HARRISBURG, Pa. — Independent dealers in the Keystone State will now have the opportunity to meet and discuss examination and licensing issues with the Commonweath Department of Banking staff at education sessions hosted by the Pennsylvania Independent Auto Dealers Association. "We ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings recently announced that transactions processed through its DealerTrack network for the third quarter came in at 18.8 million, a 29 percent increase from about 14.6 million in the third quarter of 2005. DealerTrack Holdings ... [Read More]

PORTLAND, Ore. — Compli, the National Independent Auto Dealers Association and the American Financial Services Association recently offered input on the proposed Red Flag Rules to educate dealers and executives in the industry on the upcoming changes. Compli said it is ... [Read More]

HOUSTON — Everyone knows how important banks and financial institutions are to our national economy and to the capital markets. However, few people are aware of another emerging market called "alternative financial services," which now includes an estimated 80 million unbanked ... [Read More]

ALBANY, N.Y. — Chase Auto Finance announced it has opened a new Custom Finance Business Center in Albany to better meet the need of dealers in the upstate New York area. Anji Trinci will manage the new office at 1 Marcus ... [Read More]

LITTLETON, Colo. — PassTime recently announced a partnership with CAR Financial to connect both companies to a larger network of dealers. Additionally, PassTime said it has teamed up with Automatic Data Processing to provide disclosure forms through ADP's F&I eForms Library. ... [Read More]

SAN DIEGO — Subprime retail sales will continue to increase in the coming years, and the inevitable result — a rise in repossessions — will fuel growth in the subprime wholesale market, agreed a panel of subprime lenders at the National Remarketing Conference ... [Read More]

BATON ROUGE, La. — AppOne recently announced the release of Menu One, a new feature that displays enhanced financing options or aftermarket products through the company's Web-based portal. The company also said it has teamed with First Advantage Credco to provide ... [Read More]

DEARBORN, Mich. — Ford Credit Canada Limited announced that Ford Floorplan Auto Securitization Trust, a newly established securitization trust sponsored by Ford Credit Canada, has completed its initial public offering of asset-backed notes in Canada. The offering generated proceeds of approximately ... [Read More]

WESTLAKE VILLAGE, Calif. — The domestic automakers financing incentives earlier this year, which included zero-percent APR on 72-month loans even for subprime customers, are one factor contributing to the new popularity of 72-month loan terms in the new-vehicle financing business, according ... [Read More]