PORTLAND, Ore. — Compli announced it is launching a new effort to expand compliance content through its Dealership Compliance Management System software by aligning itself with leading industry experts who specialize in this arena. In its first step in this effort, Compli said it has teamed up with Hudson Cook to provide dealers with the most […] [Read More]

CHARLOTTE, N.C. — On Monday, Sonic Automotive announced it has sold Cornerstone Acceptance Corp., its automotive finance subsidiary. Sonic said it realized cash proceeds of about $33 million from the sale. B. Scott Smith, president and chief strategic officer, reported, "We are pleased to announce the attainment of another one of our strategic objectives for […] [Read More]

PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, announced late last week that it has added Shawn Keller to its management team. As director of product management, Keller will oversee the overall quality assurance process as well as the integration process with strategic […] [Read More]

HUNT VALLEY, Md. — Sure, it takes time, money and patience to chase after primary insurance proceeds on repossessed vehicles. Sometimes it's just easier to wash your hands of it. Or is it? RecoveryPro is a specialized, affordable asset protection program created by van Wagenen that delivers a cost-effective solution for auto lenders seeking to […] [Read More]

WASHINGTON, D.C. — John Snow, chairman of Cerberus Capital Management and former U.S. Treasury secretary, will be a key speaker at the upcoming American Financial Services Association's 12th Vehicle Finance Conference and Expo, which is slated for Feb. 6 to 8 at The Palace Hotel in San Francisco, Calif. To those in the industry, Snow […] [Read More]

LAKE SUCCESS, N.Y. — This morning, DealerTrack announced the co-sponsors of its second annual Innovation Conference scheduled for Sept. 17 to 18 in Las Vegas. According to officials, the headline sponsor, Manheim, will be presenting on The Future of Online Auctions. Mike Lang, Manheim's chief marketing officer, said, "Manheim is proud to partner with DealerTrack […] [Read More]

IRVING, Texas — Walkaway USA has unveiled what it calls a one-of-a-kind vehicle return program dubbed Protection for Automotive Financing designed to cover the credit union marketplace. The program provides credit union members with protection against negative equity, allowing them to walk away from their vehicle loan or lease in the event of life-changing circumstances, […] [Read More]

SARASOTA, Fla. — Leedom and Associates announced that the exhibit hall for its annual National Special Finance and Buy-Here, Pay-Here Conference has been sold out. Officials said they have created a waiting list as more space will added in the future. The event will be held Oct. 7 to 9, at Caesars Palace in Las […] [Read More]

MINNEAPOLIS and BATON ROUGE, La. — Now that AppOne has a parent company, Wolters Kluwer Financial Services, the top executives from both companies offered insights into how the transaction will impact business. Right off the bat, Wolters Kluwer Financial Services said it plans to retain the AppOne name for its subsidiary and all of its employees. […] [Read More]

SCOTTSDALE, Ariz. — Professionals attending the upcoming F&I Conference and Expo will have the opportunity to qualify for CSI Certification thanks to a workshop provided by the Automotive Dealership Institute. The two-hour workshop is free for pre-registered attendees and includes interactive training, an exam and an engraved certificate presented in a "beautifully designed" hardcover presentation […] [Read More]