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]

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]

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]

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]

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]

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]

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]

ATLANTA — In a recent conference call, Tom Webb, Manheim's chief economist, discussed the bottom dropping out of the subprime mortgage market, saying there will be no similar trend occurring in the subprime auto lending market. "Let's face it, a lot ... [Read More]

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]

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]