IRVINE, Calif. — Consumer Portfolio Services, which specializes in purchasing and servicing new- and used-retail auto contracts, announced this morning that it has closed a new $10 million senior secured financing with an affiliate of Levine Leichtman Capital Partners. The company indicated ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that it has partnered with the California New Car Dealers Association to develop and market Wolters Kluwer Financial Services' automotive retail installment sale contracts. The company noted that it markets its retail contracts ... [Read More]

FARMINGTON HILLS, Mich. — Chrysler Financial recently announced its automated contract origination process has reached several industry breakthroughs. AutOrigination First Early this year Chrysler Financial completed a series of enhancements to its AutOrigination product to enable additional dealer service providers to ... [Read More]

POWAY, Calif. — First Advantage CREDCO recently announced the introduction of ACT Portfolio Management solutions to help dealers better manage their portfolio, as well as improve their collection and recovery process by monitoring customer financial and credit behaviors. Basically, the solutions ... [Read More]

CARMEL, Ind. — Automotive Finance Consumer Division, a part of KAR Holdings, announced this week that it will begin offering its dealers a bankruptcy direct mail marketing program through Allegiant Marketing Group. AMG is based out of Oklahoma City, Okla., and ... [Read More]

ARLINGTON, Texas — Ken Burke, chief executive officer of Southside Financial Group, which was recently founded to specialize in acquiring auto portfolios, announced the name of the company's president. Taking on the position is Gary Perdue, a 30-year auto finance veteran. ... [Read More]

SAN BRUNO, Calif. — Nomis Solutions today announced that Chrysler Financial has selected its Price Optimizer for Auto Finance to invest in new pricing technology. The solution is expected to provide Chrysler Financial with improved continuity and efficiency in each of ... [Read More]

PORTLAND, Ore. — Compli recently announced that it is adding more than 100 new electronic compliance content items on its Compli Dealership Compliance Management System, effective June 30. These items will facilitate a more robust "Good Faith" compliance effort that addresses ... [Read More]

DETROIT — A General Motors spokesperson told SubPrime Auto Finance News this morning that the automaker kicked off a 72-Hour Sale today that features zero-percent financing for up to 72 months on select 2008 models. This offer is only available for ... [Read More]

NORFOLK, Va. and IRVING, Texas — AutoExtra.com and AutoMart.com both announced they have partnered with myAutoloan.com, which has launched financing programs on each of the respective Web sites. The Auto Finance Center, powered by myAutoloan.com, is designed to allow AutoExtra.com ... [Read More]