MCLEAN, Va. — As summer is in full swing, teens and young adults throughout the country are preparing to make the single largest purchase of their young lives — their first car. In its annual Rules of the Road survey, ... [Read More]

HUNTINGTON BEACH, Calif. — A Triad Financial Corp. spokesperson told SubPrime Auto Finance News this week that company officials have decided to relocate remaining operational functions to their facility in North Richland Hills, Texas. After reviewing business, executives determined the ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced this morning that Drive Financial Services, which works in the nonprime indirect auto finance industry, has joined the growing number of finance sources on its platform. Drive Financial is a privately held company owned ... [Read More]

PHOENIX, Ariz. — Dealers Auto Auction of the Southwest announced it has created an exclusive subprime lease and repossession lane for its lender clients to run vehicles. These lenders include Lobel and Westlake Financial, in addition to six other subprime ... [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently launched an updated corporate Web site, which is designed to better benefit dealer clients, investors and customers. The new site was created to be easier to navigate via an updated graphical layout, enhanced ... [Read More]

IRVINE, Calif. — In addition to discussing second-quarter financial results, Consumer Portfolio Services' officials explained exactly how their business works in their annual report. The company is an indirect specialty finance lender working in the subprime arena. For the second ... [Read More]

ORLANDO, Fla. — MenuVantage announced that Assurant Solutions has joined its nationwide network of active F&I providers. The company joins more than 50 other providers, including Protective, A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial ... [Read More]

CHESTER, Pa. — Wells Fargo Auto Finance announced it has appointed Todd Cooper, Scott Micale and David Reynolds as divisional vice presidents. During his 17 year career with Wells Fargo, Cooper has held numerous assignments in sales and credit. Cooper ... [Read More]

HANOVER, Md. — The Hudson Cook law firm announced a new relationship with the General Motors Minority Dealers Association. Hudson Cook, a leading law firm for the auto industry, will begin providing legal services to the GMMDA, writing articles for ... [Read More]

BATON ROUGE, La. — AppOne announced it has selected CIQ Inc./Voisys, an 800 and Internet based lead generation system serving the non-prime, prime and lease markets, as a preferred vendor. The relationship was designed to expand the range of services ... [Read More]