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NewsJune 7, 2010

Interest Rates Drop for Second Consecutive Month, Federal Reserve Says

Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.

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NewsJune 7, 2010

VINtek Names Former GMAC Senior Analyst Fran Herz as Operations Manager

VINtek, a provider of auto finance services and solutions for lenders, today announced that Fran Herz, formerly of GMAC, has joined VINtek as operations manager.

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NewsJune 4, 2010

Safe-Guard Names Orlando Zayas as President

Safe-Guard Products International LLC announced Thursday that it named Orlando J. Zayas as president of the company. Company founder Douglas A. Duncan will remain as chairman and chief executive officer.

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NewsJune 3, 2010

Mercedes-Benz Financial Equips Dealers With the Apple iPad

Mercedes-Benz Financial is now taking its mobile strategy to the showroom floor by putting the Apple iPad into the hands of its dealers and giving them mobile access to its proprietary point-of-sale dealer system called MB Advantage.

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NewsJune 1, 2010

Fitch Upgrades AmeriCredit Corp.'s Rating to B+

Fitch Ratings upgraded the long-term issuer default rating (IDR) of AmeriCredit Corp. to 'B+' from 'B-' and the senior debt rating to 'BB-/RR3' from 'B/RR3'. The rating outlook is stable. Approximately $532.6 million of debt, at par, is affected by this action.

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NewsJune 1, 2010

Study Shows Auto Accessories Sales Rely on Timing and Visualization

A new study released by izmocars, a provider of automotive business solutions, revealed that timing and rich presentations make all the difference when it comes to selling accessories to new-vehicle buyers.

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NewsJune 1, 2010

Chase Opens New Auto Finance Office in Pittsburgh

Chase Auto Finance opened a new Custom Finance office in Pittsburgh to meet the subprime financing needs of auto dealers in western Pennsylvania.

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NewsMay 25, 2010

Kontos: Used-Vehicle Values Near Tipping Point

ADESA’s chief economist reported that the steady growth of wholesale used-vehicle values slowed in April but may have already begun to push car buyers toward new-vehicle purchases.

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NewsMay 25, 2010

Auto Financial Group Adds Extended Terms to DrivingSense Program

Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, has added extended terms to its DrivingSense program.

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NewsMay 24, 2010

Chase Opens New Auto Finance Office in Des Moines

Chase Auto Finance announced Monday that it opened a new Custom Finance office in Des Moines, Iowa, to serve the subprime financing needs of dealers in the central Plains area.

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