ATLANTA — Manheim Automotive Financial Services, working in conjunction with Manheim's Orlando Orange County Auto Auction, announced the opening of its first satellite office in Jacksonville, Fla. Executives said this new office will provide dealers all the services that traditional ... [Read More]

SOUTHFIELD, Mich., and FORT WORTH, Texas — Credit Acceptance Corp. recently announced the completion of a $50-million credit facility, while AmeriCredit announced its 55th asset-backed securitization for $1.2 billion. Credit Acceptance Corp. said it completed a $50-million credit facility with ... [Read More]

TORONTO — DealerAccess Canada announced it has launched the eF&I Certified Finance Interface with Reynolds and Reynolds Canada as an enhanced bidirectional interface between the REYNOLDSYSTEM and the DealerAccess portal. Executives noted that the interface of DealerAccess with the REYNOLDSYSTEM ... [Read More]

DALLAS — The board of managers of Drive Financial Services announced that Banco Santander Central Hispano has entered into an agreement with HBOS and selected members of Drive management to acquire a 90 percent ownership stake in the company. Despite ... [Read More]

WASHINGTON, D.C. — Although preliminary data on the average annual percentage rate for new-car loans financed through auto finance institutions has slowly crept up in recent months, it still remains in the 5th percentile, coming in at 5.37 for July, ... [Read More]

MEDFORD, Ore. — Lithia Motors recently announced it has signed a new credit facility that will be funded by US Bank, DaimlerChrysler Financial Services and Toyota Financial Services. All three lenders will participate equally in the credit facility, according to ... [Read More]

HANOVER, Md. — F&I compliance will be the topic of a daylong workshop presented by the National Association of Dealer Counsel at the Four Points Sheraton BWI Airport in Baltimore, Nov. 10, according to officials. The workshops will be held ... [Read More]

PHOENIX, Ariz. — In 2003, DriveTime created a program to donate dollars and volunteer time to disadvantaged schools, which the company classifies as schools without local funding for necessary repairs, little or no parental involvement and failing test scores. The SchoolTime ... [Read More]

IRVINE, Calif. — Thirty-seven percent of today's in-market vehicle buyers said they see zero-percent financing as the most appealing incentive available, up 11 percent from last year, according to Kelley Blue Book's New-Vehicle Buyer Attitude Study on Vehicle Purchasing and ... [Read More]

CARY, N.C. — The advertising deadline for the first print edition of SubPrime Auto Finance News is early next week, so act fast as space is filling up. SubPrime Auto Finance News will offer articles featuring such industry players as ... [Read More]