FORT WORTH, Texas — AmeriCredit officials confirmed Wednesday that Gayle Pavlicek, former senior vice president of remarketing, has left the company to start her own business. Taking over the reins for the interim will be Scott France, executive vice president of AmeriCredit's specialties side, executives told SubPrime Auto Finance News. This announcement comes not long after AmeriCredit completed […] [Read More]

POWAY, Calif. — First Advantage Credco, a wholly owned subsidiary of First Advantage Corp., announced that BuyerID has assisted dealers in verifying more than 500,000 consumer identities in more than 1,100 dealerships nationwide since it was launched in late May. BuyerID is the company's suite of smart identity verification solutions and is available on more than […] [Read More]

BROOMFIELD, Colo. — Oxlo Systems and Chrysler Financial announced they have partnered so Oxlo can provide Chrysler Financial with integration services for the captive's new Star compliant AutOrigination. Oxlo said it will work with DMS and F&I application vendors to ensure Chrysler Financial's contract verification system works smoothly in their systems, according to executives. "Oxlo's integration […] [Read More]

ATLANTA — As collectors, dealers and vendors converged on Manheim's DRIVE Center for the National Alliance of Buy-Here, Pay-Here Dealers Collection conference last week, one overall theme of the event quickly became clear from the presenters and panelists — the buy-here, pay-here business is more difficult and demanding than ever in an environment of uncertainty, fluctuating gas […] [Read More]

SALT LAKE CITY — After more than a decade of growth and strong portfolio results as a regional niche auto lender, Prestige Financial Services announced it is going national. The company said it specializes in high non-prime through the deep subprime lending spectrum. In the last six months alone, the company said it has signed with […] [Read More]

SCOTTSDALE, Ariz. — The Automotive Dealership Institute said it was recently recognized by the Association of Finance and Insurance Professionals for its contributions to the F&I industry. AFIP's F&I Eagle Award is given to those who make a commitment to compliance, from the initial implementation of safeguards to the ongoing promotion and support of laws and […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express, which provides Web-based financial services and technology to independent dealers, announced that Universal Special Auto Finance and Financial Institution Lending Options have joined its platform. "The strength of Universal Special Auto Finance rests on the strength of our business partners," said John Scordo, executive vice president of business development […] [Read More]

WESTLAKE VILLAGE, Calif. — Power Information Network, an affiliate of J.D. Power and Associates, recently reported that upside-down trades are declining. The company found that the percentage of upside-down trades has dipped from more than 35 percent in 2003 to about 29 percent. According to PIN executives there are three reasons for this decrease: "First, the […] [Read More]

DEERFIELD BEACH, Fla. — World Omni Financial Corp. recently marked its 25th anniversary with a dedication ceremony at the company's headquarters. Sharing this milestone with associates, World Omni's president, Brent Burns, discussed the evolution of auto financing. "Within the last quarter century, automotive financing, like all fields in the industry, has been transformed," he said. "World […] [Read More]

PORTLAND, Ore., and HANOVER, Md. — Compli announced it recently teamed up with CounselorLibrary to provide "Carlaw" through its management system. Moreover, CounselorLibrary.com also released its newest "Carlaw F&I Legal Desk Book." Executives said the new Carlaw integration with Compli was designed to offer dealers instant, online access to the latest state and issue-specific information on […] [Read More]