SYRACUSE, N.Y. — XpressCredit has struck a deal with U.S. Choice Auto Rental Systems to provide the company's dealers with an online lending platform. Basically, XpressCredit dealers can now utilize the U.S. Choice program as a way to deploy current inventory to ... [Read More]

ATLANTA — Assurant Specialty Property, a provider of creditor-placed homeowners insurance, auto collateral protection insurance and related services, announced plans to establish a second service center in Duluth, Ga. The new facility will be used to accommodate the company's growing auto ... [Read More]

CARY, N.C. — Due to inclement weather, the offices of Cherokee Automotive Group, publisher of the SubPrime News Update and Auto Remarketing Today e-newsletters, have closed on Tuesday. Because of this, there will be no Wednesday edition of Auto Remarketing Today. Publication is ... [Read More]

PALISADES PARK, N.J. — For dealers who may have had to deal or sell to a customer who is worried about their ability to continue making payments, there is a new product designed to help — a Vehicle Repurchase Guarantee. Vehicle Repurchasing ... [Read More]

NEW YORK — As part of becoming a bank holding company, GMAC Financial Services announced some changes to its board of directors, including the resignation of chairman J. Ezra Merkin. Pursuant to the Federal Reserve System's order, GMAC's Board will be ... [Read More]

PHOENIX — Officials from www.OnlineBKmanager.com recently broke down the number of bankruptcies awaiting discharge in each state. "We have been monitoring the steady growth of personal BK cases," said Robert Davies, president of www.OnlineBKmanager.com. "The good news is our dealer clients ... [Read More]

TULSA, Okla. — OAG Indirect, one of the nation's leading auto finance companies, announced that it has agreed to partner with Payless Car Sales to provide custom retail financing services to Payless Dealers in 48 states. "An alliance with Payless Car ... [Read More]

BANDON, Ore. — Early data from CNW Research indicates that auto loan approvals began to rebound in December after plummeting in October. "This marks the second month that auto lenders seem to have loosened the purse strings a bit," explained Art ... [Read More]

SOUTHFIELD, Mich. — Officials from Automotive Credit Corp., based in Michigan, reached out to SubPrime Auto Finance News late last week to report the company is thriving and expanding. In fact, Tony Stallworth, vice president of sales and marketing, said, "We ... [Read More]

MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, the patented starter interrupt system that ensures timely collection of customer car payments, recently announced the introduction of ON TIME FLEX XL, which is an upgraded version of its popular ON TIME FLEX ... [Read More]