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]

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]

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]

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]

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]