National Loan Exchange Shares 3Q Market Trends

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 the year," explained David... 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 the seventh installment of the Stagecoach Award. It was first awarded... 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 NABD. The benchmarks will feature statistics such as: which... 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 loans. Commenting on the new... Read More

Flex Fund Searches for VP of Ops.

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 the company continue to develop its growing floor... Read More

Payment Protection Systems Merges with Sekurus

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

MAFS Names New Vice President

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 and the independent auction... 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 in the subprime... Read More