Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
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BHPH Track Back by Demand at NIADA Convention
Thursday, May. 10, 2007, 12:00 AM
Nick Zulovich
NASHVILLE, Tenn. — Back by popular demand, the Buy-Here, Pay-Here track at the National Independent Auto Dealers Association Convention will again be featured this year. Mike Linn, executive vice president, highlighted that more than 1,500 dealers are expected to attend the ... [Read More]
Dealer Principal Shares His Store’s Subprime Success Story
Thursday, May. 10, 2007, 12:00 AM
Nick Zulovich
SUPERIOR, Wis. — With the right people, processes and lenders in place, Pat Ringold, dealer principal at Benna Superior Ford, said he believes any store can achieve success in the subprime marketplace. In fact, to support this view he cited results ... [Read More]
Finance Express, Subprime Analytics Announce Partnership, More
Thursday, May. 10, 2007, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express and Subprime Analytics announced that they have signed a joint venture agreement. Subprime Analytics is a company Ken Shilson, founder of the National Alliance of Buy-Here, Pay-Here Dealers, established to provide computerized portfolio ... [Read More]
VantageILM Creates Platform to Simplify Lending Process
Thursday, May. 10, 2007, 12:00 AM
Nick Zulovich
PASADENA, Calif. — VantageILM announced it has designed an integrated management platform to allow lenders to manage the entire life of a loan and all operations in one central system. Officials said the platform was created to handle all types of ... [Read More]
Chase Custom Auto Finance Reaps Benefits from Expansion
Thursday, May. 3, 2007, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — Chase Custom Auto Finance is coming on strong in the industry. According to officials, this segment of business almost doubled its production in 2006, and posted record results in the first quarter of 2007 in both performance ... [Read More]
Sutton, Everest in Legal Dispute over VSI Lapse at Centrix Financial
Thursday, May. 3, 2007, 12:00 AM
Nick Zulovich
DENVER, Colo., and TRENTON, N.J. — In preparation for an upcoming hearing in the U.S. District Court of Colorado, Robert Sutton, former Centrix Financial chairman and chief executive officer, and representatives from Everest National Insurance Co., and its related company, Everest ... [Read More]
BenchMark Launches a Business Intelligence Dashboard for Financial Institutions
Thursday, May. 3, 2007, 12:00 AM
Nick Zulovich
ATLANTA — BenchMark Consulting International announced it has launched Business Intelligence Powered by Benchmark, which company executives said can provide financial institutions with the ability to complete timely comparisons to highlight best practices for consumer and auto lending. More specifically, BenchMark ... [Read More]
RouteOne Adds WFS Financial to Platform, Announces Other News
Thursday, May. 3, 2007, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — In addition to other announcements, RouteOne said it added WFS Financial, now Wachovia Dealer Services, to its lender platform. WFS Financial has about 12,500 dealer relationships nationally, according to officials. Moreover, WFS Financial is ranked as the ... [Read More]
Experian Automotive Launches AutoCount Risk Report to Help Lenders Better Serve Dealers
Thursday, Apr. 26, 2007, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive announced it now provides the AutoCount Risk Report, which is designed to combine key market share information along with Experian's credit scoring to help lenders increase their auto loan offerings with dealers. "The AutoCount Risk Report ... [Read More]
DealerTrack Now Has 350 Lenders on Platform, Adds Desk Log to SalesMaker
Thursday, Apr. 26, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — In addition to announcing the addition of Desk Log to its SalesMaker profit management system, DealerTrack said that the number of active financing sources connected to the platform has reached 350. Among the recent additions is Maserati ... [Read More]