Earlier this week, RouteOne highlighted it will offer its finance source customers what the company is calling a "shortcut" that can allow them to quickly and easily support the RouteOne eContracting process without the typical technology investment. The company explained DiscountOne is a new eContracting product offered exclusively to RouteOne finance source customers. It can […] [Read More]

Earlier this week, RouteOne highlighted it will offer its finance source customers what the company is calling a "shortcut" that can allow them to quickly and easily support the RouteOne eContracting process without the typical technology investment. The company explained DiscountOne is a new eContracting product offered exclusively to RouteOne finance source customers. It can […] [Read More]

Kia Canada Inc. announced it has resolved litigation involving a restatement of fuel consumption ratings from November 2012. The company has reached an agreement with current and former owners and lessees of vehicles affected by the restatement, which included 41,000 Kia vehicles from the 2011-2013 model years. The proposed settlement agreement is valued at up […] [Read More]

After rising during most of last year, used-car prices continued their upward trek during the last month of 2013, climbing by 2.5 percent on a monthly basis. And though used-vehicle prices rose by 4.3 percent in December on a year-over-year basis, RVI provided some good news for the future in its latest RVI Risk Outlook. […] [Read More]

In an effort to help used-car managers complete the floor-planning process as quickly as possible, NextGear Capital recently tapped Violin Memory, a provider of persistent memory-based storage solutions, to accelerate the delivery of key services to the company's customer base of more than 17,000 dealers in North America. Using the Violin 6000 Series Flash Memory […] [Read More]

Last week during the midst of the American Financial Services Association's Vehicle Finance Conference, Santander Consumer USA announced the pricing of its initial public offering. The company is selling 74,991,470 shares of common stock at a price of $24 per share. Santander Consumer USA's common stock began to trade on the New York Stock Exchange […] [Read More]

Auto finance receivables purchaser SFG Finance highlighted this week that its portfolio grew 30 percent over the last year. SFG Finance indicated the majority of this increase came from the company's subprime flow program — an initiative in which independent, indirect auto lenders originate and immediately pass through auto loans that meet SFG Finance's program […] [Read More]

Westlake Financial Services says its maintaining its strong relationships with independent dealers while reporting significant growth sprouting from its program for franchised stores. Company officials highlighted that Westlake's growth produced an 84-percent increase in franchise deals and an 80-percent jump in franchise dealership partners from fourth quarter of 2012 to Q4 of last year. "Since […] [Read More]

December's reading for the auto loan segment of the S&P/Experian Consumer Credit Default Indices is squarely in between the level analysts spotted a month earlier and during the closing month of 2012. S&P Dow Jones Indices and Experian reported that the auto loan default rate stood at 1.12 percent in December, down from 1.15 percent […] [Read More]

The Association of Finance & Insurance Professionals revealed the pricing structure for its basic, senior and master certification courses. AFIP said wholesale prices will increase to $695, plus shipping and handling, beginning Feb. 2. Officials indicated courses ordered on or before Feb. 1 will be charged at the current rate of $595, plus shipping and […] [Read More]