Experian Automotive reported that both 30-day and 60-day delinquencies stayed nearly steady as of the second quarter. Analysts indicated that the percentage of loans 30 days past due came in at 2.32 percent in Q2, down 5 basis points from a year earlier. The percentage of outstanding balances 30 days past due in Q2 stood […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Jeannie Chiaromonte, vice president/national remarketing manager at Bank of America. Auto […] [Read More]

Leasing continued to remain strong during the second quarter, according to the latest State of the Automotive Finance Market report that Experian Automotive released on Thursday. But after looking at those recent leasing deals being booked, dealers might have to wait a little bit longer for those vehicles to come back around as possible units […] [Read More]

There was a 4.79-percent increase in the Fitch Ratings auto lease residual value index in June, which was fairly close to the behavior shown in the prior six months. But here’s the thing: residual values were trending downward in the first half of the year, and that’s likely to be the case in the second […] [Read More]

Of the more than 30 educational and networking sessions on tap for the Debt Connection Symposium and Expo 2015, one of the highlights is the session geared specifically for the vehicle recovery space. Event organizers highlighted that the Auto Finance Peer Group breakout session is being set up to provide auto creditors the opportunity to meet […] [Read More]

The Fair Debt Collection Practices Act (FDCPA) is the focal point of the next online training session ACA International is hosting for its members to help credit and collection professionals stay up-to-date on the latest FDCPA case law on leaving messages, settlement offers and validation notices. Four topics will be covered by ACA International certified […] [Read More]

Swapalease.com reports lease credit approvals entering August rose as sharply as summertime temperatures, registering an increase of 17.5 percent above July activity. All told, the volume of vehicle lease applicants who were approved to take over a contract on the Swapalease.com marketplace during July came in at 84.6 percent. The site also noted the year-to-date […] [Read More]

Vendor Transparency Solutions (VTS), a leading compliance management system for the auto finance and recovery industries, now offers a comprehensive continuing education portal to its clients. The company insisted that it created the portal stemming from regulators requiring financial institutions and their service providers to conduct ongoing training for their employees to ensure knowledge of […] [Read More]

Even though S&P Dow Jones Indices and Experian just reported auto loan defaults still are near the all-time low, Digital Recognition Network is continuing to counsel finance companies about how its data can help not only during the recovery process, but also with mitigating risk during underwriting. DRN chief executive officer Chris Metaxas explained the […] [Read More]

In the State of the Automotive Finance Market report released Wednesday by Experian Automotive, Melinda Zabritski detailed the healthy trends being spotted in car financing through the second quarter of this year. Prior to this report, Zabritski shared a few other auto financing-related trends as part of Auto Remarketing’s annual Power 300 issue. Below is our […] [Read More]