MATTHEWS, N.C. — While many dealers may be more familiar with the national companies that support the subprime industry, the smaller, regional companies can be just as fruitful when it comes to getting that credit-challenged customer behind the wheel. Here's an ... [Read More]

LOS ANGELES, Calif. — Westlake Financial Services recently named Bruce Newmark as president. He succeeds James Vagim, who has served as Westlake's president since 1998. Prior to this new role, Newmark served as the company's chief operating officer, overseeing all aspects ... [Read More]

LAKE SUCCESS, N.Y. — Shortly after being awarded a U.S. patent related to its online credit application processing product, DealerTrack used the patent to file an additional patent infringement action against RouteOne and Finance Express in the U.S. District Court for ... [Read More]

Dear Industry Friends: We hope you're enjoying SubPrime Auto Finance News and our weekly e-newsletter, SubPrime News Update, as much as we enjoy producing them. As we approach the half-year mark, we want to thank everyone in the industry for ... [Read More]

DENVER, Colo. — When Centrix Financial was affected by regulatory actions against its primary clients, credit unions, several of the top executives behind the company decided to leverage their experience by branching out to establish a new indirect nonprime auto lending ... [Read More]

SAN RAMON, Calif. — BlueSky Marketing Group recently launched an online consumer auto finance center, "Powered By myAutoloan.com." The "Powered By" Web site, blueSkyautofinance.com, provides consumers online auto finance solutions and franchise auto dealers approved customers that are ready to buy. ... [Read More]

FORT LAUDERDALE, Fla. — Thanks to dealer demand, AutoUSA recently introduced a new program that provides special finance leads to its dealer partners that work in the subprime industry. "Providing special finance leads to dealers is a brand new service for ... [Read More]

FORT WORTH, Texas — According to AmeriCredit, the company is making progress with its integration of Bay View Acceptance Corp.  "We have combined the marketing of our core subprime credit products and specialty prime Bay View products in approximately half of ... [Read More]

PLANO, Texas, and NEW ORLEANS — Local officials and executives from Capital One Financial Corp. recently broke ground on the company's new corporate campus in Plano's Legacy business park. Capital One said the new campus will house its auto finance and ... [Read More]

TRENTON, Maine — Linnehan's USA Computer Systems announced it has named Jay Rose as the company's national sales director.  In this role, officials said Rose will be responsible for overseeing all aspects of the business related to the promotion and ... [Read More]