PODCAST: Executives on subprime market & 2025 expectations
Monday, Jan. 13, 2025, 11:29 AM
ARA & MBSi partner to streamline compliance mandates in repossession & recovery
Monday, Jan. 13, 2025, 11:29 AM
Vitu finalizes acquisition of Dealertrack registration & titling businesses from Cox Automotive
Friday, Jan. 10, 2025, 10:59 AM
KBB Selects BMW Financial Services’ up2drive.com to Help Web Shoppers
Tuesday, Apr. 21, 2009, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Group Financial Services recently announced that up2drive.com has been selected by Kelley Blue Book as its exclusive online lender for the kbb.com Web site. An automotive financing Web site that features convenient loan services, up2drive.com is ... [Read More]
RouteOne’s New Partnerships
Tuesday, Apr. 21, 2009, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently released a plethora of news, including partnerships with Market Scan Information Systems, ProMax Online and new integration between XpressCredit and Automobile Consumer Services on its platform. The most recent news is the fact the company ... [Read More]
Regional Acceptance Names Collection Agency of the Year
Tuesday, Apr. 21, 2009, 12:00 AM
Nick Zulovich
GREENVILLE, N.C. — On Monday, Regional Acceptance Corp. named its 2008 Collection Agency of the Year. Accepting this honor is accounts receivable management firm Central Credit Services. This is the fourth year Regional has handed out a Collection Agency of the ... [Read More]
Consumer Perception of Loan Rejection Leads Industry to Lose $10 Billion in 1Q Auto Sales
Thursday, Apr. 16, 2009, 12:00 AM
Nick Zulovich
BANDON, Ore. — The average FICO score for a new-vehicle buyer hit its lowest level since May 2006, according to the latest CNW Research data. This figure came in at 722 in March and includes buyers who financed, leased and paid ... [Read More]
Strategic Marketing Launches Money-Bank Guarantee for Dealers
Thursday, Apr. 16, 2009, 12:00 AM
Nick Zulovich
LOUISVILLE, Ky. — Strategic Marketing recently announced it is now offering direct mail with a no-risk, money back guarantee. This program can give dealers assurance that their advertising funds will be protected and refunded by Strategic Marketing if a certain return ... [Read More]
CarBiz Launches New Web Site
Thursday, Apr. 16, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz announced today that it has launched a new lease-here, pay-here Web site. CarBiz officials said they offer a variety of services to consumers and dealers from buying cars to providing financing and leasing, as well as operating ... [Read More]
VINtek Introduces Dealer Monitoring Program for Lenders
Thursday, Apr. 16, 2009, 12:00 AM
Nick Zulovich
ORLANDO, Fla. — Philadelphia-based VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance lenders, announced the launch of its Dealer Monitoring Program. The new offering is a risk ... [Read More]
KeyBanc Predicts Resurgence in New-Vehicle Sales Over Next Several Months
Tuesday, Apr. 14, 2009, 12:00 AM
Nick Zulovich
CLEVELAND — The rising demand for used vehicles and loosening of financing will soon translate into increased demand for new-vehicle sales, according to the latest report from KeyBanc. Driving this expected ramp up of demand are improving retail auto financing and ... [Read More]
Wachovia Dealer Services Joins AppOne Platform
Tuesday, Apr. 14, 2009, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced today that Wachovia Dealer Services, a Wells Fargo Co., has joined its platform. Wachovia Dealer Services, the fifth-largest auto finance company in the nation, will purchase automotive retail ... [Read More]
RouteOne Teams Up with DealerCentric to Assist Dealers
Tuesday, Apr. 14, 2009, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that it has completed integration with DealerCentric. DealerCentric can enable dealers to capture and convert leads to credit applications and qualify online or offline consumers to specific vehicles and lender programs at the beginning of ... [Read More]