Kelley Blue Book revealed Monday that its Kbb.com website has earned recognition in the Web Marketing Association’s annual awards program that spotlights top websites across 96 industries. Kbb.com earned a 2011 WebAward for Outstanding Website in the Automobile category. The site was redesigned in May, and it now includes Total Cost of Ownership data as […] [Read More]

PHILADELPHIA — VINTek announced today that it has signed on its 2,500th lender for its VintekTIME collateral management technology. The program, which provides lenders with an automated virtual title department, also integrates with the company’s direct-to-consumer loan servicing platform that allows borrowers to electronically access and sign loan documents as well as view DMV documents. […] [Read More]

DALLAS — Geared as the next step beyond just getting shoppers to dealers, Vehix recently selected RoadLoans.com as its preferred lender. Now potential buyers can apply for vehicle financing through RoadLoans.com as part of their shopping experience. Consumers shopping at Vehix.com now will see the RoadLoans.com finance option when they search for a particular vehicle […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $200.5 million asset-backed non-recourse secured financing deal. Per this transaction, the company contributed loans having a net book value of approximately $250.8 million to a wholly-owned special purpose entity, which will transfer loans to a trust. The trust will then offer three classes […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of Web-based financial services and technology for independent dealerships, recently partnered with Preferred Automobile Credit Co., a growing indirect subprime auto finance company. In explaining why Finance Express broadened its lender portal, president David Huber stated, "Since the down turn of the economy, dealers need lenders […] [Read More]

Attendees at last week’s RM Auctions sale in Hershey, Pa., stood and applauded when the car named “La Marquise” made its entrance. The car — built about two decades after the American Civil War — is said to be the oldest running motor car in the world. On Thursday, the 1884 De Dion Bouton et […] [Read More]

The three segments of LexisNexis Skip Tracing Index moved in different directions during the second quarter as activity by creditors and collection agencies dropped, while action from collection law firms climbed higher. The index reading for collection agencies slid to 81.0, continuing a downward march that’s now six quarters old. The creditors index segment dropped […] [Read More]

To boost remarketing of repossessed vehicles, OPENLANE subsidiary Recovery Database Network and MVCONNECT recently reached limited version user agreements, meaning MVRecovery and MVIntel now are limited version users on RDN. The parties also entered into the following additional business relationships: —MVRecovery and MVIntel entered into repossession services provider agreements with OPENLANE, allowing them to remarket […] [Read More]

In explaining why the Manheim Used Vehicle Value Index slipped in September for the fourth month in a row, chief economist Tom Webb began his last conference call of the year by referencing a point he made earlier in 2011. “On last quarter’s call I tried to dissuade you from the notion that record used-vehicle […] [Read More]

Cherokee Automotive Group has announced that early registration for the National Remarketing Conference, as well as the other two Used Car Week Conferences, the CPO Forum and the Re3 Conference, will be ending Oct. 14. “If you are planning to attend any or all of the 2011 Used Car Week Conferences, now is the time […] [Read More]