HAUPPAUGE, N.Y. — CU Xpress Lease, the joint venture by Fusion Auto Finance and GrooveCar, recently opened a Los Angeles-area office and chose a former Autoland executive to oversee the operations. Company executives indicated the new facility in Valencia, Calif., is ... [Read More]

VIENNA, Va. — A recent Financial Crimes Enforcement Network study indicates conscientious dealership staff and finance company personnel are greatly helping to squash fraudulent vehicle loans facilitated by identity theft prior to funding. FinCEN, a part of the U.S Department of Treasury, conducted ... [Read More]

GARDEN CITY, N.Y. — Chase confirmed today  that it has hired veteran Randy Beil as vice president and national manager of its vehicle remarketing group. His team is responsible for selling repossessed and off-lease vehicles to consumers and through dealer, Internet ... [Read More]

DETROIT — The Ally Financial Board of Directors announced today it has declared a quarterly dividend payment on certain outstanding preferred stock issued to the U.S. Department of Treasury. A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Mandatorily ... [Read More]

OAK BROOK, Ill. — A veteran dealer posed a scenario to vAuto's Dale Pollak recently about getting into the buy-here, pay-here side of the business while maintaining a typical used-vehicle dealership at the same location. Despite a well-researched plan, Pollak recommended ... [Read More]

LITTLETON, Colo. — PassTime announced recently that it has become the first in the buy-here, pay-here vehicle telematics industry to utilize an embedded subscriber identity module (SIM) in its flagship solution application. Executives said the PassTime Elite Product Line will soon ... [Read More]

PHOENIX — Because of slowing sales due to economic struggles of its primary customer base, NowAuto Group revealed decreased revenues at the close of its fiscal year. The company calculated that its revenue totaled $5.1 million, resulting in a net loss ... [Read More]

NEW YORK — While down year-over-year, Chase revealed this week that auto loan originations were up by about 5 percent quarter-over-quarter. For the third quarter, Chase reported that auto originations came in at $6.1 billion, down 12 percent from the prior ... [Read More]

BENTONVILLE, Ark. — America's Car-Mart recently opened up its 100th dealership, extending its network that now stretches through eight states. Former Auburn football coach Pat Dye was on hand as part of the celebration to usher in the new store ... [Read More]

BROOKFIELD, Wis. — Fiserv announced Tuesday that its Automotive Loan Origination System will integrate with Open Dealer Exchange. The inclusion of Open Dealer Exchange in Fiserv's LOS is designed to give clients an extended range of alternatives for automating the exchange ... [Read More]