DENVER — Access Capital Investment Group recently unveiled a new acquisition program to assist auto loan originators in better managing their consumer portfolios. What ACIG believes is most unique is that this program has the flexibility to price and purchase all accounts in a loan holder's portfolio — regardless of delinquency status or payment frequency. Beyond the […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express revealed this week that ACS Financial has come on board as another lender using the provider's Web-based financial services and technology platform. Officials noted ACS offers leasing and retail financing at prime rates to independent used-vehicle dealers in 48 states throughout the country. "We are pleased to have another national […] [Read More]

IRVING, Texas — On Wednesday, Exeter Finance Corp. announced it is opening two new offices, expanding the company's branch network, in addition to joining RouteOne. The special auto finance company has now has branches in Philadelphia and Atlanta. Rather than a centralized model, Exeter's underwriting and verification teams are based in local branches, which is […] [Read More]

FARMINGTON HILLS, Mich. — Thanks to  a successful pilot that was launched not long after the iPad became available, Mercedes-Benz Financial announced this week that it is handing out iPads to all 355 dealers to give them instant mobile access to its point-of-sale system called MB Advantage. The pilot provided 40 dealers with the iPad back […] [Read More]

CarMax took a step toward expansion in Kentucky recently, as it started building its new superstore in Lexington. When the company celebrates the anticipated 2011 opening, the new store will join the existing Louisville facility to make up CarMax’s pair of Blue Grass state locations. Officials projected that 50 to 75 jobs will be created […] [Read More]

Typical Forbes readers might usually be associated with premium luxury units, but magazine editors rattled off a dozen 2011 model-year vehicles expected to be the most anticipated. And vehicles that constituted a third of the list didn’t come from luxury brands, but rather the expected top sellers came from two domestic automakers. Chevrolet and Ford each had two […] [Read More]

Silver’s streak of ranking as the world’s most popular choice for vehicle hue has reached 10 years, according to PPG Industries. The last time silver was this common among cars was 1990, according to the company. Silver, gray and charcoal led the way for North America, as well, as they commanded a 31-percent share, climbing from […] [Read More]

smart USA and Nissan announced Wednesday that they are collaborating on a new vehicle to offer for sale in the United States. Company executives revealed a memorandum of understanding has been signed that indicates smart USA will obtain the rights to procure and distribute a five-door, gasoline powered, B-segment vehicle from Nissan. The unit would go up […] [Read More]

The battle between two rental car giants to acquire Dollar Thrifty Automotive Group has been chaotic to say the least, but in the aftermath of a Hertz Global Holdings and DTAG deal falling through, it appears Avis Budget Group and Dollar Thrifty have reached an accord. The two companies put out a joint statement Tuesday saying […] [Read More]

On Tuesday, ADESA introduced a national online luxury vehicle exchange that will host its first sale later this month. LVX will include Audi, BMW, Mercedes-Benz and Porsche models and will only be accessible via LiveBlock. The first sale will be 1 p.m. EST on Oct. 27. There is slated to be more than 250 units […] [Read More]