LAKE SUCCESS, N.Y. — DealerTrack announced on Monday that the number of active financing sources connected to its network has now reached 750. "Our achievement of this historic milestone for the DealerTrack network underscores our commitment to helping dealers succeed in ... [Read More]

CARY, N.C. — SubPrime Auto Finance News' sister publication, Auto Remarketing, is seeking nominations to recognize top companies, including lenders, floor planners and other subprime companies, for a feature in an upcoming edition of the magazine. The deadline is Monday, so ... [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services announced Wednesday that Credit Union Acceptance Co., a credit union service organization that represents 130 credit unions in the indirect auto finance market, has joined its AppOne credit union platform. Using the AppOne ... [Read More]

DES MOINES, Iowa — Wells Fargo Preferred Capital announced it recently provided a revolving credit facility to CarBiz. The amount of the facility is $20 million. CarBiz operates 25 buy-here, pay-here dealer locations throughout the U.S. "We are fortunate to partner ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds announced Wednesday that the Michigan Automobile Dealers Association is endorsing the its LAW 553 Universal Retail Sale Contract to the more than 700 new car dealerships that group currently represents throughout the state. The LAW ... [Read More]

HOUSTON — Group 1 Automotive announced Monday that it has reduced the borrowing capacity under its credit arrangement with Ford Motor Credit Co. for floor plan financing to $150 million from $300 million, with no change to the terms or pricing. ... [Read More]

SAUSALITO, Calif. — ChannelNet, a leading provider of multichannel solutions for the auto and financial services industries, announced Volkswagen Credit has expanded its use of personalized sites to include all customers in its lease portfolio. First launched in mid-2008, VW Credit's ... [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has extended the maturity of its credit facility with a commercial bank syndicate from June 22, 2010 to June 23, 2011. The amount of the facility was reduced from $153.5 million ... [Read More]

NORTH RICHLAND HILLS, Texas — Triad Financial and Windsor Group recently announced a partnership to grow Triad's third-party servicing business, which supports finance companies, banks, investors and dealers. Windsor, a leading skip trace and repossession management provider, will drive Triad's marketing, ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced on Wednesday that it has formed a new Indirect Lending business unit to strengthen its commitment and expand its reach across the broader indirect lending market. Over the past two years, Wolters Kluwer indicated ... [Read More]