AutoTrakk Launches Rapid Approval System

MONTOURSVILLE, Pa. -- AutoTrakk, a finance company that specializes in the subprime market, announced it has launched a new Rapid Approval System designed to expedite the approval of consumer finance applications. Robert Malcolm, AutoTrakk president, explained that the proprietary software system analyzes specific... Read More

PROSPECT HEIGHTS, Ill. -- HSBC recently announced that its auto finance division is launching an S&H greenpoints finance program that offers nearly eight million greenpoint members the opportunity to earn 15,000 S&H Solutions greenpoints on new and refinanced auto loans. "HSBC Auto Finance is excited to... Read More

America's Car-Mart 1Q Earnings Send Mixed Signals

BENTONVILLE, Ark. - Though overall company and same-store revenue both grew for the first fiscal quarter ending July 31 and several dealerships were opened during that time period, executives with America's Car-Mart also pointed to several concerns when they announced its operating results this week. According to... Read More

WASHINGTON -- More than 8 out of 10 Americans (83 percent) know they have many options when it comes to vehicle financing and 58 percent feel informed about the auto financing process, according to a new public opinion survey. The survey, conducted by AWARE, a nonprofit consumer education group focused on auto financing,... Read More

RANCHO CUCAMONGA, Calif. -- While credit unions have played a major role on the auto lending side for some time, it's only been fairly recently that the industry has been making a strong concerted push to stake out a national presence on the remarketing end, according to Evan Etheridge, national sales director for... Read More

Welcome to SubPrime News Update

CARY, N.C. -- Welcome to Cherokee Publishing's latest offering, SubPrime News Update, a weekly e-newsletter that serves as a companion to SubPrime Auto Finance News and SubPrimeNews.com. Filled with the latest breaking news, SubPrime News Update shares valuable and timely subprime financing information with dealers and... Read More

BATON ROUGE, La. -- AppOne has partnered with AmeriCredit to expand the special finance company's reach to independent dealers, executives announced this morning. Through the alliance, AmeriCredit has the ability to receive credit applications from more than 850 independent dealers from AppOne's growing... Read More

Shilson Offers Midyear Report on BHPH Industry

HOUSTON -- My certified public accounting firm recently completed an informal survey of several buy-here, pay-here dealer clients nationwide to determine how the first six months of 2006 compare with the same period in 2005. We also recently introduced a News & Views section to our Web site, which offers such... Read More