Experts project potential impact in auto after Fed’s 50-basis-point rate cut
Thursday, Sep. 19, 2024, 10:24 AM
ARA reveals new executive director & director of commercial operations
Wednesday, Sep. 18, 2024, 02:08 PM
SAFCO makes another move, hiring new SVP of account services
Wednesday, Sep. 18, 2024, 10:58 AM
Ford Credit Offers Reasons for Lower 2Q Net Income
Thursday, Aug. 2, 2007, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced net income of $62 million in the second quarter, down $242 million from earnings of $304 million a year earlier. The decrease in earnings primarily reflected higher borrowing costs, lower credit loss reserve reductions, ... [Read More]
Car-Buy-Her Helps Dealers Reach Out to Women
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
ATLANTA — Although women have a lot of power when it comes to purchasing vehicles, there are not a lot of resources specifically geared to help females feel comfortable with process of buying a car, explained Sheronde Glover, founder and ... [Read More]
Fed Reports on Credit Trends, Vehicle Sales, More
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Among other trends, the Federal Reserve discovered that household credit decreased marginally since its last report. In fact, several districts observed higher delinquencies on mortgages and other consumer loans. For example, New York, Richmond, Chicago, Kansas City ... [Read More]
Ristken Integrates Protective’s Rates into MenuPro
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
DALLAS — Ristken Software Services announced it has integrated rates from the Asset Protection division of Protective Life Corp. into its MenuPro product. The move was done to offer dealerships direct access to Protective's rates, in addition to rates from ... [Read More]
Capital One Financial Reveals Car-Buyer Study Results
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
MCLEAN, Va. — As summer is in full swing, teens and young adults throughout the country are preparing to make the single largest purchase of their young lives — their first car. In its annual Rules of the Road survey, ... [Read More]
Triad Financial to Move Headquarters, Relocate 120 Positions
Thursday, Jul. 26, 2007, 12:00 AM
Nick Zulovich
HUNTINGTON BEACH, Calif. — A Triad Financial Corp. spokesperson told SubPrime Auto Finance News this week that company officials have decided to relocate remaining operational functions to their facility in North Richland Hills, Texas. After reviewing business, executives determined the ... [Read More]
Drive Financial Joins RouteOne
Thursday, Jul. 26, 2007, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced this morning that Drive Financial Services, which works in the nonprime indirect auto finance industry, has joined the growing number of finance sources on its platform. Drive Financial is a privately held company owned ... [Read More]
Dealers AA Dedicates Subprime Lane to Leases, Repos
Thursday, Jul. 26, 2007, 12:00 AM
Nick Zulovich
PHOENIX, Ariz. — Dealers Auto Auction of the Southwest announced it has created an exclusive subprime lease and repossession lane for its lender clients to run vehicles. These lenders include Lobel and Westlake Financial, in addition to six other subprime ... [Read More]
Credit Acceptance Revamps Web Site
Thursday, Jul. 26, 2007, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently launched an updated corporate Web site, which is designed to better benefit dealer clients, investors and customers. The new site was created to be easier to navigate via an updated graphical layout, enhanced ... [Read More]
Wells Fargo Auto Finance Names New Divisional VPs
Tuesday, Jul. 24, 2007, 12:00 AM
Nick Zulovich
CHESTER, Pa. — Wells Fargo Auto Finance announced it has appointed Todd Cooper, Scott Micale and David Reynolds as divisional vice presidents. During his 17 year career with Wells Fargo, Cooper has held numerous assignments in sales and credit. Cooper ... [Read More]