SARASOTA, Fla. — CarBiz announced that it has received a dealer license for the state of Nebraska. With this approval, the company said it has begun full operations at two Nebraska locations in Omaha. "CarBiz became the fourth largest buy-here, pay-here business ... [Read More]

WASHINGTON, D.C. — According to the Federal Reserve, consumer credit increased at an annual rate of 7.5 percent in November. Meanwhile, revolving credit increased at an annual rate of 11.25 percent and non-revolving credit increased at an annual rate of 5 ... [Read More]

CAMBRIDGE, Mass. — A recent report from the National Bureau of Economic Research analyzed the trends of subprime auto defaults at a large U.S. financial institution. The data taken into account during the analysis included applications and sales from June 2001 ... [Read More]

SOUTHFIELD, Mich. — Late last week, GMAC Insurance announced it is launching new additions to its suite of technology-based solutions for dealers. Combined with ongoing training and support, IntelliMenu(SM) and IntelliTracker(SM) provide a state-of-the-art, custom-designed, menu-selling process with the potential to ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced today that it is entering the new year with 250 finance sources signed to its Web-based credit application management system, up nearly 75 percent from early 2007. "The tremendous growth in the number of finance ... [Read More]

SARASOTA, Fla. — ACH Collector is the latest addition to the Leedom Group's growing list of product offerings, and is designed to enhance profitability for buy-here, pay-here operators by taking full advantage of the technology their customers are already using. ACH ... [Read More]

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has taken its F&I management training program beyond the classroom with the addition of an e-learning program.   "This Web-based F&I management course allows busy professionals to pursue their educational goals without having ... [Read More]

CHICAGO — In a time when the mortgage downfall remains top news, and word of a recession is cautiously thrown about by commentators, two recent studies took a look at how American finances are fairing. Overall, the studies discovered that consumers ... [Read More]

POWAY, Calif. — First Advantage CREDCO announced Wednesday that it will be providing a suite of prospect lead solutions to Market Scan, a leader in vehicle desking technology for the auto market. Under the agreement, dealers using the Market Scan Desking ... [Read More]

FARMINGTON HILLS, Mich. — This week, RouteOne announced it has completed integration with MJL Enterprises. The RouteOne/MJL Enterprises integration is now available to dealers in the U.S. and Canada, executives indicated. Utilizing MJL Enterprises' program FIRST (Finance & Insurance Reporting & ... [Read More]