TORONTO -- DealerAccess Canada announced it has launched the eF&I Certified Finance Interface with Reynolds and Reynolds Canada as an enhanced bidirectional interface between the REYNOLDSYSTEM and the DealerAccess portal. Executives noted that the interface of DealerAccess with the REYNOLDSYSTEM has been officially... Read More

SOUTHFIELD, Mich., and FORT WORTH, Texas -- Credit Acceptance Corp. recently announced the completion of a $50-million credit facility, while AmeriCredit announced its 55th asset-backed securitization for $1.2 billion. Credit Acceptance Corp. said it completed a $50-million credit facility with Variable Funding Capital... Read More

Manheim Automotive Financial Services to Expand

ATLANTA -- Manheim Automotive Financial Services, working in conjunction with Manheim's Orlando Orange County Auto Auction, announced the opening of its first satellite office in Jacksonville, Fla. Executives said this new office will provide dealers all the services that traditional auction locations offer, including... Read More

DALLAS -- The board of managers of Drive Financial Services announced that Banco Santander Central Hispano has entered into an agreement with HBOS and selected members of Drive management to acquire a 90 percent ownership stake in the company. Despite this, sources inside Drive said business will continue as... Read More

IRVINE, Calif. -- Thirty-seven percent of today's in-market vehicle buyers said they see zero-percent financing as the most appealing incentive available, up 11 percent from last year, according to Kelley Blue Book's New-Vehicle Buyer Attitude Study on Vehicle Purchasing and Pricing released today. The study also... Read More

DriveTime Helps Disadvantaged Schools

PHOENIX, Ariz. -- In 2003, DriveTime created a program to donate dollars and volunteer time to disadvantaged schools, which the company classifies as schools without local funding for necessary repairs, little or no parental involvement and failing test scores. The SchoolTime program began with two pilot schools in... Read More

NADC Plans F&I Compliance Workshop

HANOVER, Md. -- F&I compliance will be the topic of a daylong workshop presented by the National Association of Dealer Counsel at the Four Points Sheraton BWI Airport in Baltimore, Nov. 10, according to officials. The workshops will be held from 9:30 a.m. to 5 p.m., and the sessions will include: Common but Dangerous... Read More

MEDFORD, Ore. -- Lithia Motors recently announced it has signed a new credit facility that will be funded by US Bank, DaimlerChrysler Financial Services and Toyota Financial Services. All three lenders will participate equally in the credit facility, according to executives. Lithia said the new credit facility will be... Read More