CARMEL, Ind. — This morning, KAR Holdings announced the launch of Automotive Finance Consumer Division.  The AFCD product line provides access to a fully integrated dealer management system (DMS), Dealer Desktop® developed by Nowcom Corp., as well as virtual F&I services, ... [Read More]

SYRACUSE, N.Y. — XpressCredit recently announced a new business development manager. Taking on that position is Richard Weaver. With more than seven years of auto sales and finance experience, Weaver has worked with a variety of dealerships in Mississippi and ... [Read More]

SALT LAKE CITY — For the second consecutive year, Earnhardt Auto Centers in Phoenix and Dallas-based DriversSelect were named the best among 12 recipients of Prestige Financial's annual True Partnership award. The awards are given to dealers who have shown an extraordinary ... [Read More]

WESTLAKE VILLAGE, Calif. — Recent analysis from Power Information Network discovered that market share penetration by captives grew by more than 5 percent in the fourth quarter of 2007 versus the same period in 2006. "Industry-wide rates have dropped by more ... [Read More]

SHELBY TOWNSHIP, Mich. — Michigan Auto Title Service and Recovery Database Network announced today that they have started the process of integrating their software products to will allow mutual customers to seamlessly confirm liens and process title requests.   The M.A.T.S. Request ... [Read More]

SARASOTA, Fla. — CarBiz announced that it has received a dealer license for the state of Nebraska. With this approval, the company said it has begun full operations at two Nebraska locations in Omaha. "CarBiz became the fourth largest buy-here, pay-here business ... [Read More]

WASHINGTON, D.C. — According to the Federal Reserve, consumer credit increased at an annual rate of 7.5 percent in November. Meanwhile, revolving credit increased at an annual rate of 11.25 percent and non-revolving credit increased at an annual rate of 5 ... [Read More]

CAMBRIDGE, Mass. — A recent report from the National Bureau of Economic Research analyzed the trends of subprime auto defaults at a large U.S. financial institution. The data taken into account during the analysis included applications and sales from June 2001 ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today that it is entering the new year with 250 finance sources signed to its Web-based credit application management system, up nearly 75 percent from early 2007. "The tremendous growth in the number of finance ... [Read More]

SARASOTA, Fla. — ACH Collector is the latest addition to the Leedom Group's growing list of product offerings, and is designed to enhance profitability for buy-here, pay-here operators by taking full advantage of the technology their customers are already using. ACH ... [Read More]