MINNEAPOLIS — Wolters Kluwer Financial Services recently revealed that Medallion Bank has joined its AppOne lending platform. Medallion Bank — which specializes in financing customers with past-credit problems and provides financing to bank-approved marine and RV dealers across the U.S. — will now use Wolters Kluwer’s lending platform to automate the indirect lending, credit approval […] [Read More]

PITTSFIELD, Mass. — Haddad Auto's subprime finance department — Captain Credit — is growing so quickly that store management is shifting its location. Originally based within Haddad Toyota, officials indicated that as of the end of this month, Captain Credit will be moving into the former Southgate Motors building at 25 W. Housatonic St.  Haddad […] [Read More]

SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed during the past two years. Melinda Zabritski, Experian's director of automotive credit, showed during a […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently announced that its board of directors has declared a cash dividend of $0.10 per share on its common stock. The dividend is to be paid on Sept. 20 to shareholders of record as of Sept. 13, management noted. Peter Vosotas, chairman and chief executive officer at Nicholas Financial, remarked […] [Read More]

Although the overall used market is challenged right now by hefty prices and low supply, a recently launched used-car store in Southern California says its inventory is diverse and 150 units strong as it approaches its grand opening this weekend. Pasadena Auto Outlet opened up shop last month and will officially kick things off Saturday […] [Read More]

For Chevrolet dealers in the Pacific Northwest and Mid-Atlantic states, General Motors officials believe the arrival of the Volt electric vehicle with extended range means new faces coming through the doors of their stores. “We’ve been here a long time, and the Volt is bringing in people we have never seen before,” said Alan Starling, […] [Read More]

Better Business Bureaus Auto Line — a national program which resolves auto warranty and lemon law disputes — announced Tuesday it is celebrating its 30th birthday. Officials noted the program has helped nearly 2 million consumers find solutions to their automotive-related problems. [Read More]

With the college football season starting up this weekend and the NFL campaign coming soon, both Kelley Blue Book and AAA unveiled their picks as the best vehicles for tailgating. Contained within the list produced by KBB was a mix of 10 models ranging from smaller units such as the Kia Soul and Mini Countryman […] [Read More]

In what is typically a busy holiday for car shopping, dealers this upcoming Labor Day weekend may find a particularly strong swell of traffic at their stores on Saturday. TrueCar said today that Saturday will be the month’s most ideal day for buying a car, based on possible discounts off MSRP. The company looked at […] [Read More]

With dealers turning to their mobile devices for VIN information, values, vehicle history reports and online auctions, why not use these gadgets for financing, as well? At least that is likely the thinking behind BMW Financial Services new partnership with AutoNation. The two have teamed up to pilot a new program that allows dealers to […] [Read More]