SOUTHFIELD, Mich. — A recent study by A.T. Kearney discovered that only a one-point increase in auto loan approval rates could lead to relatively healthy jump in sales. "At current loan rates, a one-point increase in loan approval rates can increase ... [Read More]

SALT LAKE CITY — After making some tough decisions and pulling back on loan volumes approved and dealer relationship numbers, Scot Seagrave, of Prestige Financial, said the company is ramping back up and reaching out to more dealers. The plan ... [Read More]

DES PLAINES, Ill. — The National Insurance Crime Bureau and IGS, a Las Vegas-based provider of skip-tracing, asset location and collateral recovery services to lenders, recently formed a partnership to better monitor vehicle portfolios. The agreement is meant to offer auto ... [Read More]

PITTSBURGH — Less than a week after announcing the opening of an office in the Midwest, Chase Auto Finance unveiled a new location on Tuesday in Pennsylvania. Executives explained this new Custom Finance office in Pittsburgh is meant to serve the ... [Read More]

DES MOINES, Iowa — Chase Auto Finance unveiled a new office this week in Iowa's capital city. Executives stressed the new Custom Finance office in Des Moines is meant to serve the subprime financing needs of dealers throughout the Central Plains. ... [Read More]

LOS ANGELES — Nowcom recently rolled out a new Web-based DMS, which the dealer management solutions provider contends is a major upgrade from its Dealer Desktop program. Among the new features of DealerCenter 7 is an inventory management tool with vehicle ... [Read More]

HANOVER, Md. — The National Automotive Finance Association is preparing for its 14th Annual Below-Prime Credit Auto Financing Conference slated to kick off next week at the Renaissance Worthington Hotel in Fort Worth. The event will run June 2-4, with Dan ... [Read More]

CINCINNATI — Security National Automotive Acceptance Corp. named a new chief financial officer today. Taking on this position is Adam Contino, who will be responsible for leading all finance business intelligence and information technology functions. Contino has 23 years of experience, ... [Read More]

BROOKFIELD, Wis. — Earlier this week, Fiserv unveiled several enhancements to its Automotive Loan Origination System (LOS). Executives believe the modification can provide auto lenders with the flexibility to meet variable technology and market requirements. Some of the best-practice technologies now ... [Read More]

CHICAGO — The overall outlook of economists at the recent Automotive Economic Forecast and Financial Forum was positive — they all believe the economy is on the road to recovery — but they all also recognize that road will be a slow ... [Read More]