Experts project potential impact in auto after Fed’s 50-basis-point rate cut
Thursday, Sep. 19, 2024, 10:24 AM
ARA reveals new executive director & director of commercial operations
Wednesday, Sep. 18, 2024, 02:08 PM
SAFCO makes another move, hiring new SVP of account services
Wednesday, Sep. 18, 2024, 10:58 AM
NABD Announces Details of Underwriting & Collections Conference
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
HOUSTON — The National Alliance of Buy Here, Pay Here Dealers announced earlier this week that it will hold its second annual training conference covering Underwriting & Collections in Houston on Nov. 2 to 4. More than 600 attendees are expected ... [Read More]
Fed: Average Interest Rate at Auto Finance Companies Inches Upward
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
WASHINGTON — After a downtick in February, the average interest rate of a new-vehicle loan at auto finance companies crept upward in April. According to data released by the Federal Reserve, the median interest rate at auto finance companies came in ... [Read More]
Top Execs from Non-Prime Lenders Discuss State of Industry
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
FORT WORTH — While several interesting topics and panels were the focus of this year's National Auto Finance Association's Non-Prime Auto Financing Conference, the highlight of the conference was a panel consisting of the top executives from AmeriCredit, Triad Financial and ... [Read More]
ABI: Bankruptcy Filings Rise Through 1Q
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — As escalating household debt has continued its grip throughout the first quarter of 2008, bankruptcy filings in the U.S. have remained on a steep climb, according to the American Bankruptcy Institute. Citing data from the Administrative Office ... [Read More]
AppOne Strikes Deal with myEZCarCare
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne announced Wednesday that it has partnered with myEZCarCare to be the official portal solutions provider of the company's maintenance programs to independent dealers. Under the agreement, dealers utilizing the AppOne platform can offer myEZCarCare's preventive maintenance ... [Read More]
Nomis Solutions Launches Negotiation Product
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
SAN BRUNO, Calif. — Nomis Solutions has introduced a new product that is designed to allow credit analysts and underwriters to create tailored offers that can meet dealer and customer needs but also meet their own business objectives during negotiation. Nomis ... [Read More]
VINtek Offers Electronic Lien and Title Program in Georgia
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
PHILADELPHIA – VINtek recently announced that it is the first authorized service provider of the Electronic Lien and Title program developed by the Georgia Department of Revenue that officially went live on May 22. As such, Georgia has been added ... [Read More]
Unstable Market Conditions Drive Triad Financial to Pull Out of Indirect Lending Market
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
NORTH RICHLAND HILLS, Texas — Triad Financial stopped all originations via its indirect dealer channel as of May 23, company officials told SubPrime Auto Finance News this week. However, Triad continues to originate loans through RoadLoans, its direct lending channel, executives ... [Read More]
Former Top Auto Finance Execs Join to Establish New Full-Spectrum Indirect Auto Lender
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
NEW YORK — Sixth Gear Solutions Corp., an independent auto finance company providing financing solutions to dealerships across the United States, today announced its entry into the market with $1 billion in equity and debt financing commitments to fund its ... [Read More]
Peak5 Launches Program to Help Lenders Check Servicing Strategies
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — Peak5 announced the release this week of a new benchmark program designed for auto finance companies to test their internal servicing strategies. The program, Test Drive Peak5, aligns with the goal of finance companies to stay on top ... [Read More]