Wednesday, July 11, 2007 - 8:00pm

ENGLEWOOD, Calif. — Aimbridge Lending Solutions announced that one of its divisions, Denver-based Automotive Avenues, has teamed up with the Colorado State Employees Credit Union. The partnership is designed to continue the expansion of CSECU's auto lending program. "Automotive Avenues combines the... Read More

Wednesday, July 11, 2007 - 8:00pm

PORTLAND, Ore. — Compli announced the release of a new version of its Dealership Compliance Management System. According to officials, the company has 42,000 users of its products throughout the nation. "The new release of the Compli DCMS further streamlines automated compliance management and reporting... Read More

Wednesday, July 11, 2007 - 8:00pm

SARASOTA, Fla. — Carbiz is slated to host its 2007 professional development conference for dealers at the Grosvenor Resort at Walt Disney World in Orlando, Fla., this Oct. 28 to 31. Company officials invited dealers from throughout the country to participate in the event, saying it will include seminars and... Read More

Wednesday, July 11, 2007 - 8:00pm

HOUSTON — I recently completed an informal survey of many buy-here, pay-here dealer clients throughout the nation to develop a perspective on first-half sales and collections. This article summarizes that survey and looks ahead to the remainder of 2007. Most BHPH operators believe that customer liquidity and... Read More

Monday, July 9, 2007 - 8:00pm

FARMINGTON HILLS, Mich. — Once the Chrysler Financial sale is complete in the third quarter, DaimlerChrysler Financial Services Americas said the corporate staff supporting its Mercedes-Benz Financial and Truck Financial business units will move to a new location in Farmington Hills, Mich. The assets of Chrysler... Read More

Monday, July 9, 2007 - 8:00pm

HUNTINGTON BEACH, Calif. — Triad Financial Corp. announced it has appointed Mark Kelly as senior vice president of product development and risk management. In this position, he will oversee Triad's corporate lending strategy and risk practices. Kelly has more than 15 years' experience with financial... Read More

Monday, July 9, 2007 - 8:00pm

ATLANTA — Manheim Automotive Financial Services and CU Direct Corp. announced they have partnered to provide MAFS Advantage to credit unions. According to officials, the program will work to enhance business relationships between credit unions and independent dealers. Officials said credit unions can benefit from... Read More

Monday, July 9, 2007 - 8:00pm

WASHINGTON, D.C. — The Federal Reserve announced earlier this week that consumer credit increased at an annual rate of 6.5 percent in May. Meanwhile, revolving credit grew at an annual rate of 9.75 percent, and non-revolving credit was up 4.5 percent on an annual basis. Looking specifically at the average APR of... Read More