GAINESVILLE, Ga. — Black Book announced this week that it has expanded its relationship with DealerTrack. The new relationship involves Black Book integrating used-vehicle values into DealerTrack's BookOut for Lenders application. The goal of DealerTrack's new system is to simplify the process ... [Read More]

PALATINE, Ill. — MVTRAC announced today that it has partnered with Volkswagen Credit to help the company improve its collection procedures on defaulted vehicle collateral. As part of this relationship, VW Credit will use MVTRAC's automated license plate recognition technology, in ... [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced some changes to its credit warehouse facilities. The company said it increased the amount of its revolving secured warehouse facility with an institutional investor from $50 million to $75 million. In addition, the ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced Monday that it is compiling a comprehensive report containing statistics on the use of payment devices by BHPH operators. Kenneth Shilson, CPA and NABD founder, explained that technology will play an ... [Read More]

LOS ANGELES — Dealers who work with Wolters Kluwer Financial Services now have a streamlined system of processing loan documents thanks to a new service being offered by Nowcom. With a simple click of the mouse, Nowcom's Dealer Desktop "print pack" ... [Read More]

FORT LAUDERDALE, Fla. — AutoLoanDaily.com launches as a consumer auto finance news and advice site that will feature stories with dealers, lenders and credit experts. The site is designed to provide shoppers with advice and research on loans, leases and car financing. "In ... [Read More]

DETROIT — Late Wednesday, Fritz Henderson, General Motors president and chief executive officer, named Mark LaNeve's replacement. Promoted to the position is Susan Docherty, who is currently the general manager of Buick-GMC. She takes over the role on Oct. 16 and ... [Read More]

WASHINGTON, D.C. — The Federal Reserve announced the latest auto finance trends on Wednesday, and in an interesting turn, the average amount financed at auto lenders showed a significant drop. This figure came in at $24,405 on new-car loans in August, ... [Read More]

ALEXANDRIA, Va. — For the first time since 2005, bankruptcy filings jumped past the 1 million mark during the first three calendar quarters of a year, according to the American Bankruptcy Institute. Relying on data on from the National Bankruptcy Research ... [Read More]

SYRACUSE, N.Y. — XpressCredit today announced the hiring of a former AmeriCredit executive as director of lender development. Taking on this position is Rory Noske. Noske brings more than 18 years of experience, developing business relationships in the auto financial services ... [Read More]