Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
Thursday, Nov. 14, 2024, 10:00 AM
Credit availability eases again in October
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More insight from Equifax & TransUnion about Q3 delinquency
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Wells Fargo Auto Finance Names 3Q Stagecoach Winners
Wednesday, Nov. 8, 2006, 12:00 AM
Nick Zulovich
CHESTER, Pa. — Wells Fargo Auto Finance recently announced the winners of its Stagecoach Awards for the third quarter. The recipients of this award were recognized as Wells Fargo Auto Finance's best dealers and selected from nearly 21,000. This is ... [Read More]
National Loan Exchange Shares 3Q Market Trends
Wednesday, Nov. 8, 2006, 12:00 AM
Nick Zulovich
EDWARDSVILLE, Ill. — National Loan Exchange recently announced that aggregate asset class pricing is available for third-quarter sales. "Debt prices were steady/slightly higher throughout the third quarter despite a substantial increase in volume as compared to the first half of ... [Read More]
AmeriCredit Offers More 72-Month Loans, Expands Credit Spectrum
Wednesday, Nov. 1, 2006, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Discussing AmeriCredit's first-quarter results, Dan Berce, president and chief executive officer, said the company has expanded its 72-month term program, in addition to reporting business was off to a "solid" start for fiscal 2007. "Our primary competitors ... [Read More]
MAFS Names New Vice President
Wednesday, Nov. 1, 2006, 12:00 AM
Nick Zulovich
ATLANTA — Manheim recently named Jeff Bunch as vice president of sales and operations for Manheim Automotive Financial Services. In his new role, Bunch is responsible for overseeing national sales efforts for all MAFS products, field operations at all operating locations ... [Read More]
Payment Protection Systems Merges with Sekurus
Wednesday, Nov. 1, 2006, 12:00 AM
Nick Zulovich
TEMECULA, Calif. — Payment Protection Systems, which manufacturers On Time, announced it has merged with Sekurus, whose products and solutions are used to secure and manage subprime auto loan portfolios of buy-here, pay-here dealers and financial institutions. Sekurus specializes in providing asset ... [Read More]
Flex Fund Searches for VP of Ops.
Wednesday, Nov. 1, 2006, 12:00 AM
Nick Zulovich
NEWPORT BEACH, Calif. — Flex Fund Financial Services, a provider of used-car inventory financing for both new- and used-car dealers, announced it is searching for a new vice president of operations. According to executives, the new position is designed to help ... [Read More]
ADI Introduces Online Classes
Wednesday, Oct. 25, 2006, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealers Institute announced it is expanding its traditional classroom to include an online program, which is designed to meet the needs of busy dealership professionals. After two years in development, the program now gives students the option to ... [Read More]
Capital One Auto Finance Looks for Deeper Market Penetration
Wednesday, Oct. 25, 2006, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One Auto Finance's involvement in the auto lender market has expanded throughout the years since the company first entered the business in 1998 with the purchase of subprime lender Summit Acceptance Corp. Not long after first ... [Read More]
CheckVelocity Offers Several Programs Designed to Improve Collection Procedures
Wednesday, Oct. 25, 2006, 12:00 AM
Nick Zulovich
NASHVILLE, Tenn. — CheckVelocity recently began partnering with auto finance companies, including buy-here, pay-here dealerships, to facilitate collection procedures. CheckVelocity said it has several programs, including VerifyNow, PayNow and RecoveryNow, which were created to verify a payment is valid once ... [Read More]
AWG Remarketing Launches SubPrime Pro in V3 System
Wednesday, Oct. 25, 2006, 12:00 AM
Nick Zulovich
IRVINE, Calif. — AWG Remarketing (www.awgremarketing.com and www.bidiax.com) recently launched SubPrime Pro in its V3 used car inventory optimization system. Brad Greenwald, chief executive officer of AWG, said V3 is a system that allows dealers to manage all aspects of ... [Read More]