Former United Auto Credit & Westlake executive becomes SAFCO’s new chief risk officer
Tuesday, Nov. 26, 2024, 11:21 AM
Cox Automotive sells off another F&I tool as Vitu to acquire Dealertrack’s titling division
Monday, Nov. 25, 2024, 11:39 AM
CFPB examines carveouts in state data privacy laws for financial institutions
Monday, Nov. 25, 2024, 12:03 PM
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]
Hudson Cook Adds Former FTC Counsel to Team
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Hudson Cook LLP, a leading provider of legal compliance services for the financial services industry, recently said it has added a new attorney to its team. Jean Noonan, managing partner of the Washington, D.C. office, announced that attorney ... [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]
BMW Financial Launches Non-Captive Lending Direct-to-Consumer
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — To mark the company's entry into the direct-to-consumer lending business, BMW Group Financial Services announced today the launch of www.up2drive.com, an auto financing site that features loan services designed to empower the consumer in the car buying and ... [Read More]
Part 2: What BHPH Operators Should Learn from Subprime Mortgage Crisis
Thursday, Sep. 27, 2007, 12:00 AM
Nick Zulovich
HOUSTON — About 30 days ago, I wrote an article about some of the lessons buy-here, pay-here operators should learn from the recent subprime mortgage meltdown. I received numerous comments relating to this article, and several respondents offered additional insights, which ... [Read More]