Chase Appoints New Manager for a Calif. Custom Finance Center
Thursday, Jan. 21, 2010, 12:00 AM
Nick Zulovich
SACRAMENTO, Calif. — Chase recently named the manager of its Custom Auto Finance Center located northeast of the California state capital. Taking on this position is Phil Gouran, who will oversee the work facilitated at 2220 Douglas Blvd. in Roseville. Chase ... [Read More]
Santander Taps VINtek for Expanded Services
Thursday, Jan. 21, 2010, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek announced this week that it has struck a deal with Santander Consumer USA to manage vehicle titles for the company's recently expanded portfolio. Officials explained that a one of the reasons for this deal is Santander's recent acquisition ... [Read More]
Five Ohio Credit Unions Join WhereMembersBuy.com
Tuesday, Jan. 19, 2010, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — A total of five Ohio credit unions have decided to integrate an online vehicle shopping solution from Aimbridge Indirect Lending of Ohio into their list of available services. Among the organizations that opted to make WhereMembersBuy.com accessible to ... [Read More]
Sonic Automotive Completes New Credit Facilities
Tuesday, Jan. 19, 2010, 12:00 AM
Nick Zulovich
CHARLOTTE, N.C. — Sonic Automotive announced Tuesday that it entered into new syndicated credit facilities with several financial institutions that mature in August 2012. Furthermore, company executives noted that new floor plan arrangements with several manufacturer-affiliated finance companies for both new ... [Read More]
Nicholas Financial Expands Credit Line, Opens New Office
Tuesday, Jan. 19, 2010, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that the company has reached a new agreement with its consortium of lenders to increase the size of its credit line from $115 million to $140 million. The new contract extends the maturity date ... [Read More]
DealerTrack to Host Webinar Tomorrow on Compliance, Online Marketing Strategies
Tuesday, Jan. 19, 2010, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will host a free Webinar for dealers covering compliance and online marketing strategies on Jan. 20. The online seminar will highlight best practices for developing a program to minimize identity theft and compliance risks that can ... [Read More]
Experian Provides iScreen to Northern California Lender
Thursday, Jan. 14, 2010, 12:00 AM
Nick Zulovich
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]
RouteOne Completes Integration with Subprime Lender
Thursday, Jan. 14, 2010, 12:00 AM
Nick Zulovich
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]
Compli Plans Webinar to Discuss Wage-Hour Compliance
Thursday, Jan. 14, 2010, 12:00 AM
Nick Zulovich
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]
High Unemployment to Continue to Impact Auto ABS Performance
Thursday, Jan. 14, 2010, 12:00 AM
Nick Zulovich
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]