WOODCLIFF LAKE, N.J. — BMW Group Financial Services recently announced that up2drive.com has been selected by Kelley Blue Book as its exclusive online lender for the kbb.com Web site. An automotive financing Web site that features convenient loan services, up2drive.com is designed to empower consumers through every step of the car buying, refinancing and selling process, […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently released a plethora of news, including partnerships with Market Scan Information Systems, ProMax Online and new integration between XpressCredit and Automobile Consumer Services on its platform. The most recent news is the fact the company has teamed up with Market Scan Information Systems Inc.'s MS5 and mDesking software products. According […] [Read More]

GREENVILLE, N.C. — On Monday, Regional Acceptance Corp. named its 2008 Collection Agency of the Year. Accepting this honor is accounts receivable management firm Central Credit Services. This is the fourth year Regional has handed out a Collection Agency of the Year award. Central Credit Services has won the award all four years, officials highlighted.. Jacksonville, […] [Read More]

BANDON, Ore. — The average FICO score for a new-vehicle buyer hit its lowest level since May 2006, according to the latest CNW Research data. This figure came in at 722 in March and includes buyers who financed, leased and paid cash. However, the figure did exclude commercial fleets. Despite the decline, the figure remains "a […] [Read More]

LOUISVILLE, Ky. — Strategic Marketing recently announced it is now offering direct mail with a no-risk, money back guarantee. This program can give dealers assurance that their advertising funds will be protected and refunded by Strategic Marketing if a certain return on investment is not accomplished. Since its inception in 1995, Strategic Marketing Inc. has developed […] [Read More]

SARASOTA, Fla. — CarBiz announced today that it has launched a new lease-here, pay-here Web site. CarBiz officials said they offer a variety of services to consumers and dealers from buying cars to providing financing and leasing, as well as operating a consulting and training division for dealers. This new site can allow consumers to apply […] [Read More]

ORLANDO, Fla. — Philadelphia-based VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance lenders, announced the launch of its Dealer Monitoring Program. The new offering is a risk management program for lenders that perfects liens from auto dealers, officials said. The Dealer Monitoring […] [Read More]

CLEVELAND — The rising demand for used vehicles and loosening of financing will soon translate into increased demand for new-vehicle sales, according to the latest report from KeyBanc. Driving this expected ramp up of demand are improving retail auto financing and auto asset-backed securities issuance, along with growing used-vehicle sale volumes and prices, officials indicated. "Dealers […] [Read More]

BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced today that Wachovia Dealer Services, a Wells Fargo Co., has joined its platform. Wachovia Dealer Services, the fifth-largest auto finance company in the nation, will purchase automotive retail installment contracts from AppOne's growing network of independent dealers nationwide. "Our goal is to help […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced that it has completed integration with DealerCentric. DealerCentric can enable dealers to capture and convert leads to credit applications and qualify online or offline consumers to specific vehicles and lender programs at the beginning of the sales process, taking the guesswork out of structuring deals, officials explained. Utilizing DealerCentric's online […] [Read More]