GMAC is focusing on two new initiatives — daily dealer auctions of off-lease vehicles and instant clearances of loan and lease applications on an upgraded web site.

A record number of vehicles are pouring in off-lease this year for all providers, and GMAC is counting on its auction web site to facilitate their disposal back to GM dealer used-car lots.

GMAC's nonprime Nuvell division is participating in the speedy loan application system online. Nuvell Executive Vice President Marty Mattone says a special subvented rate as low as 9.9% was in effect in all 50 states on GM brands and non-GM brands sold by GM dealers.