Articles by Special Finance Insider Staff - editor

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Chase Auto Finance recently expanded its presence in the Southeast by opening a full-service Custom Finance Business Center in Richmond, Va., to help area auto dealers provide financing solutions for sub-prime customers buying new and used vehicles.

Frank Myers Auto Maxx, a cutting-edge used car dealership in North Carolina, has been recognized as the number one small business for 2009-2010 by Business Leader magazine, a leading business publication focused on the companies, leaders and trends in the North Carolina business community.

OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles today announced that it has made significant enhancements to its U.S. open auction site, www.openlane.com, and has launched a new auction site for Canadian customers, www.openlane.ca.

Exeter Finance Corp., a specialty auto finance company, announced it has named financial industry veteran Mark Floyd as CEO and vice chairman of the board.

CalAmp Corp., a leading provider of wireless products, services and solutions, has introduced the Aercept PLUS tamper-resistant vehicle tracking product offering for the vehicle finance market.

RoadLoans is a combination of a lead program and a finance program. Dealers belonging to the program’s Preferred Dealer Network pay a subscription rate for a group of leads (no per-lead fees) to receive exclusive leads on near-prime and non-prime customers, and each lead comes with a built-in offer of financing from RoadLoans, a division of Santander Consumer USA.

James W. Bass, founder, CEO and chairman of the board of Auto One Acceptance Corp., Arlington, TX, was presented the Industry Excellence Award by the National Automotive Finance (NAF) Association at its annual conference in Fort Worth. The award recognizes Bass's contributions and commitment to the below-prime auto financing industry.

CAR Financial Services, Inc. (CAR), a division of CompuCredit, specializes in purchasing or financing all or part of a dealer’s loan portfolio, providing the dealership liquidity. Daily fluctuations in market conditions require frequent changes to CAR’s loan terms, which must then be relayed by CAR to its customer base. These two factors result in back-and-forth communication between finance company and borrower; until recently, such missives were sent by fax, producing paper-based communications throughout the business day.

Exeter Finance Corp., a specialty auto finance company, announced it has entered into a $100 million line of credit with Wells Fargo Bank, N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio, enabling expansion of its branch network this year.