Press Releases
 

Prestige Executes $390 Million Portfolio Securitization

11:53 am U.S. ET | April 2, 2014
Prestige Financial Services, Inc. has completed its twelfth and largest rated term securitization, issuing $390,000,000 in securities backed by $396,383,511 in automobile installment receivables. In a transaction led jointly by J.P.... Read More »
 

Ally launches "Four Weeks To Get Wise" challenge for consumers during Financial Literacy Month

10:21 am U.S. ET | March 26, 2014
DETROIT, March 25, 2014 /PRNewswire/ -- Ally Financial is challenging consumers to "Get Wise" about financial literacy this April with the start of its "Four Weeks to Get Wise" financial literacy initiative.... Read More »

Toyota Financial Services Issues Auto Industry’s First-Ever Asset-Backed Green Bond

9:09 am U.S. ET | March 26, 2014
TORRANCE, Calif., (March 24, 2014) – Toyota Financial Services (TFS) issued the auto industry’s first-ever Asset-Backed Green Bond in the amount of $1.75 billion. The offering was upsized from $1.25 billion to accommodate demand as institutional investors demonstrated strong interest in this inaugural clean transportation investment opportunity.... Read More »

CreditMiner and DealerLab Join Forces

12:01 am U.S. ET | March 26, 2014
 
... Read More »

MONTHLY PAYMENTS ON LEASE VEHICLES SEE PRICE INCREASES FROM A YEAR AGO

12:01 am U.S. ET | March 26, 2014
CINCINNATI, OHIO (March 25, 2014) – Swapalease.com, the nation’s largest car lease marketplace, reports that the average monthly payment for a car lease on the road in February is $591.70, up from last month’s average of $572.42 and compared with an average payment of $569.23 a year ago.
... Read More »

CPS Announces $180 Million Senior Subordinate Asset-Backed Securitization

12:20 pm U.S. ET | March 19, 2014
IRVINE, Calif., March 19, 2014 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq:CPSS) ("CPS" or the "Company") today announced the closing of its first term securitization in 2014. The transaction is CPS's 12th senior subordinate securitization since the beginning of 2011.
... Read More »

Spireon’s Automotive Solutions Group Announces New Affiliation with Sprint and CU Solutions Group

12:17 pm U.S. ET | March 19, 2014
IRVINE, Calif., and OVERLAND PARK, Kan. – March 18, 2014 – Spireon, the leading provider of Mobile Resource Management (MRM) and business intelligence solutions used by companies to maximize their mobile assets and workforce, announces an exciting new collaboration between the company’s Automotive Solutions Group, Sprint (NYSE:S) and CU Solutions Group (CUSG).... Read More »

SAFCo Implements defi SOLUTIONS LOS Technology

12:01 am U.S. ET | March 19, 2014
DALLAS -- (BUSINESS WIRE) --T exas-based defi SOLUTIONS today announced that auto finance company, SAFCo, Inc., has selected defi SOLUTIONS’ auto Loan Origination System (LOS) to help them quickly adapt their application processing to meet their dealer needs.
... Read More »

MileOne Automotive Deploys StoneEagle’s F&I Reporting Platform

12:01 am U.S. ET | March 19, 2014
Dallas, TX – March 18, 2014 – StoneEagle today announced that MileOne Automotive (MileOne), the largest automotive sales and service delivery network throughout Maryland, Pennsylvania, Virginia and North Carolina, has deployed the SEcureMetrics F&I and sales reporting platform in its dealerships.
... Read More »

New Cars Unaffordable in All But One Major Metro Area

9:24 am U.S. ET | March 12, 2014
CHICAGO - March 12, 2014 - A median-income household can only afford the average-priced new car or light truck in one of the 25 largest U.S. metropolitan areas, according to research released today by Interest.com.
... Read More »

Inilex Names Brad Walls Vice President of Corporate and Business Development

9:17 am U.S. ET | March 12, 2014
PHOENIX--(BUSINESS WIRE)-- Inilex, a leading provider of intelligent telemetry solutions for vehicles, is continuing to expand its executive team with the addition of Brad Walls as the company's vice president of corporate and business development.... Read More »

Exeter Finance Corp. Welcomes New Members To Executive Team and Board of Directors

8:31 am U.S. ET | March 12, 2014
IRVING, Texas, March 11, 2014 /PRNewswire/ -- Exeter Finance Corp. today announced that Steve Zemaitis has joined the company as Executive Vice President of Strategy and Planning. The company also announced that it has appointed A.J. Wagner to its Board of Directors, increasing the total number of directors to seven. Mr.... Read More »

The Top Ten Most Purchased Vehicles By Below-Prime Customers for 2013

12:01 am U.S. ET | March 12, 2014
IRVINE, Calif., March 10, 2014 /PRNewswire/ -- CarFinance.com today released data on the top ten new and used vehicle choices for its below-prime car buyers for 2013.[1] With below-prime car buyers predicted to be one of the driving forces behind U.S.... Read More »

Experian Automotive report shows auto loans are still first choice in financing, but leasing has become more popular than ever

12:09 pm U.S. ET | March 5, 2014
SCHAUMBURG, Ill., March 04, 2014 /PRNewswire/ -- Experian Automotive today announced that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006. According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.... Read More »

Ryan Schumacher Appointed VP of Finance, NAC & FFDS

8:56 am U.S. ET | March 5, 2014
WESTERVILLE, OH – The combined entity of National Auto Care Corp. (NAC) and Family First Dealer Services (FFDS), a leading administrator of vehicle service contract and ancillary products and programs, is excited to announce the appointment of Ryan Schumacher to Vice President of Finance. As Vice President of Finance, Mr.... Read More »

VisionMenu releases vRate to eRate multiple providers and multiple products simultaneously

12:01 am U.S. ET | March 5, 2014
Ft Wayne, IN - March 3rd 2014 - VisionMenu will release vRate™ at the upcoming Agent Summit in Las Vegas, March 10-12. This unprecedented "new feature" of VisionMenu allows the user to rate multiple providers and multiple products simultaneously.... Read More »

Toyota Financial Services Drives Efficiency with Automotive Loan Origination System from Fiserv

12:01 am U.S. ET | Feb. 26, 2014
Fiserv, Inc.... Read More »

MANHEIM SIGNS AGREEMENT TO PURCHASE STAKE IN GO FINANCIAL

12:01 am U.S. ET | Feb. 26, 2014
ATLANTA – NextGear Capital customers who want easier and faster sales financing for subprime customers will have it, as a result of Manheim signing an agreement to purchase an equity stake in Go Financial, a subprime auto finance company.... Read More »

CU Direct Connect Launches New Website with Consumer Benefits

12:01 am U.S. ET | Feb. 26, 2014
CENTENNIAL, Colo.--(BUSINESS WIRE)--CU Direct Connect (CUDC), a leader in the Colorado automotive lending market providing indirect auto lending services to credit unions and auto dealers, announced today the launch of its newly revamped website developed with the end-consumer in mind.... Read More »

Enterprise Car Sales Drives Record $435 Million in Credit Union Auto Loans

12:01 am U.S. ET | Feb. 26, 2014
ST. LOUIS (Feb. 20, 2014) – Last year, Enterprise Car Sales generated a record $435 million in auto loans for credit unions throughout the U.S. This marks an increase of more than 12 percent over 2012 loan volume, with more than 26,000 loans offered through Enterprise’s credit union partners last year.... Read More »

IAS And First Dealer Resources Companies Join Forces

10:52 am U.S. ET | Feb. 19, 2014
 
 
 
AUSTIN, Texas, Feb.... Read More »

CU Direct Connect Launches New Website With Consumer Benefits

10:49 am U.S. ET | Feb. 19, 2014
Centennial, CO - CU Direct Connect (CUDC) a leader in the Colorado automotive lending market provides indirect auto lending services to credit unions and auto dealers, announced today the launch of its newly revamped website developed with the end-consumer in mind.... Read More »

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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