ffNEW YORK — Several industry professionals banded together in early 2006 to found Wolters Kluwer Financial Services as an offshoot of a large global company. The financial services division of Wolters Kluwer specializes in lessening the compliance risk to dealers and financial institutions by providing a wide... Read More

CENTREVILLE, Va. — From free advertising for their service department to helping their customers lift the resale value of their vehicle by about 15 percent, dealerships have much to gain by registering their maintenance records with the Carfax ServiceLink program, at least that's the word from Larry Gamache,... Read More

Burns Named Chief Legal Officer for Drive Financial

DALLAS — Eldridge Burns Jr. has been named chief legal officer and general counsel for Drive Financial Services. Executives said Burns came to Drive after serving as vice president and senior corporate counsel for Blockbuster, where he managed real estate, mergers and acquisitions, in addition to general... Read More

PHOENIX — DriveTime recently announced it is moving its loan services and operations center from Gilbert, Ariz., to a larger facility in Mesa, Ariz. The company also said it plans to hire 100 employees for the new center in the next several months, and add 300 more over the next three years. DriveTime said it... Read More

ATLANTA — Buy-here, pay-here and special finance dealers had to tighten their belts during recent years as the wholesale cost of older units has risen, leading dealers to either lower their standards for purchases or charge their customers higher payments to cover the higher cost of inventory, according to... Read More

FORT WORTH, Texas — AmeriCredit officials confirmed Wednesday that Gayle Pavlicek, former senior vice president of remarketing, has left the company to start her own business. Taking over the reins for the interim will be Scott France, executive vice president of AmeriCredit's specialties side, executives told... Read More

Experian Shares Trends in Borrowing

IRVINE, Calif. — Experian Consumer Direct recently discovered that the percentage of consumers opening new auto loans has declined 17.5 percent from 2001. However, the company also reported that the percentage of consumers at least 90 days late on a payment for their auto loan is down 4.1 percent. According to... Read More

BROOMFIELD, Colo. — Oxlo Systems and Chrysler Financial announced they have partnered so Oxlo can provide Chrysler Financial with integration services for the captive's new Star compliant AutOrigination. Oxlo said it will work with DMS and F&I application vendors to ensure Chrysler Financial's... Read More


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