OVERLAND PARK, Kan. — Fourteen years ago I became a manager of a BHPH operation associated with a large multi-franchise dealer group in Texas. We had a related finance company with a $17 million portfolio. There were 2,500 open loans ... [Read More]

HANOVER, Md. — Hudson Cook established the firm's New York office with the recent addition of its newest partner. Joining the provider of legal compliance services for the financial services industry is Jeff Levine Hudson Cook highlighted Levine's practice will ... [Read More]

CARMEL, Ind. — After 25 years and now 150 stores in its buy-here, pay-here network, J.D. Byrider contends it has this new franchisee launch program down pretty nicely. Vice president of franchise sales Jack Humbert pointed to a host of ... [Read More]

SANTA MONICA, Calif. — Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds.com determined ... [Read More]

HANOVER, Md. — Officials from the National Automotive Finance Association set the dates for its next Non-Prime Auto Financing Conference, an event that will mark its 18th year in 2014. NAF Association's next annual event will be conducted on May ... [Read More]

MISSION VIEJO, Calif. — Finance management system provider DealerCentric Solutions this week rolled out what it's calling ID Drive, a patent-pending identification scanner technology aimed at giving dealerships protection against fake IDs and identity theft. Developed in partnership with AssureTec ... [Read More]

PHOENIX — Recent figures suggest that consumers are back to buying vehicles at a pre-recession pace, but their shopping and payment habits are changing with the Web now the most influential source. The consumer is now demanding different finance options ... [Read More]

DETROIT — As a part of Ally Financial's "Success Stories" campaign, which celebrates the dealers and their leadership in the communities they serve, the company is ramping up its efforts to provide brochures and other documents in both English and ... [Read More]

ATLANTA — CAR Financial Services opened a new office in St. Louis, marking its 17th domestic office plus two international locations. CAR president Rick Potter highlighted expansion plans are in full gear and more offices are set to open later ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute indicated total bankruptcy filings in the United States for July decreased 10 percent compared to the previous year, keeping the pace at the lowest rate the industry has seen in five years. According ... [Read More]