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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 4, 2010

Open Dealer Exchange Signs ACC

Automotive Credit Corporation (ACC) struck an agreement with Open Dealer Exchange LLC to provide a direct connection from a franchised dealership’s dealer management system (DMS) to ACC’s loan origination system.

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NewsJune 3, 2010

Auto Incentives Fall in May as Inventory Dwindles

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,603 per vehicle sold in May 2010, down $28, or 1.1 percent, from April 2010, and down $340, or 11.6 percent, from May 2009.

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NewsJune 2, 2010

Allstate Dealer Services President Tony Wanderon to Speak at 2010 VSCAC

F&I and Showroom magazine is proud to announce the selection of Tony Wanderon, president of Allstate Dealer Services, as a keynote speaker at the 2010 Vehicle Service Contract Administrators Conference (VSCAC).

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NewsJune 1, 2010

Toyota’s Recalls Cause Decline in New-Car Leads

Toyota's recalls continue to have a negative impact on sales activity, according to a recent Cars.com consumer lead index. Leads for Toyota vehicles declined nearly five percent year over year on Cars.com, and interest in the brand's vehicles continues to slip month over month.

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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

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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NewsJune 1, 2010

DealerTrack Upgrades Compliance Solution With Dashboard Tool

Software provider DealerTrack Inc. enhanced its compliance solution with the addition of the new Compliance Dashboard tool, which provides an overview of compliance-related activity on a dealership's current deals on a single screen.

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Articlesby Gregory ArroyoJune 1, 2010

Where Do You Stand?

The F&I Forum comes up with a starting point for finance reform. The editor offers his opinion as well.

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