LAS VEGAS — On June 18 to 20, CUDL will host its 10th annual Auto Lending Symposium at the Venetian, bringing remarketers, dealers, analysts, credit union specialists and more together to discuss the role of the credit union marketplace in auto lending. "Energize all areas of your credit union's auto lending program at the largest industry […] [Read More]

McLEAN, Va. — As many as three out of five auto consumers suffer from damaged credit, according to the National Auto Dealers Association. "Dealers could be leaving a great deal of money on the table — perhaps hundreds of thousands of dollars a year in additional gross profit — if they ignore the subprime market," the association reported. […] [Read More]

MINNEAPOLIS — Van Wagenen Financial Services recently announced that it has been selected by AmeriCredit to provide insurance tracking for its auto finance portfolio. "We chose van Wagenen for its technological expertise and extensive experience in insurance tracking and related products. This makes them an excellent choice for delivering the high quality service and standards that […] [Read More]

CARMEL, Ind. — In less than three years since its inception, Dealer Services Corp., which is based in Indiana, announced it has reached a major milestone — the flooring of its 1 millionth vehicle. To celebrate the achievement, Carmel-based DSC paid off the balance of the 1 millionth vehicle for Jim Curtner, owner of Auto Depot, LLC in St. […] [Read More]

FORT WORTH, Texas — AmeriCredit Corp. made a major move regarding its auto loan operations earlier this week as the company announced a $750 million asset-backed securitization under its automobile receivables trust, which mostly covers subprime auto loans. Deutsche Bank Securities and Credit Suisse are the lead managers on the transaction, while Barclays Capital, Lehman Brothers and Wachovia […] [Read More]

LEXINGTON, Ky. — Dealers' Financial Services recently named Great American Insurance Co. as the underwriter for its MILES Guaranteed Auto Protection Program, which is designed to assist and protect active-duty military personnel when they are making a vehicle purchase. According to officials, the deal between DFS and the Great American Insurance Co. allows GAP protection waivers […] [Read More]

SAN RAMON, Calif. — BlueSky Marketing Group, a provider of direct marketing and lead generation for auto dealers, recently announced it has launched its full-service business development center division, which is designed to help dealers efficiently deliver more vehicles. BlueSky's Pure BDC was created as an outsourced solution to help dealers optimize every type of lead […] [Read More]

CENTENNIAL, Colo. — Peak5 recently announced that it has become a member of the American Financial Services Association. As such, Peak5 indicated that it can provide a variety of unique resources to other AFSA members. This includes its Test Drive Peak5 program, which is designed for lenders to test their internal servicing strategies. Furthermore, it is […] [Read More]

CHICAGO — Government and private-sector regulatory compliance experts will brief more than 1,200 bank professionals on the latest challenges and regulations at the upcoming American Bankers Association Compliance Conference to be held June 8 to 11 at Hyatt Regency Chicago. Shelia Bair, chairwoman of the Federal Deposit Insurance Corp. will serve as the keynote speaker.  Additionally, […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today that Chevy Chase Bank, one of the largest banks in the Washington, D.C./Baltimore metropolitan area, has joined its growing roster of finance sources. Chevy Chase Bank serves nearly 300 franchised and independent dealer partners and is ranked within the top 100 auto finance lending institutions nationally, according to officials. […] [Read More]