MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that it has added a new resource for buy-here, pay-here dealers to its CompliSource solution. CompliSource for Buy-Here, Pay-Here Financing can offer comprehensive compilations of information available about current state laws and ... [Read More]

HOUSTON — Ken Shilson, founder of the National Alliance of Buy-Here, Pay-Here Dealers, recently completed the latest industry benchmarks and shared some of the results with SubPrime Auto Finance News. According to Shilson, 2009 was a very challenging year. "A credit ... [Read More]

OAKLAND, Calif. — BarNone, a provider of special finance leads, recently launched a new per-lead national television advertising campaign; however, the company pointed out that it is compensated only for each applicant it drives to a dealer. BarNone explained how its campaign will ... [Read More]

PHILADELPHIA — VINtek recently expanded the availability of its interactive, real-time tax, tag and title fee calculator. Previously only accessible by lenders, dealers and consumers now can use the tool through the launch of www.taxandtags.com. Previously, the company noted that this ... [Read More]

WASHINGTON, D.C. — The National Automobile Dealers Association, along with other commercial lending executives representing four major banks, met with the Small Business Administration recently to discuss ways to make the SBA's dealer floor plan pilot program more effective. The association ... [Read More]

DETROIT — Many lenders are apparently returning to some of the some practices that played a role in their financial instability, such as zero-percent financing, low down payments and more, according to Sudarshan Mhatre, senior analyst with PricewaterhouseCoopers' Autofacts. He also ... [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services revealed this week that Bank of America's Dealer Financial Services is being connected to its AppOne platform. Interestingly, this latest deal is designed to help dealers finance marine and RV units for customers. "Not only ... [Read More]

CHICAGO — Nationwide Acceptance Corp. recently completed integration with DealerTrack, meaning that dealers can now process credit applications electronically to Nationwide through the DealerTrack platform. "We are very excited to integrate with one of the nation's premier platforms for dealers to ... [Read More]

DETROIT — Now an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as its preferred provider of wholesale and retail financial services for its qualified Saab dealers and customers throughout the world. The automaker's dealers already ... [Read More]

CARMEL, Ind. — Late last week, J.D. Byrider announced it has hired a new executive to serve as vice president of franchise operations. Hired for this position is Thomas Welter, who will be responsible for "maximizing unit profitability by strengthening the ... [Read More]