Tuesday, October 31, 2006 - 7:00pm

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

Tuesday, October 31, 2006 - 7:00pm

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

Tuesday, October 31, 2006 - 7:00pm

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

Tuesday, October 31, 2006 - 7:00pm

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

Tuesday, October 24, 2006 - 8:00pm

IRVINE, Calif. -- AWG Remarketing (www.awgremarketing.com  and www.bidiax.com) recently launched SubPrime Pro in its V3 used car inventory optimization system. Brad Greenwald, chief executive officer of AWG, said V3 is a system that allows dealers to manage all aspects of their business, including inventory, sales,... Read More

Tuesday, October 24, 2006 - 8:00pm

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 it is given... Read More

Tuesday, October 24, 2006 - 8:00pm

McLEAN, Va. -- Capital One Auto Finance's involvement in the auto lender market has expanded throughout the years since the company first entered the business in 1998 with the purchase of subprime lender Summit Acceptance Corp. Not long after first entering the market, Capital One expanded the spectrum it finances... Read More

Tuesday, October 24, 2006 - 8:00pm

SCOTTSDALE, Ariz. — The Automotive Dealers Institute announced it is expanding its traditional classroom to include an online program, which is designed to meet the needs of busy dealership professionals. After two years in development, the program now gives students the option to complete the entire... Read More