SANTA MONICA, Calif. — Due to the popularity of the Internet, Scott Painter, chief executive officer of Zag, predicts that at least one-third of today's dealers will be out of business in five to 10 years. According to Painter, the ... [Read More]

WASHINGTON D.C. — The U.S. economy will see continued moderate growth through 2008 as the housing market stabilizes, according to the American Bankers Association Economic Advisory Committee. The committee agreed that the drag from homebuilding will fade and that overall ... [Read More]

DALLAS — Manchester recently announced it has appointed a senior vice president of operations, a senior vice president and chief accounting officer, and a communications director. The company recently named Rex Gossett as senior vice president of operations. His focus ... [Read More]

ORLANDO, Fla. — Aimbridge Lending Solutions, an integrated provider of multi-channel, multi-lender auto buying and lending services, announced it has introduced an expanded suite of direct lending products at the Florida Credit Union League Annual Convention and Exposition. AimbridgeConnect said ... [Read More]

IRVINE, Calif. — The average balance of an open auto loan is $15,654, according to a study released this week by Experian Consumer Direct. The company also discovered that 28 percent of the U.S. population, based on 2000 Census results, ... [Read More]

BATON ROUGE, La. — AppOne announced it has partnered with Thrifty Car Sales. As part of this relationship, AppOne said it will provide its auto financing platform to Thrifty Car Sales dealers, with several programs specifically tailored to the needs ... [Read More]

WASHINGTON D.C. — Chrysler Financial and the ASPIRA Association, a national non-profit organization devoted to the education and leadership development of Latino youth, recently announced they are partnering to provide a financial education and vehicle financing education program catered to ... [Read More]

WASHINGTON, D.C. — The American Financial Services Association announced that its 12th Vehicle Finance Conference and Expo is slated for Feb. 6 to 8 at The Palace Hotel in San Francisco, Calif. The meeting will take place just before the ... [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]