Alexandria, Va.— The first month of 2012’s bankruptcy rate shows signs of economic recovery and bodes well for the new year. This past month, total bankruptcy filings in the U.S. decreased by 14 percent year-over-year, according to data provided by ... [Read More]

WASHINGTON, D.C. — The American Financial Services Association recently revealed it has installed a new chair for its Vehicle Finance Division Advisory Board. Tapped for the position is Andrew Stuart, president and chief executive officer of Volkswagen Credit. The installation ... [Read More]

CHADDS FORD, Pa. — Flagship Credit Acceptance recently announced its controlling shareholder increased its capital investment to support the company’s growing auto finance platform. Flagship also revealed it entered into an agreement with Wells Fargo Bank to renew and increase ... [Read More]

FORT WORTH, Texas — After spending several weeks soaking in as many company details as possible, Digital Recognition Network's new chief executive officer is traveling full bore, meeting with lenders and agents in attempt to push the license plate recognition ... [Read More]

SOUTHFIELD, Mich. — Open Dealer Exchange recently revealed an agreement for integration with auto lending solutions provider CUDL. Through this new partnership, “CUDL will be offering direct credit application and contract validation data integration from the dealer’s point-of-sale system directly ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently revealed the opening of its newest dealership. The new rooftop is located in Moberly, Mo., and marks the 112th dealership for the chain. Commenting on the news, William  "Hank" Henderson, ... [Read More]

ARLINGTON, Texas — SFG Finance recently revealed it has tapped PassTime USA as its preferred vendor for its loan purchasing programs. SFG Finance — a purchaser of auto paper from buy-here, pay-here dealers, new car franchised dealers, finance companies, banks ... [Read More]

CLIFTON PARK, N.J. — Auto/Mate Dealership Systems has introduced a new F&I solution for dealers that it contends allows sales managers to easily compare multiple retail, lease and balloon payment options, as well as multiple vehicle choices for the customer, ... [Read More]

ROCKLEIGH, N.J. — Volvo Cars of North America revealed Sunday that it has formed a captive finance arm that will roll out later this year throughout all 50 states. Volvo Car Financial Services — which is a wholly owned subsidiary ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne is now providing its dealers with a free BlackBerry app that allows them to manage their deals and leads directly through this mobile product. The debut of the RouteOne BlackBerry app augments the company's existing ... [Read More]