IRVING, Texas — Specialty auto finance company Exeter Finance Corp., announced the completion of its third rated term securitization late last week, issuing $400 million in notes backed by subprime automobile installment receivables. The company explained the notes were purchased ... [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies chairman and chief executive officer Mark O'Neil emphasized that the more governmental regulations dealers face, the more valuable the company's suite of solutions are. Along with highlighting store appeal for its inventory management system ... [Read More]

HANOVER Md. — Hudson Cook recently brought in its third new partner so far this year, as the new addition is set to establish the firm's new office in West Chester, Pa. Joining the provider of legal compliance services for ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE LAKE SUCCESS, N.Y. — Recent intimate dialogue with both dealers and lenders gave Dealertrack Technologies chairman and chief executive officer Mark O'Neil a unique assessment of just how the subprime auto finance ... [Read More]

ATLANTA — Global Lending Services, a one-year-old subprime auto finance company, is appointing a new chief executive officer, pulling in a former high-ranking exec from Capital One Auto Finance. Taking on the role effective Wednesday is Steve Thibodeau, who will ... [Read More]

WOODCLIFF LAKE, N.J. — BMW Group Financial Services revealed several changes to its executive team in the U.S. which will all take effect on June 1. The moves include: —Shaun Bugbee, formerly vice president of sales and marketing, will move ... [Read More]

CALGARY, Alberta — Blackline GPS recently reached an agreement with MVTRAC for the distribution of Blackline's Dart covert and asset tracking system into the recovery industry. Well-positioned within the auto finance, government and law enforcement market, officials highlighted MVTRAC's Intelligent ... [Read More]

LARGO, Md. — Damon Lester, president of the National Association of Minority Automobile Dealers, sent a letter to President Barack Obama last week, articulating three possible ramifications if federal regulations eventually lead to the elimination of dealer markups. Lester outlined ... [Read More]

CHICAGO — Fitch Ratings projected that U.S. auto lenders will likely report further weakening in asset quality metrics this year, attributing three reasons for its forecast. Analysts arrived at their assessment by mentioning three factors: —Lower used-vehicle values —Loosening of ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 8 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 100,702 in ... [Read More]