
Credit Acceptance ditches $10K dealer-enrollment fee
Credit Acceptance has eliminated its $9,850 dealer-enrollment fee in an effort to expand its dealer network. The lender disclosed the...
