PORTLAND, Ore. — Compli recently named Mark Lawler as senior vice president and chief technology officer. Lawler comes to Compli from Primavera Systems, which is leader in project management software. At Primavera he served as vice president of ProSight Product Strategy. Primavera recently acquired ProSight, which Lawler co-founded. Before the acquisition, Lawler served as CTO […] [Read More]

ST. LOUIS — St. Louis became the gateway to the nonprime auto financing industry earlier this month when executives working the gamut of the credit spectrum all descended on the city to share experiences and network. Their particular focus was the nonprime marketplace. The recent National Auto Finance Association's 11th Annual Non-Prime Auto Finance Conference […] [Read More]

LAKE SUCCESS, N.Y. — Today, DealerTrack announced that the number of active finance sources connected to its platform has reached 375, an increase of 23 percent since the end of 2006. The company also recently completed its acquisition of Arkona. "We are very pleased to arrive at this milestone," said Mark O'Neil, chairman and chief […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Shortly after its launch, Dealer Vision announced it has struck a close relationship with JM&A Group. The new company was established by the Finance Express founders and will work off the platform's DMS. Dealer Vision was launched to help coordinate the closing and funding of auto purchases, in addition to […] [Read More]

DALLAS — Ristken Software Services announced it has been selected as a preferred F&I Menu for Premier Dealer Services, which is owned by Great American Insurance Co. PDS said its products are mainly marketed through independent general agents in the auto industry. Under terms of the agreement PDS will recommend Ristken's MenuPro product to its […] [Read More]

SANTA MONICA, Calif. — Due to the popularity of the Internet, Scott Painter, chief executive officer of Zag, predicts that at least one-third of today's dealers will be out of business in five to 10 years. According to Painter, the key to continued success at the dealer level is providing consumers a "superior experience." Zag […] [Read More]

WASHINGTON D.C. — The U.S. economy will see continued moderate growth through 2008 as the housing market stabilizes, according to the American Bankers Association Economic Advisory Committee. The committee agreed that the drag from homebuilding will fade and that overall economic growth will pick up through the end of this year and into 2008. "The […] [Read More]

DALLAS — Manchester recently announced it has appointed a senior vice president of operations, a senior vice president and chief accounting officer, and a communications director. The company recently named Rex Gossett as senior vice president of operations. His focus will be on the company's buy-here, pay-here business. Gossett worked in the BHPH industry for […] [Read More]

ORLANDO, Fla. — Aimbridge Lending Solutions, an integrated provider of multi-channel, multi-lender auto buying and lending services, announced it has introduced an expanded suite of direct lending products at the Florida Credit Union League Annual Convention and Exposition. AimbridgeConnect said it now offers complete front-end lending with direct, indirect and Web-based solutions based on its […] [Read More]

IRVINE, Calif. — The average balance of an open auto loan is $15,654, according to a study released this week by Experian Consumer Direct. The company also discovered that 28 percent of the U.S. population, based on 2000 Census results, has at least one auto loan or lease on file. Company officials went on to […] [Read More]