WASHINGTON, D.C. — Interest rates for new-car loans through auto finance companies dipped in the third quarter, coming in at an average of 3.24 percent, according to the Federal Reserve Board. More specifically, the measurement hit its lowest point of the ... [Read More]

WASHINGTON, D.C. — The American Bankers Association recently disputed some commonly held myths about the new bankruptcy law, which reached its one-year anniversary not long ago. Additionally, the association also discussed second-quarter late payments, including both direct and indirect auto ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is preparing for its two-day collection academy in Atlanta, Jan. 10-11 at the Manheim DRIVE Center. One of the highlights of this year's event will be some newly introduced benchmarks from ... [Read More]

CHESTER, Pa. — Wells Fargo Auto Finance recently announced the winners of its Stagecoach Awards for the third quarter. The recipients of this award were recognized as Wells Fargo Auto Finance's best dealers and selected from nearly 21,000. This is ... [Read More]

EDWARDSVILLE, Ill. — National Loan Exchange recently announced that aggregate asset class pricing is available for third-quarter sales. "Debt prices were steady/slightly higher throughout the third quarter despite a substantial increase in volume as compared to the first half of ... [Read More]

FORT WORTH, Texas — Discussing AmeriCredit's first-quarter results, Dan Berce, president and chief executive officer, said the company has expanded its 72-month term program, in addition to reporting business was off to a "solid" start for fiscal 2007. "Our primary competitors ... [Read More]

ATLANTA — Manheim recently named Jeff Bunch as vice president of sales and operations for Manheim Automotive Financial Services. In his new role, Bunch is responsible for overseeing national sales efforts for all MAFS products, field operations at all operating locations ... [Read More]

TEMECULA, Calif. — Payment Protection Systems, which manufacturers On Time, announced it has merged with Sekurus, whose products and solutions are used to secure and manage subprime auto loan portfolios of buy-here, pay-here dealers and financial institutions. Sekurus specializes in providing asset ... [Read More]

NEWPORT BEACH, Calif. — Flex Fund Financial Services, a provider of used-car inventory financing for both new- and used-car dealers, announced it is searching for a new vice president of operations. According to executives, the new position is designed to help ... [Read More]

NASHVILLE, Tenn. — CheckVelocity recently began partnering with auto finance companies, including buy-here, pay-here dealerships, to facilitate collection procedures. CheckVelocity said it has several programs, including VerifyNow, PayNow and RecoveryNow, which were created to verify a payment is valid once ... [Read More]