Credit Acceptance Revamps Web Site

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently launched an updated corporate Web site, which is designed to better benefit dealer clients, investors and customers. The new site was created to be easier to navigate via an updated graphical layout, enhanced functionality and expanded content, executives... Read More

PHOENIX, Ariz. — Dealers Auto Auction of the Southwest announced it has created an exclusive subprime lease and repossession lane for its lender clients to run vehicles. These lenders include Lobel and Westlake Financial, in addition to six other subprime lenders, with more to come. Stephanie Gingras, the... Read More

Drive Financial Joins RouteOne

FARMINGTON HILLS, Mich. — RouteOne announced this morning that Drive Financial Services, which works in the nonprime indirect auto finance industry, has joined the growing number of finance sources on its platform. Drive Financial is a privately held company owned by Grupo Santander, which is the seventh largest... Read More

HUNTINGTON BEACH, Calif. — A Triad Financial Corp. spokesperson told SubPrime Auto Finance News this week that company officials have decided to relocate remaining operational functions to their facility in North Richland Hills, Texas. After reviewing business, executives determined the move makes sense and will... Read More

CPS Sets New Contract Origination Record

IRVINE, Calif. — In addition to discussing second-quarter financial results, Consumer Portfolio Services' officials explained exactly how their business works in their annual report. The company is an indirect specialty finance lender working in the subprime arena. For the second quarter of this year, CPS... Read More

Hudson Cook Teams Up with GMMDA

HANOVER, Md. — The Hudson Cook law firm announced a new relationship with the General Motors Minority Dealers Association. Hudson Cook, a leading law firm for the auto industry, will begin providing legal services to the GMMDA, writing articles for publication in the association's newsletter, "The Spark... Read More

CHESTER, Pa. — Wells Fargo Auto Finance announced it has appointed Todd Cooper, Scott Micale and David Reynolds as divisional vice presidents. During his 17 year career with Wells Fargo, Cooper has held numerous assignments in sales and credit. Cooper will head the Northwest sales division and be based in Boise,... Read More

MenuVantage Adds Assurant to Network

ORLANDO, Fla. — MenuVantage announced that Assurant Solutions has joined its nationwide network of active F&I providers. The company joins more than 50 other providers, including Protective, A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial... Read More