SCHAUMBURG, Ill. — Experian Automotive recently entered into a working relationship with a lender based in northern California. The deal's intention is to provide enhanced credit prescreen services for dealers' marketing materials. Experian's solution, iScreen, now will be utilized by Western ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today that it has completed integration with independent subprime lender Nationwide Acceptance Corp. Dealers in all of the markets served by Nationwide can now process credit applications electronically to Nationwide through the RouteOne platform. Basically, ... [Read More]

PORTLAND, Ore. — Compli, a compliance management software provider, is orchestrating a Webinar about a business element the company believes dealers might be overlooking. The upcoming event will focus on wage-hour compliance. Compli has scheduled the Webinar for Jan. 27 beginning ... [Read More]

NEW YORK — High unemployment rates throughout 2010 will continue to apply pressure on gross losses on auto loan transactions, according to DBRS. Basically, DBRS drew a connection between unemployment and credit performance, saying this relationship has continued during the "economic ... [Read More]

DALLAS — Chacon Autos is leaning on more than 50 years of experience to navigate through some of the most difficult conditions ever seen in the buy-here, pay-here dealership industry. Co-owner Gary Chaney stressed that utilizing online auctions more this year ... [Read More]

FARMINGTON HILLS, Mich. — After announcing that Klaus Entenmann has become chairman of Daimler Financial Services AG in Berlin, the company named a replacement who will head up the company's Americas division, in addition to other moves. Franz Reiner, the former head of ... [Read More]

WASHINGTON, D.C. — The latest data available from the Federal Reserve reveals that the average interest rate on 48-month new-car loans at commercial banks for November was the lowest figure on record. For November, this number came in at 6.55 percent. ... [Read More]

WASHINGTON, D.C. — The American Bankers Association recently discovered that delinquencies for both direct and indirect auto loans dropped from the previous quarter. ABA found that direct auto loan delinquencies fell nearly half a point to 2.04 percent from 2.46 percent. ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute pinpointed just how difficult it's been on consumers by sharing exactly how many filings occurred in 2009 and possible trends for this year. Officials revealed data from the National Bankruptcy Research Center that determined ... [Read More]

WASHINGTON, D.C. — As the national economy regains its footing, the American Financial Services Association is gearing its annual conference to give dealers and financial companies specific growth strategies for the rebound. National dealership leaders and top financial company executives are ... [Read More]