ARLINGTON, Va. — In its annual report, which covers input from a variety of auto finance lenders, including several that work in the nonprime arena, the Consumer Bankers Association discovered that the average FICO score on a new vehicle has ... [Read More]

PHOENIX, Ariz. — DriveTime announced that it has filled two management-level positions. Tonsa Price-Edwards has joined the company as director of retail operations, and Deborah Powell will serve as director of human resources. "Our director of retail operations and director ... [Read More]

McLEAN, Va. — Capital One Auto Finance announced that it has successfully integrated all of its subsidiaries and will be going live June 18 with its new business model, which is designed to simplify the paperwork and stipulations dealers need ... [Read More]

HUNTINGTON BEACH, Calif. — Triad Financial Corp. announced it has promoted Daniel Leonard to president and chief executive officer. Leonard, 59, has been with the non-prime auto finance company since May 2003, serving as senior vice president of portfolio management, ... [Read More]

LAS VEGAS — More than 1,800 dealers, attendees and vendors registered for the National Alliance of Buy-Here, Pay-Here Dealers conference recently hosted in Las Vegas. More than 100 exhibiting sponsors filled the hall, meaning the event set new records, according ... [Read More]

MELVILLE, N.Y. — Quantum Auto Group recently announced a partnership with The Credit Union Loan Source to offer access to auto loans sourced from dealerships based along the Eastern Seaboard. More specifically, the deal will make indirect loan volume originated ... [Read More]

ATLANTA — With Auto Auction Services Corp.'s latest 4.0 version of LiveCRwriter, auctions gain more than just a detail, tune-up and new paint, officials explained. Now auctions will receive an inventory management tool that collects the usage patterns of condition ... [Read More]

TEMPE, Ariz. — NowAuto Group recently announced financial results for its third fiscal quarter. For this period, the company reported revenue of about $1.7 million, compared with about $3.6 million in the previous year. "Revenue declines were in line with ... [Read More]

LOS ANGELES — Nowcom Corp., a leading provider of dealer management solutions, announced that, in response to demands from its customers, it has released Dealer Desktop 6.0. Officials pointed out their latest desktop version now features buy-here, pay-here options. "Dealer ... [Read More]

FT. LAUDERDALE, Fla. — Southern Auto Finance Co. announced it has teamed up with TCI to use its DecisionLender software to automate and improve SAFCo's indirect lending activities. SAFCo said it expects the new platform to be launched during the ... [Read More]