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Nov 13, 2008
Welcome to Special Finance eWeekly, your weekly source for the latest news and alerts from the world of subprime,
nonprime and nearprime automotive finance.
Nov 12, 2008
In another example of the credit crisis' impact on the auto industry, DealerTrack said the number of lender-to-dealer relationships declined by about 48,000 from the beginning of the year.
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Nov 12, 2008
Nissan Motor Acceptance Corp. (NMAC) president/CEO Steven Lambert has been elected chairman of the American Financial Services Association (AFSA) for the 2008-2009 term. Lambert will lead the trade association after more than 16 years at NMAC, where he has served as president/CEO since 2002.
full story
Nov 10, 2008
Dealer financing program provider Lender to Lender Financing LLC has announced the launch of Lender Franchise System, a new program designed to license territory or dealer group franchisees to finance nonprime customers.
full story
Nov 12, 2008
As declining sales and a tightening credit market continue to create a difficult environment for automotive retail, OnlineBKmanager.com's Robert Davies believes that tapping into an expanding discharged bankruptcy market may offer relief to subprime dealers.
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Nov 12, 2008
Friends, fellow dealers and other business owners have joined forces in an effort to win a zoning variance for used-car dealer Rick DiCresce after his attempted relocation was shut down by Town of Glenville officials, according to the Schenectady Daily Gazette.
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Nov 06, 2008
GPS technology provider PassTime has announced a new partnership with InTouch Inc., the Littleton-based tech startup firm that created the InTouch GPS platform. InTouch will integrate with the PassTime family of products, reflecting a growing commitment by PassTime to offer consumer-based products.
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Nov 07, 2008
A Canadian auto finance expert has announced the launch of Integrated Depreciation, a patented process which may allow nonprime and subprime customers to take advantage of zero-percent financing offers.
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Nov 12, 2008
Cars.com will host a free, hour-long Webinar entitled "From Online to the Store: Internet Advertising Drives Walk-in Traffic" at noon ET this Friday, Nov. 14. The content is based on a groundbreaking study the online retailer conducted to determine how third-party sites influence walk-in traffic and identify the advertising tactics that get shoppers into the dealership.
full story
Visit Special-Finance.com for more news
The November 2008 issue of Special Finance is currently mailing to readers. This issue includes a profile of a family of Dallas used-car dealers who found success in franchise sales, Part 2 of Randall McCathren's two-part series on lease-here, pay-here programs, a guide to structuring your BHPH portfolio for added cash flow and interviews with Patrick Colbert, First Advantage CREDCO's resident Red Flags expert, and Friendly Finance Corp.'s Steven Pittler.
For comments or questions regarding our eNewsletter and magazine or the special finance industry, please e-mail Special Finance senior editor Tariq Kamal at tariq.kamal@bobit.com.
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