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ABI: Bankruptcies Rise to Highest Levels Since Law Change
Thursday, Aug. 28, 2008, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — In a mounting trend of more filings, the total number of U.S. bankruptcies filed during the first six months of this year grew by 29.2 percent over the same period in 2007, according to data released Wednesday by ... [Read More]
Zag Names New President, COO
Thursday, Aug. 28, 2008, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — Zag recently announced it has named a new company president and chief operating officer. Automotive industry e-commerce innovator Chris Porch has joined the company in this role. According to officials, Porch is a hands-on leader who excels ... [Read More]
Early Bird Deal on Booths for Leedom Conference Ends This Month
Thursday, Aug. 28, 2008, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Leedom and Associates is preparing for its 14th Annual National Special Finance and Buy-Here, Pay-Here Conference, which is slated for Oct. 12-14 at Caesars Palace in Las Vegas. The company announced that the deadline for early bird deals ... [Read More]
The Evolution of the Repossession Industry
Tuesday, Aug. 26, 2008, 12:00 AM
Nick Zulovich
DAYTONA, Fla. — The majority of professionals in the repossession industry are just that – professionals. To get an idea of the demands on these professionals today and just how the industry has evolved over the years, Auto Remarketing interviewed four ... [Read More]
Compli Launches Red Flags Toolkit
Tuesday, Aug. 26, 2008, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — Compli announced the release of its Red Flags Toolkit today, which was developed in collaboration with Michael Benoit, a partner at Hudson Cook, LLP. The Red Flags Toolkit, available at no extra charge to current and future customers ... [Read More]
Edmunds.com Presents Confessions of an Auto Finance Manager
Tuesday, Aug. 26, 2008, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — The auto finance manager's office, where most vehicle purchases are finalized at dealerships, is a treacherous place for consumers, according to Edmunds.com. To help consumers navigate this arena, the company recently announced that it has followed up on the ... [Read More]
Fitch: Auto ABS Losses to Continue to Climb
Tuesday, Aug. 26, 2008, 12:00 AM
Nick Zulovich
NEW YORK — While tax rebates appeared to help consumers with paying down their debts, going forward, consumers will struggle with their bills and Fitch Ratings said it sees subprime auto losses climbing even more into the summer. More specifically, the ... [Read More]
Wachovia Announces Goal to Reduce Long-Term Auto Loans, More
Thursday, Aug. 21, 2008, 12:00 AM
Nick Zulovich
CHARLOTTE, N.C. — Wachovia recently announced that its vehicle finance division is working to reduce the percentage of seven-year auto loans it is offering to consumers, setting a goal of 2 percent compared with a high of 6.5 percent. Moreover, the company reported ... [Read More]
To Help Dealers Improve Closing Ratios, Wolters Kluwer Launches RefundOne
Thursday, Aug. 21, 2008, 12:00 AM
Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced the launch of RefundOne this week. Specifically designed for the auto dealership market, it is a patent-pending, integrated credit application and tax preparation service. RefundOne combines Wolters Kluwer Financial Services' AppOne dealership portal and ... [Read More]
The Encyclopedia of F&I Management Now Available Via E-Book
Thursday, Aug. 21, 2008, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute recently announced that its first edition of the Encyclopedia of Finance and Insurance Management is now available through e-book at a limited-time cost of $49.95. This document comes in a PDF and covers almost ... [Read More]