TROY, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with F&I menu company, The Impact Group. Officials explained Impact's Fusion Menu now features electronic rating, forms and contract origination via PEN. They went on to mention dealers using the Fusion menu system now can rate service contracts and other […] [Read More]

BANDON, Ore. — CNW Research discovered that both captives and major banks are tapping into pent-up demand of subprime new-vehicle buyers. Though Art Spinella, of CNW, explained that in comparison to levels prior to the recession, these approvals are still low, they have apparently climbed by almost 61 percent in the opening days of February versus […] [Read More]

SALT LAKE CITY — Prestige Financial Services and www.OnlineBKmanager.com recently partnered to boost dealers' ability to efficiently deliver vehicles and supply financing for bankruptcy customers.  Through this alliance, Prestige Financial's dealer partners can receive a unique package discount on www.OnlineBKmanger.com services. For nearly 15 years, officials recounted www.OnlineBKmanager.com has been a leader in bankruptcy marketing […] [Read More]

Working on behalf of the U.S. Treasury, VSE Corp. — a federal services company — is holding a public auction next month with Manheim to sell the seized and forfeited vehicles of convicted Ponzi scheme culprit Byron Keith Brown.  Receiving the proceeds generated from the sale — which includes a bevy of luxury and classic vehicles — […] [Read More]

Among the dozen sessions spread over three days during next month’s CAR Conference, one segment is specifically tailored to bring together a panel of credit union remarketers who will discuss daily collection challenges facing credit unions. The session titled “Repossession Challenges and Solutions” is set to include: —Joel Bowen, of CalTech Employees Federal Credit Union. […] [Read More]

Both Equifax and TransUnion recently rolled out new solutions aimed at helping collection agents get better estimations of potential recovery amounts from delinquent debtors. Both companies launched these new tools during the recent Debt Buyers Association Conference held earlier this month in Las Vegas. TransUnion Believes Two New Products Deliver Strong Results TransUnion revealed two new recovery models — […] [Read More]

Sparked again by the appeal of certified pre-owned units, CNW Research projected February used-vehicle sales to post a healthy year-over-year gain, strengthening an already solid foundation for the industry to reach at least 39 million units for the year. CNW thinks February used sales could climb to 1.75 million units, a figure that would represent […] [Read More]

Ford announced actions late last week that it says will allow the automaker to cut close to $3 billion away from its debt. Specifically, Ford revealed that it will redeem the entire the $2.98 billion aggregate principal amount outstanding of its 6.50 percent Junior Subordinated Convertible Debentures held by Ford Motor Co. Capital Trust II […] [Read More]

Edmunds.com contends an increasing number of Chrysler, Dodge and Jeep owners are reporting fuel spit-back issues at the gas pump. Site analysts came to this assessment based on complaints filed with the National Highway Traffic Safety Administration. The site determined these complaints assert that the fuel system does not respond to a shut-off mechanism in […] [Read More]

Along with selecting its motorcycle history report provider, NADAguides.com recently redesigned its site sections specifically geared for classic car, motorcycle and powersport, boat and recreation vehicle pricing and valuation data. Site officials highlighted that each section now boasts an intuitive and streamlined navigation design, in-depth year, manufacturer and model notes, buying, insurance and ownership guides, […] [Read More]