ATLANTA — Manheim Automotive Financial Services recently announced the addition of a satellite office located on the north side of Jacksonville, Fla. MAFS General Manager Kathy Decker said the new location was launched to extend the company's reach into areas where no auction office exists. The new site is sponsored by the Orlando Orange County […] [Read More]

LAS VEGAS — Representatives from lenders such as HSBC, Credit Union Direct Lending, Westlake Financial and Tidewater  discussed their business practices and shared tips with dealers on developing lender relationships at Leedom and Associates' 11th Annual National Special Finance and Buy-Here, Pay-Here Conference in Las Vegas last week. Ben Reynolds, of HSBC; Brent Hollingsworth, of […] [Read More]

BATON ROUGE, La., and FARMINGTON HILLS, Mich. — While AppOne started discussions with RouteOne about 90 days ago, AppOne's chief executive officer said a deal was only broached seriously about three weeks ago. Independent dealers will benefit from the partnership in several ways, according to AppOne's CEO. "The partnership will benefit independent dealers on the […] [Read More]

PASADENA, Calif. — Chase Auto Finance recently announced it has opened a new Custom Finance Business Center to meet the subprime financing needs of Los Angeles area dealers. Throughout California, Chase provides a full spectrum of services to dealers through its Prime Business Center in San Diego and its Subprime Business Centers in Riverside, Irvine, […] [Read More]

BATON ROUGE, La. — AppOne — a provider of Internet-based risk mitigation and financial technology to banks, auto finance companies and independent dealers — announced that it has entered into two alliances to increase aftermarket support for its nationwide dealer base. An alliance with Autosave, a vehicle aftermarket warranty and marketing specialist, expands the range […] [Read More]

RANCHO SANTA MARGARITA, Calif., and FARMINGTON HILLS, Mich. — Finance Express and RouteOne executives first began discussing an alliance a year and a half ago; however, it wasn't until the last month or so that the two companies entered into serious discussions, homing in on the benefits such a partnership could bring to independent dealers […] [Read More]

SARASOTA, Fla. — Carbiz recently announced plans to expand from three stores to 15, in addition to appointing Stanton Heintz as the company's chief financial officer. The company specializes in the buy-here, pay-here segment of the market in Florida. "We announced that we seek to expand our car-lot business from three stores to 15 in […] [Read More]

FARMINGTON HILLS, Mich. — Chrysler Financial, a unit of DaimlerChrysler Financial Services Americas, recently announced it has expanded its non-prime financing alliance with CitiFinancial Auto. "Chrysler Financial is delighted to join with CitiFinancial Auto in support of our Chrysler, Jeep and Dodge dealers," said William Jones Jr., vice president of Chrysler Financial. "Through an agreement […] [Read More]

COSTA MESA, Calif., and TORONTO — Experian recently announced enhancements to its anti-money laundering detection platform to provide additional capabilities and flexibility for financial institutions as they monitor, investigate and report suspicious monetary activity. The company has added advanced risk scoring and case management functions to its ASSIST suite of solutions to improve the effectiveness […] [Read More]

HUNT VALLEY, Md. — Lee & Mason of Maryland Inc. is now offering auto lenders an innovative new program called Debt Protection that is designed to help increase loan contract volume, decrease delinquencies, increase fee income and more. Debt Protection can be added as an addendum to a loan contract. Through the program, the lender […] [Read More]