Articles for News
Monday, November 23, 2009
While the economy is still in throes, four major finance companies – AmeriCredit, Chase Auto Finance, CitiFinancial Auto and SantanderConsumer USA – have grown or are planning to grow their subprime auto loan originations.
Thursday, November 19, 2009
CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, has launched the Ecotrac® GPS-based tracking and stolen vehicle recovery (SVR) system for consumers, in conjunction with MOC Products Company, Inc., of Pacoima, CA.
Friday, November 06, 2009
AutoFerret has just released the results of a pilot program testing new Artificial Intelligence technology on Auto Finance leads. AutoFerret partnered with BlueSky Marketing Group, a leading provider of Auto Finance leads, to do a pilot of the AutoFerret Virtual Agent (AVA) with a group of BlueSky’s auto dealers.
Friday, November 06, 2009
Today, PassTime™ officially announced the release of their new product, PassTime Trax. Trax is a GPS-based device designed for asset tracking for the automotive finance industry.
Tuesday, November 03, 2009
Ace Motor Acceptance Corporation (AMAC), a North Carolina-based sub-prime auto lender, has listened to its dealers and recognized that in this economic environment many customers can only come up with $500 down. I
Friday, October 23, 2009
Chase Auto Finance has named industry veteran Cesar Martinez as manager of its Custom Finance Business Center, 10790 Rancho Bernardo Road, San Diego. He can be reached at (858) 677-4809.
Friday, October 23, 2009
Chase Auto Finance has named industry veteran Cesar Martinez as manager of its Custom Finance Business Center, 10790 Rancho Bernardo Road, San Diego. He can be reached at (858) 677-4809.
Wednesday, October 21, 2009
SmartAuction, the remarketing industry’s leading, upstream wholesale auction Web site, has signed a deal with CenterOne Financial Services LLC (CenterOne) to begin listing its off-lease vehicles for sale.
Wednesday, October 21, 2009
Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that NAC(National Auto Care Corp.), a leader in service contract sales and administration with over 25 years of experience in the industry, will be incorporating its products and services into their dealer management platform.
Tuesday, October 13, 2009
Christina Schrank, Director of Operations at NAC, stated, “Partnering with Finance Express will seamlessly allow us to provide our mutual dealer customers with quality product options with improved efficiency, accuracy and speed.”
Saturday, October 10, 2009
Dealers who took the opportunity to attend the 2009 Special Finance Convention from August 9th to 11th in Dallas, Texas, came to the show with open minds and ears. They wanted to hear what people from all sides of the industry – finance company representatives, trainers, vendors and other dealers – had to say.
Tuesday, September 29, 2009
VehicleXpress today announces their partnership with Interstate National Dealer Services to offer a Missed Opportunity Program (MOPS) to dealers registered with the VehicleXpress DMS platform.
Monday, September 28, 2009
EZ Dealer Finance, a provider of automobile lending and leasing solutions, today announced the addition of multiple used car leasing sources for EZ Dealer Application System. EZ Dealer Finance takes the guesswork out of loan and lease applications and proactively turns applications into sales.
Thursday, September 24, 2009
Vehicle Acceptance Corporation is announcing the appointment of Mr. Allan Couch to National Sales Director and Mr. Jeff Baldwin as Branch Manager of their newest office location in Indianapolis, Indiana.
Wednesday, September 23, 2009
In 16 Texas counties in and around Dallas, Austin and Houston, qualifying Texans can apply for vouchers worth $3,000 or $3,500 to apply to the purchase of a new or late-model used vehicle.
Wednesday, July 15, 2009
A recent Webinar titled, “Non-Prime Auto Finance Industry Update,” presented by the National Auto Finance Association, shed some light on the happenings of the industry during the second and third quarters of 2008.
Monday, July 13, 2009
“As we highlighted in our first quarter earnings conference call in October, we have an 8.5 percent rolling six-month portfolio net credit loss covenant in our warehouse lines … While results are not final, we anticipate that we may breach this covenant this month and are working with our warehouse line providers to obtain waivers and amend the warehouse facilities.”
Friday, May 01, 2009
On Thursday, March 19, 2009, Bob Cockerham – a Kia dealer from Santa Fe, N.M. – testified as a part of the “Perspectives from Main Street on Small Business Lending,” held by the U.S. Senate Committee on Small Business and Entrepreneurship. His testimony focused on making credit more accessible to small businesses owners.