CARMEL, Ind. — Indiana-based Dealer Services Corp., a portfolio company of Angelo, Gordon & Co., announced it has entered into a three-year, $700 million asset-backed financing agreement, which was structured and arranged by Deutsche Bank Securities. "Realizing the need for ... [Read More]

IRVING, Texas — Horizon Digital Finance, creator of myAutoloan.com, announced it recently launched a motorcycle finance platform called myMotorcycleloan.com. Officials describe the site as a direct-to-consumer, Internet-based financing marketplace that provides customers with online, real-time motorcycle loans. Customer applying for ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced its second annual DealerTrack Innovation Conference for general managers, auto financing executives and other auto professionals will be held Sept. 17 to 18 at the Paris Hotel & Casino in Las Vegas. According to ... [Read More]

HOUSTON — I recently completed an informal survey of many buy-here, pay-here dealer clients throughout the nation to develop a perspective on first-half sales and collections. This article summarizes that survey and looks ahead to the remainder of 2007. Most BHPH ... [Read More]

SARASOTA, Fla. — Carbiz is slated to host its 2007 professional development conference for dealers at the Grosvenor Resort at Walt Disney World in Orlando, Fla., this Oct. 28 to 31. Company officials invited dealers from throughout the country to participate ... [Read More]

PORTLAND, Ore. — Compli announced the release of a new version of its Dealership Compliance Management System. According to officials, the company has 42,000 users of its products throughout the nation. "The new release of the Compli DCMS further streamlines automated ... [Read More]

ENGLEWOOD, Calif. — Aimbridge Lending Solutions announced that one of its divisions, Denver-based Automotive Avenues, has teamed up with the Colorado State Employees Credit Union. The partnership is designed to continue the expansion of CSECU's auto lending program. "Automotive Avenues ... [Read More]

WASHINGTON, D.C. — The Federal Reserve announced earlier this week that consumer credit increased at an annual rate of 6.5 percent in May. Meanwhile, revolving credit grew at an annual rate of 9.75 percent, and non-revolving credit was up 4.5 ... [Read More]

ATLANTA — Manheim Automotive Financial Services and CU Direct Corp. announced they have partnered to provide MAFS Advantage to credit unions. According to officials, the program will work to enhance business relationships between credit unions and independent dealers. Officials said ... [Read More]

HUNTINGTON BEACH, Calif. — Triad Financial Corp. announced it has appointed Mark Kelly as senior vice president of product development and risk management. In this position, he will oversee Triad's corporate lending strategy and risk practices. Kelly has more than ... [Read More]