News Archive
Franchised Activity Pushes BHPH Market Share
-- December 06, 2011
SCHAUMBURG, Ill. — Buy-here, pay-here penetration in used-vehicle financing continues to be on the rise, according to third-quarter data assembled by Experian Automotive. Experian discovered the BHPH market share climbed ...
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November Bankruptcy Filings Show Double-Digit Drop from Last Year
-- December 06, 2011
ALEXANDRIA, Va. — Showing a double-digit drop, November U.S. consumer bankruptcy filings fell by 12 percent year-over-year, coming in at …
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DEALERsure Availability Expands into 43 States
-- December 06, 2011
MELBOURNE, Fla. — Five Star Specialty Programs, a division of Crump Insurance Services and part of Crump Group, revealed today that coverage for its dealers insurance program now encompasses 43 states. The seven states still excluded from DEALERsure are ...
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VINtek Manages Second Lien Filings on Upwards of 70,000 Trucks
-- December 06, 2011
PHILADELPHIA — Auto finance solutions company VINtek recently announced it has completed second lien filings on a fleet of more than 70,000 trucks, using its ...
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DriveTime Launches Indirect Lending Division for Dealers
-- December 01, 2011
PHOENIX — DriveTime Automotive Group, which helps people with less than perfect credit get a vehicle, revealed to SubPrime Auto Finance News this week the launch of an indirect lending division doing business as GO Financial. In the subprime, buy-here, pay-here business ... [ Full Story ]
Experian: 3Q Subprime Auto Loans Climb Year-Over-Year
-- December 01, 2011
SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all ...
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Ally Buyer's Choice to Be Available in 17 States by End of December
-- December 01, 2011
DETROIT — Ally Financial revealed plans today to expand the offering of its flexible Ally Buyer's Choice product to 12 additional states this month. Ally Buyer's Choice debuted in five states in November and now is available in ...
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AFSA Reveals Lender CEO Panelists for Annual Conference
-- December 01, 2011
LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one of its most popular sessions — the Industry CEO Panel — the list of speakers ... [ Full Story ]
SubPrime Auto Finance News Seeks Help Updating Lender Directory
-- November 29, 2011
CARY, N.C. — The past few years have been tough across the board for lenders and dealers, particularly those working in the non-prime, special finance and buy-here, pay-here space. To help bring lenders and dealers together to get credit-challenged customers financed, SubPrime Auto Finance News houses a lender directory on its site. The publication is seeking ... [ Full Story ]
J.D. Byrider Honors Top Locations
-- November 29, 2011
CARMEL, Ind. — J.D. Byrider recently unveiled its Franchise of the Year winners and President's Awards, honoring a slew of stores throughout the country. The company announced ...
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Comerica: Auto Affordability Drops Yet Again
-- November 29, 2011
DALLAS — Auto affordability remained on the downward slope during the third quarter, and playing a major role in this softening was sluggish income growth, according to Comerica Bank. While income stagnancy is a "drag" on the typical post-recession bounce-back in sales, Comerica did spot ...
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Automotive Compliance Consultants Gives Dealers Ability to Check 3 Credit Reports from One Site
-- November 29, 2011
CRYSTAL LAKE, Ill. — Striving to make it easier for dealers to more effeciently and quickly close deals, Automotive Compliance Consultants revealed Monday that it will now enable …
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Car-Mart's 2Q Sales, Revenue and Income All Rise
-- November 22, 2011
BENTONVILLE, Ark. — With an active customer base now above 52,000 accounts and double-digit climbs in sales and revenue, America's Car-Mart saw its second-quarter net income per diluted share soar ...
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TransUnion: Delinquencies Decrease Year-Over-Year for Eighth Consecutive Quarter
-- November 22, 2011
CHICAGO — TransUnion discovered the national auto delinquency rate — frequency of borrowers 60 or more days past due — decreased on a year-over-year basis for the eighth consecutive quarter. Analysts revealed Monday that the third-quarter rate dropped to ... [ Full Story ]
Prestige Pairs with SAS to Revamp Internal Customer Scorecard
-- November 22, 2011
CARY, N.C. — To revamp its internal credit scorecard program, Prestige Financial Services recently announced that it has chosen business analytics software and services company …
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Trailer Solutions Financial Joins AppOne
-- November 22, 2011
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that a financial service provider focused on the recreation industry has joined its AppOne platform. Joining the ranks of lenders who use the platform is …
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Toyota Financial Services Adds Personal QR Codes to Boost New iPhone App
-- November 17, 2011
TORRANCE, Calif. — Toyota Financial Services believes it now has a "first-of-its-kind" iPhone app, a tool the company rolled out this week. TFS highlighted that what makes its iPhone app so special is that it can incorporate ...
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New Online Coupon Program Aims to Connect Credit Unions and Dealers
-- November 17, 2011
HAUPPAUGE, N.Y. — With online coupons rising in popularity, a new company is looking to drive more business for credit unions and dealerships through a unique automotive coupon program. Officials from cuautocoupon explained ...
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Equifax & DocuSign Partner to Capture Electronic Signatures
-- November 17, 2011
WASHINGTON, D.C. — The Work Number, a service of Equifax, recently partnered with Seattle-based DocuSign to provide organizations and consumers a means to capture electronic signatures. Leveraging DocuSign's eSignature solution, organizations, including dealerships, can ...
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DealerTrack Credit Application Network Reaches Milestone
-- November 17, 2011
LAKE SUCCESS, N.Y. — Along with a dealer promotion to celebrate the achievement, DealerTrack discovered this week that last Friday's unique date also marked the company surpassing ...
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