Fed Reports on Latest Consumer Credit Information
Wednesday, Sep. 20, 2006, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Although preliminary data on the average annual percentage rate for new-car loans financed through auto finance institutions has slowly crept up in recent months, it still remains in the 5th percentile, coming in at 5.37 for July, ... [Read More]
Lithia Signs $225 Million Credit Facility with Several Lenders
Wednesday, Sep. 20, 2006, 12:00 AM
Nick Zulovich
MEDFORD, Ore. — Lithia Motors recently announced it has signed a new credit facility that will be funded by US Bank, DaimlerChrysler Financial Services and Toyota Financial Services. All three lenders will participate equally in the credit facility, according to ... [Read More]
NADC Plans F&I Compliance Workshop
Wednesday, Sep. 20, 2006, 12:00 AM
Nick Zulovich
HANOVER, Md. — F&I compliance will be the topic of a daylong workshop presented by the National Association of Dealer Counsel at the Four Points Sheraton BWI Airport in Baltimore, Nov. 10, according to officials. The workshops will be held ... [Read More]
DriveTime Helps Disadvantaged Schools
Wednesday, Sep. 20, 2006, 12:00 AM
Nick Zulovich
PHOENIX, Ariz. — In 2003, DriveTime created a program to donate dollars and volunteer time to disadvantaged schools, which the company classifies as schools without local funding for necessary repairs, little or no parental involvement and failing test scores. The SchoolTime ... [Read More]
KBB: Buyers More Attracted to 0% Financing Over Other Incentives
Wednesday, Sep. 20, 2006, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Thirty-seven percent of today's in-market vehicle buyers said they see zero-percent financing as the most appealing incentive available, up 11 percent from last year, according to Kelley Blue Book's New-Vehicle Buyer Attitude Study on Vehicle Purchasing and ... [Read More]
HSBC Launches Finance Program for 8 Million S&H Greenpoint Members
Wednesday, Sep. 13, 2006, 12:00 AM
Nick Zulovich
PROSPECT HEIGHTS, Ill. — HSBC recently announced that its auto finance division is launching an S&H greenpoints finance program that offers nearly eight million greenpoint members the opportunity to earn 15,000 S&H Solutions greenpoints on new and refinanced auto loans. ... [Read More]
AutoTrakk Launches Rapid Approval System
Wednesday, Sep. 13, 2006, 12:00 AM
Nick Zulovich
MONTOURSVILLE, Pa. — AutoTrakk, a finance company that specializes in the subprime market, announced it has launched a new Rapid Approval System designed to expedite the approval of consumer finance applications. Robert Malcolm, AutoTrakk president, explained that the proprietary software ... [Read More]
Northland Auto Enterprises Selects Higher Turnover for Dealer Web Design
Wednesday, Sep. 13, 2006, 12:00 AM
Nick Zulovich
PORTSMOUTH, Va., and BURNSVILLE, Minn. — Higher Turnover recently announced it has been selected by Northland Auto Enterprises as their premium dealer Web site solutions provider. In addition to other services, Northland Auto Enterprises also offers a Rent'T'Own program as ... [Read More]
Carbiz Announces Speaker Lineup for Dealer Conference
Wednesday, Sep. 13, 2006, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Carbiz has announced the speaker list for its 2006 professional development conference for dealers Nov. 5-7, at the Sirata Beach Resort on the Gulf of Mexico in St. Pete Beach, Fla. Speakers include: — Ken Shilson, founder ... [Read More]
Ad Deadline for Inaugural SubPrime Auto Finance News Next Week
Wednesday, Sep. 13, 2006, 12:00 AM
Nick Zulovich
CARY, N.C. — The advertising deadline for the first print edition of SubPrime Auto Finance News is early next week, so act fast as space is filling up. SubPrime Auto Finance News will offer articles featuring such industry players as ... [Read More]