ATLANTA — Manheim Auto Financial Services announced today that it set a new record in 2007 — 1 million new-vehicle floor-planning originations.   To celebrate, MAFS leaders traveled to Manheim Nevada to personally reward the buyer of the 1 millionth unit. "If I could sum ... [Read More]

PROSPECT HEIGHTS, Ill. — HSBC Finance Corp.'s auto finance business recently announced an alliance with Peak5, a Flatiron Financial Services Co., to remarket Peak5 vehicles at the nationwide network of auctions used by HSBC. HSBC said it will offer its Seven-Day ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express and Detroit Trading Co., recently announced that they have entered into an alliance. As part of the alliance, the companies said they will work together to create an exclusive private-label finance lead acquisition ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of more enhancements to the adverse action compliance functionality within its Web-based credit application management system. The new functionality, which is provided free of charge, can allow dealers to search for applications ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced Wednesday that it has completed integration with InsureExpress, a leader in point-of-sale auto insurance. InsureExpress, based in Encino, Calif., said it has been providing guaranteed auto insurance coverage via dealers for more than 20 years. ... [Read More]

HANOVER, Md. — Hudson Cook LLP announced the addition of four new partners. A few are known for their work with the auto industry. The new partners include Emily Marlow Beck, Catherine Brennan and Lisa DeLessio in the Hanover, Md., office. ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced this week that its number of active financing sources has climbed to 475. Moreover, officials said that industry concerns over a slight interruption in their platform on Saturday and Monday have been resolved. Officials told SubPrime ... [Read More]

McLEAN, Va. — The slower economy, which has strained consumer finances and the credit environment has impacted three of the national full-spectrum auto lenders. In fact, all reported that their auto finance business struggled. Giving an overview of Capital One's business, ... [Read More]

NORTHFIELD, Ill. — A recent poll by the Small Business Research Board indicates that more dealers are seeking to increase their lines of credit this year, with almost one-third saying they expect to ask their principal lenders to raise loan limits. ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced the addition of two more subprime lenders to its platform. Barnett Finance currently serves North Carolina and Virginia and said it has plans to expand to other states in the near future. ... [Read More]