PORTLAND, Ore. — Compli announced it has expanded its sales channel in the Midwestern United States with a new regional office in Ohio and has appointed Randell Wittenberg as Midwest regional sales manager. According to officials, Wittenberg has more than 20 years of sales and marketing experience. He comes to Compli from Hearst Corp.'s Veretech, […] [Read More]

SANTA ROSA, Calif. — ZAP announced it has partnered with netLoan Funding to provide its customers with one-stop Internet financing for electric vehicle and electric car purchases. NetLoan Funding specializes in providing lender management services and a diversity of loan and lease options for online or point-of-sale purchases, officials noted. With this new partner, ZAP […] [Read More]

BANDON, Ore. — CNW Research called August a "mixed bag of good and bad news." Officials said average MSRP for vehicles sold during the month was $31,168, up from $31,149 in July, marking the first month-to-month increase since June. However, due to larger incentives, average transaction prices were down. Moreover, the floor-traffic index dropped to 111 […] [Read More]

LOUISVILLE, Ky. — While military personnel tend to be transient and can be deployed at a moment's notice, Mary Ann Mays, marketing communications manager for Fort Knox National Co., said that doesn't mean they are high-risk customers for lenders. In fact, she indicated military members can be less risky than other segments of the population. […] [Read More]

HOUSTON — Ken Shilson, CPA and founder of the National Alliance of Buy-Here, Pay-Here Dealers, reported that the recent meltdown in the subprime mortgage markets and a tightening of subprime credit in the capital markets are moving underwriting and collections to center stage. As such, his group, NABD, is preparing for its annual Underwriting and […] [Read More]

ST. PETERSBURG, Fla. — Payless Car Sales recently announced that it has entered into an agreement with myAutoloan.com to provide a white-labeled, Web-based auto finance center for www.PaylessCarSales.com. "Selling online is all about providing the customer with a transparent and easily navigable Web site, and we do everything possible to make the process as intuitive […] [Read More]

WESTLAKE VILLAGE, Calif. — Although challenges abound in the subprime housing market, many auto lenders are rolling out full-spectrum credit, covering prime and subprime customers, as competition heats up for market share and dealers demand more services, according to J.D. Power and Associates in its 2007 Dealer Financing Satisfaction Study. The study found that many prime […] [Read More]

GAINESVILLE, Ga. — Black Book announced Monday that it has launched Finance Advance, which is a new market-driven value that was designed to establish the appropriate base value financial institutions can use as a basis for advancing funds. The new Finance Advance program value reflects the pre-owned vehicle industry's improvement in vehicle reconditioning standards, extended warranties, […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced it has purchased the AppOne Companies. With the acquisition of AppOne, Wolters Kluwer Financial Services expects to integrate its compliance content with AppOne's leading process automation suite. This will provide the indirect lending market with an end-to-end solution that helps indirect lenders address the inefficiencies of a manual loan […] [Read More]

SALT LAKE CITY — Thanks to strong dealership response to its product offerings, Prestige Financial Services said it is continuing to provide innovate offerings in the non-prime through deep subprime auto finance marketplace. The company's lending territory also continues to expand, and now includes 20 states throughout virtually all regions of the country, according to executives. […] [Read More]