IRVING, Texas — Exeter Finance Corp., subprime auto contract purchaser, reported that it continues to make progress on its expansion plan. On Monday, the company announced the opening of its sixth branch office, with the latest located in Manchester, N.H. According ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced Monday that it has hit a new milestone in the number of finance sources connected to its platform — 700. "We are very pleased to reach this milestone of 700 connected financing sources, significantly more ... [Read More]

BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]

NEW YORK — The Conference Board's Labor Economist indicated Monday that the economy is displaying no sign of strength, predicting that it's quite possible the economy could become even weaker in the second half of the year. More specifically, Ken Goldstein, ... [Read More]

LAS VEGAS — According to Tony Boutelle, president and chief executive officer of CUDL, credit unions are a great avenue to turn to for indirect auto loans, especially with some national and non-prime lenders retrenching. "Credit unions are in a great ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced earlier this week that it faired the tough marketplace relatively well in the second quarter. Its second quarter revenues are up, compared to the second quarter of 2007. More specifically, officials said revenues were ... [Read More]

NORTH YORK, Ontario — DataScan Field Services recently announced it has contracted with Honda Financial Services to provide floor plan inventory verification for vehicles and power equipment throughout Canada. This is DataScan's first national OEM audit client in Canada, officials pointed out.  ... [Read More]

NEW YORK — GMAC Financial Services announced Wednesday that the Federal Deposit Insurance Corp. has granted a 10-year extension of GMAC Bank's current ownership by extending the existing disposition requirement that was established in connection with the sale of a majority ... [Read More]

WOODCLIFF LAKE, N.J. — Alphera Financial Services' portfolio of serviced assets, which was launched in 2006 to provide BMW's award-winning customer service to other franchises owned by its dealers, announced late last week that it is expanding, in addition to ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced Monday that it has received an additional $15 million in senior secured financing from an affiliate of Levine Leichtman Capital Partners as a follow-up to last week's $10 million financing. The company borrowed a ... [Read More]