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Auto Financeby StaffNovember 3, 2011

Prestige Secures $30 Million Credit Line With Chase

The new line of credit from Chase will serve as one of two primary sources of short-term revolving liquidity to fund Prestige Financial Services’ consumer lending activities.

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Auto Financeby StaffNovember 3, 2011

Industry Realizes Best October Since 2007

Automakers enjoyed their best October since 2007, with U.S. auto sales rising about 8 percent from last October to 1.02 million, according to Autodata Corp.

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Auto Financeby StaffNovember 1, 2011

New Service Levels Playing Field for Single-Point Dealers

Dealers United introduced a new service in which it will act as the conduit for single-point dealerships to negotiate better terms and prices with vendors, and bring costs down through volume purchasing.

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Auto Financeby StaffNovember 1, 2011

Ally Introduces Financing Product With 48th Month Sell Option

Ally Financial Inc. debuted Ally Buyer’s Choice in five markets yesterday, a new financing product that offers the benefits of leasing but provides the advantages of owning a vehicle at a fixed rate and payment.

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F&Iby StaffNovember 1, 2011

Vince Tunzi Named Izmocars National Field Operations Manager

In his new post as national field operations manager, Vince Tunzi will oversee izmocars’ national consulting team and further expansion of the company’s process for accessory sales.

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Auto Financeby StaffNovember 1, 2011

Ford Credit President Appointed AFSA Chair

The American Financial Services Association announced that John Noone, Ford Motor Credit Company president, was appointed AFSA 2011-2012 chair.

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Auto Financeby StaffNovember 1, 2011

American Honda Finance’s Senior VP Honored With AFSA Award

The American Financial Services Association presented Stephen Smith, senior vice president of American Honda Finance Corporation, with the Distinguished Service Award during its 95th annual meeting in Washington D.C.

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Auto Financeby StaffNovember 1, 2011

Hyundai Leads CPO Consumer Interest on AutoTrader.com

AutoTrader.com announced that Hyundai captured five of the top 20 spots for certified pre-owned "Big Movers" on the Website in September.

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Digitalby StaffNovember 1, 2011

Drive Time Selects Inilex as GPS Solutions Provider

Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations.

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Auto Financeby StaffNovember 1, 2011

Mercedes-Benz Financial Services Moves Two Live Auctions Online

Mercedes-Benz Financial Services announced it is converting its Manheim Milwaukee and Manheim Dallas-Fort Worth live auction sites to exclusively online highline sale auctions.

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