HOUSTON — With new origination volume soaring, First Investors Financial Services Group finished its 2011 fiscal year on a record-setting note, watching net income climb to the highest point in company history. Officials recently calculated their net earnings came in ... [Read More]

OVERLAND PARK, Kan. — Whether it's a well-established buy-here, pay-here dealership or a franchise lot looking to venture into the BHPH market, NCM Associates is planning a free Webinar to benefit all managers and salespeople. The upcoming 60-minute session with ... [Read More]

SALT LAKE CITY — Prestige Financial Services recently announced it has established a $150 million funding facility with Wells Fargo Securities.  The company noted that the new arrangement is similar to a secured revolving line of credit and also “provides ... [Read More]

WESTERVILLE, Ohio — NAC, which orchestrates sales and administration of vehicle service contract products and services, recently launched ExpressLane 2.0 — the company's next generation online dealer contracting system. Officials explained ExpressLane was designed to address the efficiency gaps and ... [Read More]

WILKES-BARRE, Pa. — GWC Warranty Corp. and Southern Auto Finance Co. formed a vehicle service contract strategic alliance this week. The companies indicated the alliance means SAFCo now offers through its dealers the GWC vehicle service contract and GAP program. ... [Read More]

McLEAN, Va. — In revealing company-wide financials Wednesday, Capital One reported on a few key trends in its auto finance division. For the second quarter, period-end automobile loans held for investment accounted for $19.22 billion, compared to $18.34 billion in the ... [Read More]

MISSION VIEJO, Calif. — BlueYield, a consumer auto finance lending exchange and provider of private-label affinity automotive financing programs, recently teamed up with a website aimed at reaching the Indian community throughout Michigan and the United States. BlueYield officials now ... [Read More]

WASHINGTON, D.C. — The Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies. But officials late last week did share the latest average by commercial banks. The Fed determined the average interest rate ... [Read More]

FARMINGTON HILLS, Mich. and LOGAN TOWNSHIP, N.J.— Daimler Truck Financial revealed Monday that it will begin providing financial products and services for more than 175 Mitsubishi Fuso Truck of America dealers and their customers. DTF noted that through this partnership ... [Read More]

PHILADELPHIA — VINtek revealed this week that it has helped with the drafting of legislation that will allow the Texas Department of Motor Vehicles to develop rules to hold auto liens electronically, instead of via paper titles. Texas House Bill 2575 ... [Read More]