Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
Thursday, Nov. 14, 2024, 10:00 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
More insight from Equifax & TransUnion about Q3 delinquency
Wednesday, Nov. 13, 2024, 02:39 PM
PROCON Signs Deal for Services, Wins Award for Growth
Tuesday, Nov. 24, 2009, 12:00 AM
Nick Zulovich
KNOXVILLE, Tenn. — PROCON also reached an agreement for services with a company that has a broad reach throughout the automotive industry. Having recently been honored for industry growth by T-Mobile, PROCON's mobile resource management system now will be utilized by ... [Read More]
WhereMembersDrive.com Rolls Out New Programs for Colorado Credit Unions
Tuesday, Nov. 24, 2009, 12:00 AM
Nick Zulovich
DENVER — A pair of new programs available to participating Colorado credit unions and their members opens the door to exclusive online used-vehicle listings. One of the initiatives through WhereMembersDrive.com allows these credit unions to post recently repossessed vehicles. Then, their ... [Read More]
CNW: Auto Lenders’ Unwillingness to Fund Subprime Paper Likely to Continue to Constrain Sales
Tuesday, Nov. 24, 2009, 12:00 AM
Nick Zulovich
BANDON, Ore. — Auto lenders are still apparently remaining very cautious in the quantity of subprime applications they approve and book. And while CNW Research points to this market as extremely profitable as the economy improves, the company also noted it's going to ... [Read More]
Westlake Financial Expands Dealer Base by 20%, Seeks Further 2010 Growth
Tuesday, Nov. 24, 2009, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced late last week that it is looking to continue to expand originations through the end of the year and into 2010. As part of this drive, the company has launched a shared-participation program. ... [Read More]
Finance Express Integrates Carfax Reports into Platform
Thursday, Nov. 19, 2009, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express announced this week that it has reached a deal to secure access to Carfax Vehicle History Reports. Independent dealers who use Finance Express' technology now can obtain these reports with just a single mouse ... [Read More]
Chase Launches Private Label Customer Financing for Jaguar and Land Rover
Thursday, Nov. 19, 2009, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y., and MAHWAH, N.J. — This morning, Chase and Jaguar Land Rover North America announced they have enhanced their offerings with the launch of the U.S. private label customer financing brands for Jaguar Financial Group and Land Rover Financial ... [Read More]
Despite Tough Environment, NowAuto Shows Improvements
Thursday, Nov. 19, 2009, 12:00 AM
Nick Zulovich
PHOENIX — Despite a troubled economy that has impacted auto purchasing, charge-offs and defaults, buy-here, pay-here dealer group NowAuto said its performance across various metrics have actually improved. More specifically, NowAuto Group reported that purchases, charge-offs and defaults have, in fact, improved significantly ... [Read More]
CPS Looking to Resume Growth in 2010
Thursday, Nov. 19, 2009, 12:00 AM
Nick Zulovich
IRVINE, Calif. — In reporting third-quarter results, Consumer Portfolio Services' chief executive officer called this period a turning point for the company. Basically, total revenues for the quarter came in at $52.8 million, a drop of about $38.9 million, or 42.4 ... [Read More]
J.D Byrider Honors Top Dealers
Tuesday, Nov. 17, 2009, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider recently recognized various dealers as winners of its annual awards during the company's November convention in Rancho Palos Verdes, Calif. The Franchise of the Year winners were chosen in three categories — single (one location), mid (two-three ... [Read More]
Tight Credit Cuts Into Mint Leasing’s Revenue Total
Tuesday, Nov. 17, 2009, 12:00 AM
Nick Zulovich
HOUSTON — The Mint Leasing attributed the difficulty in securing adequate credit streams as reasons for its latest revenue figures remaining off as compared to last year. Company executives detailed the situation recently in its quarterly financial report. For the three-month ... [Read More]