Flatiron Acquires Centrix Financial

DENVER — Flatiron Financial Services Inc. (Flatiron) announced that it has acquired substantially all the assets of Centrix Financial LLC pursuant to a sale/auction approved in the U.S. Bankruptcy Court for the District of Colorado. In a statement issued by Flatiron, the remaining Centrix assets are expected... Read More

FAYETTEVILLE, N.C. — Competition in the subprime market has never been fiercer as an increasing number of lenders are getting into this area and more franchised dealers are jumping in to improve their profit margins. No one is feeling this competition more than buy-here, pay-here dealers who have had to buy... Read More

PassTime USA Launches Elite

LITTLETON, Colo. — PassTime USA announced it has launched an Elite product with the help of its partner, Wavecom. The updated program uses a global system for mobile communications technology to offer wireless and GPS-based functions for its dealer and lender clients, officials explained. According to... Read More

AppOne Offers Overview of 2006 Growth

BATON ROUGE, La. — AppOne recently reported on its growth that occurred during 2006, saying it focused on increasing participation in its dealer and lender networks and continued the national rollout of its products and services. An overview of the company's expansion for the year included: —A... Read More

SOUTHFIELD, Mich. — Established 15 years ago in Michigan, Automotive Credit Corp. began by providing indirect lending services to a select group of dealers in the state. Today, the regional lender works with both franchised and independent dealers and has slowly expanded its geographic footprint from its... Read More

NEW YORK — Chase, Capital One and Wells Fargo recently released data showing how each company faired during the full-year and fourth-quarter. In each company's respective report, executives took time to discuss the performance of their auto finance segments. As results from larger, national players can in... Read More

Finance Express Responds to DealerTrack Lawsuits

RANCHO SANTA MARGARITA, Calif. — Finance Express reported that it responded to DealerTrack's lawsuits by filing counterclaims, which are pending in the court system.   The legal battle concerns the property rights over computer-implemented credit application routing systems and methods of managing... Read More

MAFS Introduces New Marketing Initiative

ATLANTA — Taking advantage of the recent President's Day, Manheim Automotive Financial Services rolled out a new marketing initiative throughout the company's auctions that features larger-than-life replicas of past presidents. MAFS officials said this is the first national advertising campaign the... Read More