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Marketing Experts Offer Advice to Help Drive Subprime Ups, Sales
Thursday, Apr. 12, 2007, 12:00 AM
Nick Zulovich
LEE, Mass. — No matter where a store is located, or what type of clientele it serves, several marketing executives interviewed by SubPrime Auto Finance News agree that the best way to drive more "ups" and prospects into a showroom is ... [Read More]
To Attract Subprime Buyers to Dealers, CarsDirect.com Launches Used Car Channel
Thursday, Apr. 12, 2007, 12:00 AM
Nick Zulovich
LOS ANGELES — CarsDirect.com's newly redesigned Used Car Channel is an ideal avenue for subprime dealerships and other independent dealers to retail their older inventory, according to Josh Evans, vice president of dealer relations. After nine months in development, officials unveiled ... [Read More]
Spanish Lead Services Launches Creditodeauto.com
Thursday, Apr. 12, 2007, 12:00 AM
Nick Zulovich
LOS ANGELES — Spanish Lead Services recently launched Creditodeauto.com to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas ... [Read More]
Wells Fargo Auto Finance Turns 60
Thursday, Apr. 12, 2007, 12:00 AM
Nick Zulovich
CHESTER, Pa. — Wells Fargo & Co. is marking two special milestones in 2007. Wells Fargo & Co. is turning 155, and this month Wells Fargo Auto Finance celebrates 60 years of providing auto financing. "Being in business for 60 ... [Read More]
Byrider: Progress Continues Despite Founder’s Death
Thursday, Apr. 5, 2007, 12:00 AM
Nick Zulovich
CARMEL, Ind. — Marking a solemn occasion, J.D. Byrider executives recently gathered to honor the one-year anniversary of the death of their company's founder and president, Jim DeVoe. Despite losing the power behind the birth of Byrider, company executives said business ... [Read More]
Detroit Trading Co. Builds Marketplace for Auto Finance Leads, Including Subprime
Thursday, Apr. 5, 2007, 12:00 AM
Nick Zulovich
ROYAL OAK, Mich. — Detroit Trading Exchange was created to serve as an independent marketplace, along the lines of a virtual Wall Street, to provide an infrastructure for companies and dealers to buy and sell all sorts of auto leads, such ... [Read More]
DealerTrack Processed 71.5 Million Transactions in 2006
Thursday, Apr. 5, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — About 19.5 million transactions were processed in DealerTrack's network during the fourth quarter, a 52-percent climb from about 12.8 million processed during the same time frame of the prior year, according to officials. For the complete year, ... [Read More]
Flex Fund Names VP of Salvage Services
Thursday, Apr. 5, 2007, 12:00 AM
Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services announced it has named Paul Coon vice president of the company's salvage services division. Officials said Coon has served in the auto recycling and collision repair industries for 22 years, holding various sales, ... [Read More]
Flatiron Acquires Centrix Financial
Thursday, Mar. 29, 2007, 12:00 AM
Nick Zulovich
DENVER — Flatiron Financial Services Inc. (Flatiron) announced that it has acquired substantially all the assets of Centrix Financial LLC pursuant to a sale/auction approved in the U.S. Bankruptcy Court for the District of Colorado. In a statement issued by Flatiron, ... [Read More]
Experian Updates Collection Triggers to Keep Lenders Alerted to New Debtor Info
Thursday, Mar. 29, 2007, 12:00 AM
Nick Zulovich
COSTA MESA, Calif. — Experian recently launched an updated version of its Collections Triggers. The new version was designed to provide collectors with notification when a debtor's ability to pay appears to be improving. This can be especially critical for financial ... [Read More]