Consumer Portfolio Services recently announced it entered into a new two-year revolving credit agreement with Fortress Credit Co. worth $100 million. Officials highlighted the new agreement replaces a revolving credit agreement that CPS has used since December 2010, in which ... [Read More]

In an effort to help dealers monitor their floor-planning resources more efficiently, NextGear Capital recently announced that it added Kelley Blue Book values to its myNextGear Web and mobile applications. As a result of this integration between the two Cox ... [Read More]

Ally Financial chief executive officer Jeffrey Brown pledged that the company would maintain positive performances despite a huge volume of originations no longer coming its way from General Motors and Chrysler. Now, Brown contends he has Ally’s first-quarter results to ... [Read More]

Digital Recognition Network hired a new managing director for its risk solutions business on Wednesday. The company’s growth in the insurance market prompted DRN to bring on Eric Nesson, a 25-year sales and insurance industry professional. Most recently, Nesson headed ... [Read More]

CRIF Select, a division of CRIF Lending Solutions and leading provider of indirect lending solutions, recently teamed with Dealertrack’s Digital Document Services (DDS) to provide Dealertrack’s eDocs solution for digital contract processing to CRIF Select’s partner institutions and dealerships. Dealertrack’s ... [Read More]

General Motors Financial is less than two quarters into its strategic adjustment of originating more prime paper than the finance company ever has in part to its enhanced relationship as the captive for the parent automaker. But GM Financial is ... [Read More]

Enhancing a relationship that’s already existed for several years, Ally Financial and Mitsubishi Motors North America on Monday announced that Ally will become the preferred financing source for Mitsubishi Motors in the U.S., replacing the brand’s captive finance company, Mitsubishi ... [Read More]

BillingTree recently expanded its leadership team with a trio of appointments. First, Nils Krumins now is senior director of professional services. The company also promoted Chad Probst to vice president of sales and business development. BillingTree indicated both of those ... [Read More]

In an effort to enhance the celebration of its 19th year of operation, subprime auto finance company National Auto Lenders rolled out a new logo and tagline. The marketing strategy is all part of NAL continuing to expand into new ... [Read More]

If you’re an F&I manager, how many times have you seen a weary buyer arrive in your office ready just to take delivery and depart the dealership? But it’s your job still to make the pitch, right? As frustrating of ... [Read More]