Articles for News
Wednesday, November 16, 2011
Ally Financial’s SmartAuction vehicle auction web site and Renovo Services announced that they have started selling repossessed vehicles directly from secured storage facilities across the country.
Wednesday, November 16, 2011
To save time and improve accuracy, Prestige Financial Services Inc., a premier provider of consumer financing solutions for automobile dealerships, selected SAS, the leader in business analytics software and services, to revamp its internal credit scorecard program.
Wednesday, November 16, 2011
Auto/Mate announced it has entered into a joint marketing agreement with Constellation Automotive Software, developers of the Management System Plus Buy Here - Pay Here software for auto dealerships (MSP).
Monday, November 14, 2011
Ally Financial’s SmartAuction vehicle auction web site launched enhancements to its popular Dealer eVantage inventory management tool.
Friday, November 11, 2011
vAuto announces the release today of Provision, a powerful used vehicle inventory management engine that will eliminate the pain of finding used vehicles and optimizing inventories for profitability for auto dealers.
Wednesday, November 09, 2011
Payless® Car Sales, Inc., America’s Used Car Company®, announced today that a program agreement has been signed with JM&A Group to administer its Payless AssuranceSM Certified Pre-Owned Program.
Monday, November 07, 2011
Dealers who use vAuto’s RealDeal get more online vehicle shopper interest and leads than dealerships that do not, according to results of a test conducted with AutoTrader.com.
Thursday, November 03, 2011
Prestige Financial has established a $30 million line of credit with Chase Utah. The new line represents a renewed and growing relationship between the two entities, and comes on the heels of a $12 million amortizing term loan facility that they put into place in September.
Wednesday, November 02, 2011
Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report.
Tuesday, November 01, 2011
Ally Financial Inc. launches Ally Buyer’s Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles.
Tuesday, November 01, 2011
Advanced Lending & Portfolio Services (ALPS) announces strong quarterly results with a total portfolio size of $11.5 Million at the end of Q3. This represents a 2000% growth year over year.
Tuesday, November 01, 2011
vAuto announces today that its customers can now quickly and efficiently source used vehicles available at Auction Pipeline auctions, including the ability to access run lists from within vAuto’s proprietary stocking module.
Tuesday, November 01, 2011
According to the Used/CPO Car Insights Report, which provides analysis of monthly activity for both used (non-CPO) and CPO vehicles on the AutoTrader.com site, Hyundai captured five of the top 20 spots for CPO “Big Movers” in September.
Monday, October 24, 2011
CNA National is pleased to announce that Tim Schilling has accepted the newly created position of actuarial director, effective October 17.
Wednesday, October 19, 2011
Southside Financial Group, an active purchaser of auto finance receivables, today announced the launch of a nationwide program to purchase existing near prime and subprime auto loan portfolios from franchised and independent auto dealers.
Wednesday, October 19, 2011
The Dataium ASI index, a leading predictive indicator of automotive sales, showed the largest month over month gain in the past four months, indicating that 2011 vehicle sales are on track to post around a 10% increase in sales volume over last year.
Wednesday, October 05, 2011
Equifax' most recent national, monthly report on automotive consumer credit trends continues to indicate positive news for the industry, with January - June 2011 new auto loan originations up 15 percent over the same period in 2010.
Tuesday, September 27, 2011
AutoUSA Internet Sales Solutions announced today the results of its 2011 auto dealer Internet marketing survey.
Wednesday, September 21, 2011
MaximTrak Technologies, a leading systems developer for the retail automotive, motorcycle and powersports finance and insurance industry, announced a strategic partnership and integration with F&I Administration Solutions, LLC, the country’s leading provider of software for the administration of automotive F&I products.
Wednesday, September 14, 2011
Dealer Specialties, a division of Dominion Dealer Solutions, today announced the integration of Kelley Blue Book Values into the appraisal tool of MarketControl Analytics.