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Westlake Financial Names New President
Thursday, Oct. 11, 2007, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced a new president this week as Bruce Newmark departed the company. Taking on the responsibilities is Don Hankey, chairman of the board. In related news, Westlake said it has also added two executives — Michael ... [Read More]
PassTime Announces New Partnerships
Thursday, Oct. 11, 2007, 12:00 AM
Nick Zulovich
LITTLETON, Colo. — PassTime USA recently announced two new partnerships designed to add more services to the company's repertoire. To kick off the announcements, PassTime said it has teamed up with Summit Funding Group, a Cincinnati-based leasing and financing company. Thanks ... [Read More]
ADI Adds New Associate Professor
Thursday, Oct. 11, 2007, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute has added a new associate professor that is a well-known F&I trainer and consultant in the industry. In a new partnership, Rebecca Chernek, president of Chernek Consulting, has agreed to offer classes to help ... [Read More]
2Loan4Less.com Goes Live
Thursday, Oct. 11, 2007, 12:00 AM
Nick Zulovich
NORTH HOLLYWOOD, Calif. — 2Loan4Less.com is a newly launched free online service which consumers can use to shop for new and used car loans. By offering the ability to compare rates and terms offered by a network of lenders, consumers will ... [Read More]
AppOne Adds New SubPrime Lender to Network
Tuesday, Oct. 9, 2007, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, which is now a subsidiary of Wolters Kluwer Financial Services, announced late last week that Universal Special Auto Finance has joined its network of lenders. Through AppOne, Universal Special Auto Finance has the opportunity to expand ... [Read More]
CIQ/Voisys Improves Internet Finance Leads Program
Tuesday, Oct. 9, 2007, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — CIQ/Voisys, an 800 and Internet-based lead generation system serving the automotive non-prime, prime and lease markets, recently announced the release of a Virtual BDC to enhance its Internet Finance Leads Program. According to officials, the new tool guarantees ... [Read More]
Flex Fund, Copart Partner
Tuesday, Oct. 9, 2007, 12:00 AM
Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services recently announced that it has entered into an operating agreement with Copart. Through the agreement, Flex Fund is partnering with Copart to offer used-car floor planning services for Copart's customers, which include licensed ... [Read More]
Sekurus Moves Headquarters
Tuesday, Oct. 9, 2007, 12:00 AM
Nick Zulovich
MURRIETA, Calif. — Sekurus, which manufacturers ON TIME and other leading auto asset protections, management and tracking systems, recently announced that its headquarters has been relocated to larger California-based offices. Officials said the move was due to continuing growth and ... [Read More]
DealerTrack Hits New Record
Thursday, Oct. 4, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this week that the number of active financing sources connected to its platform has hit 425, an increase of 39 percent since the end of 2006. "We are excited to reach this milestone," said Mark ... [Read More]
NowAuto Explains Fiscal 2007 Loss
Thursday, Oct. 4, 2007, 12:00 AM
Nick Zulovich
TEMPE, Ariz. — NowAuto Group reported lower revenue for the year; however officials attributed the downturn to stricter underwriting criteria that were implemented to strengthen business in the long run. Revenue for the company's fiscal 2007 came in at $6,944,021, compared with ... [Read More]