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JM&A Group Offers Profit Guarantee Per Finance Deal
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
DEERFIELD BEACH, Fla. — JM&A Group announced it is now guaranteeing a specific profit per finance deal for new dealer customers. Those dealers now have the assurance of adding $200 to their bottom line for each deal, what company officials tout as the industry's ... [Read More]
Invest in America Credit Union Partnership Expands Even Further
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL officials announced this week that they're partnering with the creator of the "Invest in America" program, which is aimed at helping financing credit union members looking to buy vehicles from General Motors and Chrysler. The partnership links CUDL and ... [Read More]
ADP, Reynolds Join to Create New Company
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
DETROIT — ADP and Reynolds and Reynolds this week unveiled what they hope will be another successful collaboration with the goal of enhancing the loan origination process via a new company, Open Dealer Exchange. Officials described Open Dealer Exchange as a ... [Read More]
Leedom Group Acquires Four BHPH Stores
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Leedom Management Group announced it has acquired four buy-here, pay-here dealerships in southern Georgia and has renamed them AutoMaxx of Georgia. Chris Leedom, chief executive officer of the Leedom Group, said the acquisition will bring to five ... [Read More]
Chrysler Financial to Provide Zero-Percent Financing
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
AUBURN HILLS, Mich. — Thanks to the U.S Treasury Department's recent decision to provide Chrysler Financial with access to up to $1.5 billion in loans, the lender can now offer zero-percent financing on select Chrysler, Jeep or Dodge models. The loans are available as part of ... [Read More]
First Advantage CREDCO, Compli Launch New Compliance Tool
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — First Advantage CREDCO recently announced that it has partnered with Compli to offer a complete compliance tool set for dealers and their mutual customers. First Advantage CREDCO will combine its consumer data with Compli's on-demand compliance management software solutions. Participating ... [Read More]
XpressCredit Unveils Web-Based Lending Program for U.S. Choice Dealers
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
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]
Assurant Specialty Property Expands Operations
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
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]
Editor’s Note: Auto Remarketing Today to Pause Publication on Wednesday
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
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]
How are States Faring When it Comes to Bankruptcies Awaiting Discharge?
Thursday, Jan. 15, 2009, 12:00 AM
Nick Zulovich
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]