Fitch Ratings recently released a new study that showed repo collateral value and recovery potential are on the rise. In the report titled, “Repo Emerges from the Shadow,” analysts indicated that based on a sample of the repo exposures of the 10 largest U.S. prime money market funds, they found several trends in repo collateral, […] [Read More]

CarFinance Capital LLC, a specialized provider of non-prime financing for auto dealers, announced that it has expanded its dealership services to provide incremental customer referrals from CarFinance.com, which offers direct lending to the less-than-prime consumer. The new program is designed to ensure dealer profits by providing loan-to-value ratios of up to 120 percent, and $2,000 […] [Read More]

Just a short time after revamping its website, Automotive Finance Corp. today officially rolled out a mobile app designed to address its dealer customers’ business needs. Officials highlighted the AFC on the Go mobile app was developed after surveying customers about their mobile computing challenges. AFC’s mobile app is available for immediate download from the […] [Read More]

The 2012 Auto Remarketing Canada conference presented by CarProof added another keynote speaker this week to complement its existing lineup of leading Canadian remarketing executives and dealers. Signing on to the conference lineup is Steve Coulman, national remarketing manager at BMW Group Financial Services Canada. He joins an April 17 keynote panel that includes: —Claudio DeAngelis, […] [Read More]

Mercedes-Benz Financial Services Canada president and chief executive officer Brian Fulton has been chosen to head up financial services in China; and appointed to take his place in Canada is Stefan Karrenbauer, the company announced earlier this week. The changes were officially effective on Wednesday. Karrenbauer most recently headed up operations development at Mercedes-Benz Bank […] [Read More]

With the annual gathering of franchised dealers dead ahead, Ally is ramping up its lease training on the heels of more than 7,700 dealer employees going through the program a year ago. The company highlighted attendees of Ally’s lease training sessions can learn about the complete value proposition of leasing and how it can meet […] [Read More]

Recovery Specialist Insurance Group recently highlighted how the industry has been embracing its National Agency Management Systems, a technology solution that’s been welcomed by Allied Finance Adjusters, as well as lenders. RSIG contends that NAMS is the only technology solution that can provide direct communication with the repossession agency and field rep, as well as ensure that […] [Read More]

American Recovery Association recently rolled out a new member-owned contract and billing organization. ARA explained American Recovery Management Solutions is designed to be an assignment facilitation model focused on bringing the benefits of a direct relationship back to the lender and the recovery agent. The association also stressed the organization is meant to offer the […] [Read More]

Expanding more on the recent deal to buy Dealer Services Corp., Patrick Brennan, group vice president for Manheim Financial Services, told Auto Remarketing on Friday that at first, dealers and clients won’t see many changes. Business will remain as usual. However, over time, as MFS sees where integration can work, perhaps in mobile technology and […] [Read More]

While also highlighting the company’s revamped website, Automotive Finance Corp. announced a new national floor planning promotion late last week. During festivities at the company’s official 25th anniversary celebration hosted at ADESA Dallas, AFC said it is giving away free floor planning for a year to one lucky AFC dealer. Officials noted the announcement made […] [Read More]