CENTENNIAL, Colo. — Peak5 announced today that it has named a senior vice president of national sales. Accepting this position with the company is Thomas Richards. Richards has been working within the auto industry for almost 15 years, according to officials. ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently announced the speaker lineup for its second annual Underwriting and Collections Conference to be held Nov. 2-4, 2008 in Houston. Kenneth Shilson, conference chairman, announced that Jay Rose, national automotive trainer ... [Read More]

SARASOTA, Fla. — Auto Dealer Monthly announced that it has officially released its Complete Guide to Special Finance, written by auto retail industry trainer and consultant Greg Goebel. This new guidebook offers in-depth coverage on how to build, maintain and grow ... [Read More]

SCHAUMBURG, Ill. — For the second quarter of this year, overall auto loan originations were down 17.47 percent, compared to the prior year, according to the latest AutoCount data from Experian Automotive. When it comes to origination by tier, the company ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Aftermarket Services announced this week that that Allstate Credit Division has joined its aftermarket network. Allstate Credit Division is an industry-leading solution for real-time aftermarket contract rating, quote generation and digital contracting. According to officials, it ... [Read More]

ALAMO, Calif., and LOS ANGELES — Dealerships can now improve their profitability by originating more loans and turning their seasoned loans into operating capital and inventory, thanks to a partnership announced Wednesday between Global Debt Network and CreditSmarts. "This partnership extends ... [Read More]

PORTLAND, Ore. — Compli and Environmental and Occupational Risk Management of San Jose, Calif., announced they have formed an alliance to provide top-tier environmental, health and safety information and content to dealers through Compli's Dealership Compliance Management System. "We have found ... [Read More]

NEW YORK — Apparently, U.S. auto manufacturer health and the performance of auto asset-backed securities continue to cause investor concerns that extend beyond the Big 3 automakers and their captive finance subsidiaries, Fitch Ratings recently reported. Under concern is "virtually all ... [Read More]

WASHINGTON, D.C. — The average interest rate on new-car loans at auto finance companies plummeted from 5.49 percent in June to 3.31 percent in July, according to the latest consumer credit data from the Federal Reserve. The average interest rate is ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of two new lenders to its platform. It has completed integration with Liberal Finance Service, a New Jersey-based subprime auto lender, via the Loan Origination System provided by XpressCredit. Liberal Finance specializes ... [Read More]