Asset Acceptance Reports on 1Q Progress, Challenges
Thursday, May. 13, 2010, 12:00 AM
Nick Zulovich
WARREN, Mich. — The leadership of Asset Acceptance Capital Corp., a purchaser and collector of charged-off consumer debt, recently detailed how it was encouraged by the progress made in becoming more efficient and increasing purchasing, also noting that the company made strides in certain areas ... [Read More]
Auto Credit Express Forms Partnership to Help Clients Rebuild Credit
Thursday, May. 13, 2010, 12:00 AM
Nick Zulovich
AUBURN HILLS, Mich. — Auto Credit Express has teamed up with United Credit Education Services to roll out a new Web site, FutureCreditScore.com, and offer its clients credit rebuilding services. Thanks to this partnership, AutoCreditExpress customers now have a way to ... [Read More]
Nicholas Financial Reports Upward Movement in Earnings, Revenue
Tuesday, May. 11, 2010, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — A look into Nicholas Financial's most recent quarterly performance report showed strong gains in net earnings and revenue, as well as plans to continue the company's expansion. For the most recent fiscal quarter, the company's net earnings, excluding change ... [Read More]
iMETRIK Forms New Business Unit to Manage Growth
Tuesday, May. 11, 2010, 12:00 AM
Nick Zulovich
MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, recently announced it created a new business unit to handle client growth. Because of steady company advancement during the past five years, executives have rolled ... [Read More]
Comerica: Auto Affordability Hits Nine-Quarter Low
Tuesday, May. 11, 2010, 12:00 AM
Nick Zulovich
DALLAS — Increased interest rates were the primary factor in pushing first-quarter auto affordability down to a more than two-year low, according to Comerica Bank, which released its most recent Auto Affordability Index today. Specifically, it required 23.4 weeks of median ... [Read More]
Chase Lends Hand to Haiti Relief Efforts
Tuesday, May. 11, 2010, 12:00 AM
Nick Zulovich
GARDEN CITY, N.J. — Chase Auto Finance has pitched in for the Haiti relief efforts, providing a 2004 GMC Sierra 1500 SLE for the "100 Trucks for Haiti" campaign that will be used to help dole out food, water and medicine ... [Read More]
DealerTrack’s 1Q Performance Enhances Financial Outlook for 2010
Thursday, May. 6, 2010, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings enjoyed revenue gains in the first quarter of 2010, helping the company to maintain its financial guidance forecast for the year. Executives noted that their revenue for the quarter was $56.8 million as compared with $55.7 ... [Read More]
ABI: April Bankruptcy Total Slightly Lower Than Previous Month
Thursday, May. 6, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — Consumer bankruptcies slowed somewhat in April as compared to the previous month. But the American Bankruptcy Institute found the April total still was 15 percent higher than the amount filed during the same month in 2009. ABI shared ... [Read More]
Capital One Auto Finance Bolsters Originations by 32 Percent
Thursday, May. 6, 2010, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One Auto Finance recently reported that quarter-over-quarter auto originations are up 32 percent, but the management team said these remain down modestly from the first quarter of 2009. Originations for the first quarter came in at $1,343,463, ... [Read More]
Credit Union Acceptance Joins AppOne’s Marine, RV Platforms
Thursday, May. 6, 2010, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — Credit Union Acceptance Co., a service organization that represents 130 credit unions, will now offer Wolters Kluwer Financial Services' AppOne platform to its network of marine, powersports and RV dealerships. This announcement is designed to build on ... [Read More]