CHARLOTTE, N.C. — On Monday, Sonic Automotive announced it has sold Cornerstone Acceptance Corp., its automotive finance subsidiary. Sonic said it realized cash proceeds of about $33 million from the sale. B. Scott Smith, president and chief strategic officer, reported, ... [Read More]

PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, announced late last week that it has added Shawn Keller to its management team. As director of product management, Keller ... [Read More]

HUNT VALLEY, Md. — Sure, it takes time, money and patience to chase after primary insurance proceeds on repossessed vehicles. Sometimes it's just easier to wash your hands of it. Or is it? RecoveryPro is a specialized, affordable asset protection ... [Read More]

WASHINGTON, D.C. — John Snow, chairman of Cerberus Capital Management and former U.S. Treasury secretary, will be a key speaker at the upcoming American Financial Services Association's 12th Vehicle Finance Conference and Expo, which is slated for Feb. 6 to ... [Read More]

LAKE SUCCESS, N.Y. — This morning, DealerTrack announced the co-sponsors of its second annual Innovation Conference scheduled for Sept. 17 to 18 in Las Vegas. According to officials, the headline sponsor, Manheim, will be presenting on The Future of Online ... [Read More]

IRVING, Texas — Walkaway USA has unveiled what it calls a one-of-a-kind vehicle return program dubbed Protection for Automotive Financing designed to cover the credit union marketplace. The program provides credit union members with protection against negative equity, allowing them ... [Read More]

SARASOTA, Fla. — Leedom and Associates announced that the exhibit hall for its annual National Special Finance and Buy-Here, Pay-Here Conference has been sold out. Officials said they have created a waiting list as more space will added in the ... [Read More]

MINNEAPOLIS and BATON ROUGE, La. — Now that AppOne has a parent company, Wolters Kluwer Financial Services, the top executives from both companies offered insights into how the transaction will impact business. Right off the bat, Wolters Kluwer Financial Services said ... [Read More]

PORTLAND, Ore. — Compli announced it has expanded its sales channel in the Midwestern United States with a new regional office in Ohio and has appointed Randell Wittenberg as Midwest regional sales manager. According to officials, Wittenberg has more than ... [Read More]

SANTA ROSA, Calif. — ZAP announced it has partnered with netLoan Funding to provide its customers with one-stop Internet financing for electric vehicle and electric car purchases. NetLoan Funding specializes in providing lender management services and a diversity of loan ... [Read More]