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NewsFebruary 11, 2011

CUDL and 700Credit Forge Partnership

700Credit LLC, a provider of credit reporting and compliance products and services, has partnered with CUDL, a provider of indirect and point-of-purchase auto lending solutions to the credit union industry.

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NewsFebruary 8, 2011

Ally Financial No. 1 in U.S. New-Vehicle Financing, Reports Experian Automotive

Ally Financial has financed more consumer new-vehicle purchases in the United States than any other lender during 2010, according to AutoCount data by Experian Automotive.

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NewsFebruary 8, 2011

SBA Re-launches Dealer Floor Plan Pilot Loan Program

A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships was re-launched today, Feb. 8, the Small Business Administration announced. The program will run through Sept. 30, 2013.

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NewsFebruary 8, 2011

CUDL Unveils New Dealer Portal Site at 2011 NADA Convention

CUDL, administrators of the nation’s largest auto lending network for credit unions and the CUDL AutoSMART vehicle shopping Website, premiered its new dealer portal Website at the 2011 NADA Convention and Expo.

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NewsFebruary 8, 2011

Chrome Systems Unveils Vehicle Payment Calculation Service

Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., announced the launch of PaymentDriver, a solution offering an online finance payment calculation service for automotive industry portals and Websites.

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NewsFebruary 8, 2011

Prestige Financial Services, OnlineBKmanager.com Partner to Assist Subprime Dealers

Prestige Financial Services and www.OnlineBKmanager.com have partnered to help dealers efficiently deliver vehicles and supply financing for bankruptcy customers. Through this alliance, Prestige Financial Services’ Dealers Partners can receive a package discount on www.OnlineBKmanger.com services.

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NewsFebruary 3, 2011

Wolters Kluwer Endorsed by Louisiana Automobile Dealers Association

Wolters Kluwer Financial Services has been added to the Louisiana Automobile Dealers Association (LADA)’s list of endorsed companies.

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NewsFebruary 1, 2011

Ally Sees 72 Percent Increase in Originations in 2010

Ally Financial Inc. (Ally) today reported its fourth consecutive quarter of profitability with net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5 billion for the year-ago period.

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NewsFebruary 1, 2011

Ford Credit Reports Preliminary Earnings of $2 Billion in 2010

Ford Motor Credit Company reported net income of $2 billion in 2010, an improvement of $0.7 billion from earnings of $1.3 billion a year earlier.

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Articlesby Joan ShimJanuary 31, 2011

Lexus Giant Adapts to the Times

The magazine takes a look inside the world’s largest Lexus dealership to learn how a new approach to F&I, CPO sales and online marketing helped it survive the Great Recession.

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