LOS ANGELES — Nowcom recently rolled out a new Web-based DMS, which the dealer management solutions provider contends is a major upgrade from its Dealer Desktop program. Among the new features of DealerCenter 7 is an inventory management tool with vehicle ... [Read More]

HANOVER, Md. — The National Automotive Finance Association is preparing for its 14th Annual Below-Prime Credit Auto Financing Conference slated to kick off next week at the Renaissance Worthington Hotel in Fort Worth. The event will run June 2-4, with Dan ... [Read More]

CINCINNATI — Security National Automotive Acceptance Corp. named a new chief financial officer today. Taking on this position is Adam Contino, who will be responsible for leading all finance business intelligence and information technology functions. Contino has 23 years of experience, ... [Read More]

CARY, N.C. — SubPrime Auto Finance News is putting out the call for nominations of top subprime movers and shakers. Nominations can include auto finance executives, including those of non-prime companies, special finance and buy-here, pay-here dealers, as well as other ... [Read More]

BROOKFIELD, Wis. — Earlier this week, Fiserv unveiled several enhancements to its Automotive Loan Origination System (LOS). Executives believe the modification can provide auto lenders with the flexibility to meet variable technology and market requirements. Some of the best-practice technologies now ... [Read More]

CHICAGO — The overall outlook of economists at the recent Automotive Economic Forecast and Financial Forum was positive — they all believe the economy is on the road to recovery — but they all also recognize that road will be a slow ... [Read More]

CHICAGO — Mirroring positive trends from the latest S&P/Experian Consumer Credit Default Indices, officials from TransUnion on Tuesday noted a sharp decline in the national 60-day auto delinquency rate. The TransUnion rate — which calculates the ratio of vehicle loan borrowers 60 ... [Read More]

NEW YORK — The latest S&P/Experian Consumer Credit Default Indices highlighted the continued improving performance of auto loans. Standard & Poor's and Experian based their analysis on data through April of this year and found defaulting balances on vehicle loans slid ... [Read More]

AUBURN HILLS, Mich. — Thanks to a new partnership with Santander, starting today, Chrysler dealers can ramp up the number of credit-challenged customers they are getting behind the wheel of Chrysler, Dodge and Jeep models. Furthermore, a Chrysler spokesperson told SubPrime ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute revealed several double-digit increases regarding several time frame comparisons when looking at latest bankruptcy totals. Beginning with first-quarter results, ABI indicated U.S. bankruptcy cases jumped 17.5 percent over the same period in 2009. That rate ... [Read More]