AFSA Sets Date for ’08 Vehicle Finance Conference
Thursday, Jun. 14, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association announced that its 12th Vehicle Finance Conference and Expo is slated for Feb. 6 to 8 at The Palace Hotel in San Francisco, Calif. The meeting will take place just before the ... [Read More]
CBA: Average FICO Score for Used Vehicle Climbs
Tuesday, Jun. 12, 2007, 12:00 AM
Nick Zulovich
ARLINGTON, Va. — In its annual report, which covers input from a variety of auto finance lenders, including several that work in the nonprime arena, the Consumer Bankers Association discovered that the average FICO score on a new vehicle has ... [Read More]
DriveTime Fills Two Key Executive Roles, Enters New Market
Tuesday, Jun. 12, 2007, 12:00 AM
Nick Zulovich
PHOENIX, Ariz. — DriveTime announced that it has filled two management-level positions. Tonsa Price-Edwards has joined the company as director of retail operations, and Deborah Powell will serve as director of human resources. "Our director of retail operations and director ... [Read More]
Capital One Integrates Subsidiaries, Launches Full-Spectrum Program
Tuesday, Jun. 12, 2007, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One Auto Finance announced that it has successfully integrated all of its subsidiaries and will be going live June 18 with its new business model, which is designed to simplify the paperwork and stipulations dealers need ... [Read More]
Triad Financial Corp. Names New President
Tuesday, Jun. 12, 2007, 12:00 AM
Nick Zulovich
HUNTINGTON BEACH, Calif. — Triad Financial Corp. announced it has promoted Daniel Leonard to president and chief executive officer. Leonard, 59, has been with the non-prime auto finance company since May 2003, serving as senior vice president of portfolio management, ... [Read More]
Best Practices and Expert Advice Took Center Stage at NABD
Thursday, Jun. 7, 2007, 12:00 AM
Nick Zulovich
LAS VEGAS — More than 1,800 dealers, attendees and vendors registered for the National Alliance of Buy-Here, Pay-Here Dealers conference recently hosted in Las Vegas. More than 100 exhibiting sponsors filled the hall, meaning the event set new records, according ... [Read More]
Quantum Auto Group Partners with The Credit Union Loan Source
Thursday, Jun. 7, 2007, 12:00 AM
Nick Zulovich
MELVILLE, N.Y. — Quantum Auto Group recently announced a partnership with The Credit Union Loan Source to offer access to auto loans sourced from dealerships based along the Eastern Seaboard. More specifically, the deal will make indirect loan volume originated ... [Read More]
AutoIMS Introduces Latest Version of Condition Report Writing Tool
Thursday, Jun. 7, 2007, 12:00 AM
Nick Zulovich
ATLANTA — With Auto Auction Services Corp.'s latest 4.0 version of LiveCRwriter, auctions gain more than just a detail, tune-up and new paint, officials explained. Now auctions will receive an inventory management tool that collects the usage patterns of condition ... [Read More]
NowAuto Group Posts Fiscal 3Q Loss
Thursday, Jun. 7, 2007, 12:00 AM
Nick Zulovich
TEMPE, Ariz. — NowAuto Group recently announced financial results for its third fiscal quarter. For this period, the company reported revenue of about $1.7 million, compared with about $3.6 million in the previous year. "Revenue declines were in line with ... [Read More]
SAFCo Selects TCI as Finance Software Partner
Tuesday, Jun. 5, 2007, 12:00 AM
Nick Zulovich
FT. LAUDERDALE, Fla. — Southern Auto Finance Co. announced it has teamed up with TCI to use its DecisionLender software to automate and improve SAFCo's indirect lending activities. SAFCo said it expects the new platform to be launched during the ... [Read More]