Groups Offer Insights into Pending Federal Identity Theft Regulations
Wednesday, Nov. 29, 2006, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — Compli, the National Independent Auto Dealers Association and the American Financial Services Association recently offered input on the proposed Red Flag Rules to educate dealers and executives in the industry on the upcoming changes. Compli said it is ... [Read More]
BHPH Opportunities in the Alternative Financial Services Marketplace
Wednesday, Nov. 29, 2006, 12:00 AM
Nick Zulovich
HOUSTON — Everyone knows how important banks and financial institutions are to our national economy and to the capital markets. However, few people are aware of another emerging market called "alternative financial services," which now includes an estimated 80 million unbanked ... [Read More]
Chase Opens New Custom Finance Office in Albany
Wednesday, Nov. 29, 2006, 12:00 AM
Nick Zulovich
ALBANY, N.Y. — Chase Auto Finance announced it has opened a new Custom Finance Business Center in Albany to better meet the need of dealers in the upstate New York area. Anji Trinci will manage the new office at 1 Marcus ... [Read More]
PassTime Partners with CAR Financial, ADP
Wednesday, Nov. 22, 2006, 12:00 AM
Nick Zulovich
LITTLETON, Colo. — PassTime recently announced a partnership with CAR Financial to connect both companies to a larger network of dealers. Additionally, PassTime said it has teamed up with Automatic Data Processing to provide disclosure forms through ADP's F&I eForms Library. ... [Read More]
Subprime Execs Emphasize the Importance of Recon in Driving Wholesale Prices
Wednesday, Nov. 22, 2006, 12:00 AM
Nick Zulovich
SAN DIEGO — Subprime retail sales will continue to increase in the coming years, and the inevitable result — a rise in repossessions — will fuel growth in the subprime wholesale market, agreed a panel of subprime lenders at the National Remarketing Conference ... [Read More]
AppOne Releases Aftermarket Feature, More
Wednesday, Nov. 22, 2006, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne recently announced the release of Menu One, a new feature that displays enhanced financing options or aftermarket products through the company's Web-based portal. The company also said it has teamed with First Advantage Credco to provide ... [Read More]
Ford Credit Canada Announces First Public Securitization
Wednesday, Nov. 22, 2006, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Credit Canada Limited announced that Ford Floorplan Auto Securitization Trust, a newly established securitization trust sponsored by Ford Credit Canada, has completed its initial public offering of asset-backed notes in Canada. The offering generated proceeds of approximately ... [Read More]
AFSA Prepares for Vehicle Finance Conference
Wednesday, Nov. 15, 2006, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — In the months leading up to the American Financial Services Association's 11th annual Vehicle Finance Conference & Expo, the group has been busy honoring an auto finance veteran, naming new executives, installing a new chairman and more. The ... [Read More]
Linnehan’s USA Computer Systems Debuts Accounting-Based DMS Product
Wednesday, Nov. 15, 2006, 12:00 AM
Nick Zulovich
TRENTON, Maine — What better dealer management system for a buy-here, pay-here dealership than one created by those that specialize in the BHPH industry? At least, that was part of the Linnehan family's strategy when they introduced The ANSWER, an accounting-based ... [Read More]
PIN Reports 72-Month Loans Gaining Ground
Wednesday, Nov. 15, 2006, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — The domestic automakers financing incentives earlier this year, which included zero-percent APR on 72-month loans even for subprime customers, are one factor contributing to the new popularity of 72-month loan terms in the new-vehicle financing business, according ... [Read More]