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DriveTime Moves to New Loan Servicing Center, Adds 400 Employees
Thursday, Feb. 1, 2007, 12:00 AM
Nick Zulovich
PHOENIX — DriveTime recently announced it is moving its loan services and operations center from Gilbert, Ariz., to a larger facility in Mesa, Ariz. The company also said it plans to hire 100 employees for the new center in the next ... [Read More]
Burns Named Chief Legal Officer for Drive Financial
Thursday, Feb. 1, 2007, 12:00 AM
Nick Zulovich
DALLAS — Eldridge Burns Jr. has been named chief legal officer and general counsel for Drive Financial Services. Executives said Burns came to Drive after serving as vice president and senior corporate counsel for Blockbuster, where he managed real estate, mergers ... [Read More]
Carfax ServiceLink Retains Service to Promote Dealers, Company Offers Flooded-Vehicle Stats
Thursday, Feb. 1, 2007, 12:00 AM
Nick Zulovich
CENTREVILLE, Va. — From free advertising for their service department to helping their customers lift the resale value of their vehicle by about 15 percent, dealerships have much to gain by registering their maintenance records with the Carfax ServiceLink program, at ... [Read More]
Experian Shares Trends in Borrowing
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Experian Consumer Direct recently discovered that the percentage of consumers opening new auto loans has declined 17.5 percent from 2001. However, the company also reported that the percentage of consumers at least 90 days late on a payment ... [Read More]
Pavlicek Leaves AmeriCredit, Company Goes Full-Spectrum
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit officials confirmed Wednesday that Gayle Pavlicek, former senior vice president of remarketing, has left the company to start her own business. Taking over the reins for the interim will be Scott France, executive vice president ... [Read More]
First Advantage Credco Verifies Half a Million Identities
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage Credco, a wholly owned subsidiary of First Advantage Corp., announced that BuyerID has assisted dealers in verifying more than 500,000 consumer identities in more than 1,100 dealerships nationwide since it was launched in late May. BuyerID ... [Read More]
Chrysler Financial Joins Oxlo’s Dealer Integration Network
Thursday, Jan. 25, 2007, 12:00 AM
Nick Zulovich
BROOMFIELD, Colo. — Oxlo Systems and Chrysler Financial announced they have partnered so Oxlo can provide Chrysler Financial with integration services for the captive's new Star compliant AutOrigination. Oxlo said it will work with DMS and F&I application vendors to ensure ... [Read More]
Inventory Costs, Underwriting, Collection Practices Take Spotlight at NABD Conference
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
ATLANTA — As collectors, dealers and vendors converged on Manheim's DRIVE Center for the National Alliance of Buy-Here, Pay-Here Dealers Collection conference last week, one overall theme of the event quickly became clear from the presenters and panelists — the buy-here, pay-here ... [Read More]
Prestige Financial Accelerates National Expansion
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
SALT LAKE CITY — After more than a decade of growth and strong portfolio results as a regional niche auto lender, Prestige Financial Services announced it is going national. The company said it specializes in high non-prime through the deep subprime ... [Read More]
ADI Honored with AFIP’s Eagle Award
Thursday, Jan. 18, 2007, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute said it was recently recognized by the Association of Finance and Insurance Professionals for its contributions to the F&I industry. AFIP's F&I Eagle Award is given to those who make a commitment to compliance, ... [Read More]