NextGear Integrates KBB Values Within Apps
Thursday, Apr. 30, 2015, 02:32 PM
SubPrime Auto Finance News Staff
In an effort to help dealers monitor their floor-planning resources more efficiently, NextGear Capital recently announced that it added Kelley Blue Book values to its myNextGear Web and mobile applications. As a result of this integration between the two Cox ... [Read More]
Ally Points to Dealer Relationships for Q1 Success
Wednesday, Apr. 29, 2015, 02:55 PM
Nick Zulovich, Editor
Ally Financial chief executive officer Jeffrey Brown pledged that the company would maintain positive performances despite a huge volume of originations no longer coming its way from General Motors and Chrysler. Now, Brown contends he has Ally’s first-quarter results to ... [Read More]
DRN Adds Former Carfax Exec to Manage Risk Solutions Business
Wednesday, Apr. 29, 2015, 02:51 PM
SubPrime Auto Finance News Staff
Digital Recognition Network hired a new managing director for its risk solutions business on Wednesday. The company’s growth in the insurance market prompted DRN to bring on Eric Nesson, a 25-year sales and insurance industry professional. Most recently, Nesson headed ... [Read More]
CRIF Select Partners with Dealertrack Digital Document Services
Wednesday, Apr. 29, 2015, 02:49 PM
SubPrime Auto Finance News Staff
CRIF Select, a division of CRIF Lending Solutions and leading provider of indirect lending solutions, recently teamed with Dealertrack’s Digital Document Services (DDS) to provide Dealertrack’s eDocs solution for digital contract processing to CRIF Select’s partner institutions and dealerships. Dealertrack’s ... [Read More]
More Prime Paper Boosting GM Financial’s Metrics
Monday, Apr. 27, 2015, 04:16 PM
Nick Zulovich, Editor
General Motors Financial is less than two quarters into its strategic adjustment of originating more prime paper than the finance company ever has in part to its enhanced relationship as the captive for the parent automaker. But GM Financial is ... [Read More]
Mitsubishi Taps Ally as Preferred Financing Source
Monday, Apr. 27, 2015, 04:14 PM
SubPrime Auto Finance News Staff
Enhancing a relationship that’s already existed for several years, Ally Financial and Mitsubishi Motors North America on Monday announced that Ally will become the preferred financing source for Mitsubishi Motors in the U.S., replacing the brand’s captive finance company, Mitsubishi ... [Read More]
3 Personnel Moves at BillingTree Boost Leadership Team
Monday, Apr. 27, 2015, 04:12 PM
SubPrime Auto Finance News Staff
BillingTree recently expanded its leadership team with a trio of appointments. First, Nils Krumins now is senior director of professional services. The company also promoted Chad Probst to vice president of sales and business development. BillingTree indicated both of those ... [Read More]
National Auto Lenders Unveils New Logo
Monday, Apr. 27, 2015, 04:09 PM
SubPrime Auto Finance News Staff
In an effort to enhance the celebration of its 19th year of operation, subprime auto finance company National Auto Lenders rolled out a new logo and tagline. The marketing strategy is all part of NAL continuing to expand into new ... [Read More]
MakeMyDeal Offers 3 Ways to Improve F&I Process
Friday, Apr. 24, 2015, 03:01 PM
SubPrime Auto Finance News Staff
If you’re an F&I manager, how many times have you seen a weary buyer arrive in your office ready just to take delivery and depart the dealership? But it’s your job still to make the pitch, right? As frustrating of ... [Read More]
Auto Loan Defaults Move Marginally in March
Friday, Apr. 24, 2015, 02:59 PM
SubPrime Auto Finance News Staff
As analysts offered some assessments of what moves the Federal Reserve might make, data through March generated by S&P Dow Jones Indices and Experian indicated auto loan default ticked lower on a sequential basis but edged up slightly year-over-year. The ... [Read More]