GARDEN CITY, N.Y. — Chase Custom Auto Finance is coming on strong in the industry. According to officials, this segment of business almost doubled its production in 2006, and posted record results in the first quarter of 2007 in both performance ... [Read More]

DENVER, Colo., and TRENTON, N.J. — In preparation for an upcoming hearing in the U.S. District Court of Colorado, Robert Sutton, former Centrix Financial chairman and chief executive officer, and representatives from Everest National Insurance Co., and its related company, Everest ... [Read More]

ATLANTA — BenchMark Consulting International announced it has launched Business Intelligence Powered by Benchmark, which company executives said can provide financial institutions with the ability to complete timely comparisons to highlight best practices for consumer and auto lending. More specifically, BenchMark ... [Read More]

FARMINGTON HILLS, Mich. — In addition to other announcements, RouteOne said it added WFS Financial, now Wachovia Dealer Services, to its lender platform. WFS Financial has about 12,500 dealer relationships nationally, according to officials. Moreover, WFS Financial is ranked as the ... [Read More]

ATLANTA — In a recent conference call, Tom Webb, Manheim's chief economist, discussed the bottom dropping out of the subprime mortgage market, saying there will be no similar trend occurring in the subprime auto lending market. "Let's face it, a lot ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive announced it now provides the AutoCount Risk Report, which is designed to combine key market share information along with Experian's credit scoring to help lenders increase their auto loan offerings with dealers. "The AutoCount Risk Report ... [Read More]

LAKE SUCCESS, N.Y. — In addition to announcing the addition of Desk Log to its SalesMaker profit management system, DealerTrack said that the number of active financing sources connected to the platform has reached 350. Among the recent additions is Maserati ... [Read More]

NEW YORK — February delinquency results were a mixed bag for U.S. auto ABS. It was subprime performance that actually showed improvement while prime delinquency and annualized net losses reversed and produced weaker performance, according to Fitch Ratings in its latest ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the ... [Read More]

FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure ... [Read More]