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TowerGroup Outlines Successful Strategies for Lenders to Overcome Current Crisis
Thursday, May. 29, 2008, 12:00 AM
Nick Zulovich
NEEDHAM, Mass. — TowerGroup's senior analyst of consumer lending recently released a report discussing the current trends and challenges facing the auto lending market and how lenders can successfully circumvent these obstacles. Bobbie Britting reported that auto delinquency rates are growing. ... [Read More]
CUDL Slated to Host 10th Annual Auto Lending Symposium
Tuesday, May. 27, 2008, 12:00 AM
Nick Zulovich
LAS VEGAS — On June 18 to 20, CUDL will host its 10th annual Auto Lending Symposium at the Venetian, bringing remarketers, dealers, analysts, credit union specialists and more together to discuss the role of the credit union marketplace in auto ... [Read More]
NADA Offers Help to Reach Subprime Customers
Tuesday, May. 27, 2008, 12:00 AM
Nick Zulovich
McLEAN, Va. — As many as three out of five auto consumers suffer from damaged credit, according to the National Auto Dealers Association. "Dealers could be leaving a great deal of money on the table — perhaps hundreds of thousands of dollars ... [Read More]
Van Wagenen Teams Up with AmeriCredit
Tuesday, May. 27, 2008, 12:00 AM
Nick Zulovich
MINNEAPOLIS — Van Wagenen Financial Services recently announced that it has been selected by AmeriCredit to provide insurance tracking for its auto finance portfolio. "We chose van Wagenen for its technological expertise and extensive experience in insurance tracking and related products. ... [Read More]
DSC of Indiana Hits New Floor Planning Record
Tuesday, May. 27, 2008, 12:00 AM
Nick Zulovich
CARMEL, Ind. — In less than three years since its inception, Dealer Services Corp., which is based in Indiana, announced it has reached a major milestone — the flooring of its 1 millionth vehicle. To celebrate the achievement, Carmel-based DSC paid off the ... [Read More]
AmeriCredit Unveils Pricing of $750 Million Asset-Backed Securitization
Thursday, May. 22, 2008, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit Corp. made a major move regarding its auto loan operations earlier this week as the company announced a $750 million asset-backed securitization under its automobile receivables trust, which mostly covers subprime auto loans. Deutsche Bank Securities and Credit ... [Read More]
Dealers’ Financial Services Taps Underwriter for MILES Program
Thursday, May. 22, 2008, 12:00 AM
Nick Zulovich
LEXINGTON, Ky. — Dealers' Financial Services recently named Great American Insurance Co. as the underwriter for its MILES Guaranteed Auto Protection Program, which is designed to assist and protect active-duty military personnel when they are making a vehicle purchase. According to ... [Read More]
BlueSky Implements BDC Program for Dealers
Thursday, May. 22, 2008, 12:00 AM
Nick Zulovich
SAN RAMON, Calif. — BlueSky Marketing Group, a provider of direct marketing and lead generation for auto dealers, recently announced it has launched its full-service business development center division, which is designed to help dealers efficiently deliver more vehicles. BlueSky's Pure ... [Read More]
Peak5 Joins AFSA
Thursday, May. 22, 2008, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — Peak5 recently announced that it has become a member of the American Financial Services Association. As such, Peak5 indicated that it can provide a variety of unique resources to other AFSA members. This includes its Test Drive Peak5 ... [Read More]
AppOne Adds New Lender to Platform
Tuesday, May. 20, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced this week that Turner Acceptance Corp., a Chicago-based consumer finance company, has been added to its network of lenders. Through this new relationship, Turner Acceptance will offer ... [Read More]