Articles for News
Wednesday, July 07, 2010
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.
Monday, June 28, 2010
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.
Wednesday, June 23, 2010
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.
Friday, June 18, 2010
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.
Wednesday, June 09, 2010
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.
Thursday, June 03, 2010
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.
Wednesday, May 26, 2010
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.
Wednesday, May 05, 2010
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.
Wednesday, April 28, 2010
Auto-Pro Network, the company that brought you Credit-Scored leads FIRST, today announced the expansion of its award winning Auto Leads Program to include New Car leads.
Friday, April 16, 2010
Westlake Financial Services announces an expanded partnership with National Creditors Connection Inc. (NCCI), a field contact service provider, after a successful three-month test program showed a 10 to 15 % improvement in contact and payment rates of delinquent accounts.
Wednesday, April 07, 2010
Chase and Mazda North American Operations today announced that they have expanded their relationship by signing a multi-year private-label agreement under which Chase will be the exclusive U.S. auto finance provider for Mazda, operating under the brand name Mazda Capital Services.
Friday, April 02, 2010
NCM Associates launched its new public website featuring improved content and features, a user friendly interface and video client testimonials. Users may access articles on retail automotive and Buy Here Pay Here dealership best practices at no charge and learn about the many services NCM offers to automobile retailers, as well as to business owners in over 20 other industries.
Friday, March 26, 2010
Already the industry leader in upstream remarketing of wholesale used vehicles, SmartAuction is now providing its online capabilities to 80 independent physical auctions in the United States through SmartAuction Midstream.
Monday, March 22, 2010
Westlake Financial Services, a full-spectrum indirect auto finance company, announces formation of a new division which will specialize in portfolio acquisition services.
Wednesday, March 17, 2010
Auto Loan Technologies, LLC dba AutoZoom, has successfully launched a completely upgraded and now state-of-the-art predictive scoring system for buy here-pay here dealers. Based on more than 1 million buy here-pay here transactions, this newly optimized system gives dealers a powerful tool to consistently underwrite finance contracts and to help determine what customers and deal structures will perform best.
Wednesday, March 17, 2010
Nationwide Acceptance Corporation announced today that it has completed integration with DealerTrack, Inc. Dealers in all of the markets served by Nationwide may now process credit applications electronically to Nationwide through the DealerTrack platform.
Tuesday, March 16, 2010
OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced a partnership with Recovery Database Network (RDN), a specialized provider of software and data solutions related to the recovery of assets for the automotive finance industry.
Monday, March 15, 2010
BarNone, Inc. announced the launch of their new Per Lead National Television Advertising campaign. The campaign is targeted at identifying credit-challenged consumers who need assistance in obtaining automobile financing and helping them connect them with qualified automobile dealers in their local market.
Wednesday, March 03, 2010
Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that they have added Wachovia Dealer Services to their platform.
Thursday, February 18, 2010
Zoombak®, the leader in personal GPS tracking devices that let people track the things that are most important to them – from children to teenage drivers to employees and automobiles – today announced the coming launch of Locate AssistTM - a feature that greatly improves device tracking, for its Zoombak GPS Recovery Finance Track Buy Here, Pay Here product.