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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]
Experian Offers Consumers Option to Freeze Files
Thursday, Oct. 4, 2007, 12:00 AM
Nick Zulovich
COSTA MESA, Calif. — Experian recently announced that beginning Nov. 1, it will offer consumers in all 50 states, including Washington, D.C., and U.S. territories the ability to freeze their credit reports. If a consumer opts for the freeze, it could ... [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]
Carbiz Expands Footprint by Acquiring More than Two Dozen Stores
Thursday, Oct. 4, 2007, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz recently announced that it purchased Calcars, the fourth largest chain of buy-here, pay-here dealerships in the country. This transaction entails the company acquiring 26 stores. Calcars' consolidated revenues for 2006 were more than $36 million, which would ... [Read More]
MaximTrak Partners with Universal Warranty
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WAYNE, Pa. — MaximTrak, an F&I menu system provider, recently announced that it has launched a real-time integration partnership with the Universal Warranty Corp., which is a subsidiary of Motors Insurance Corp. The integration partnership is designed to allow dealers to ... [Read More]
World of Special Finance Purchased
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — The magazine, World of Special Finance, and its related conference and other assets have been acquired by Bobit Business Media, it was announced recently. World of Special Finance LLC, a Michigan-based entity owned by Rick and Cindy ... [Read More]