Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Allied Solutions explains why origination is episodic, but servicing is continuous
John Elias, sales specialist in auto finance business development for Allied Solutions, is back as the guest for another sponsored episode of the Auto Remarketing Podcast. Elias explains why current market conditions, affordability pressures and changing vehicle values are combining ... Listen Here
Additional insight into FTC’s move involving disparate impact from Hudson Cook
The Federal Trade Commission recently announced it will not pursue claims based on disparate-impact or “unfair discrimination” theories. In this episode of the Auto Remarketing Podcast, Hudson Cook partners Erica Kramer and Rob Tilley offered some historical perspectives and a ... Listen Here
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here

Cox Automotive cautious about taking ‘sky is falling’ approach with repossessions

Smoke sees subprime delinquency & defaults rising
SubPrime Auto Finance News Staff
While acknowledging there has been some portfolio softening, Cox Automotive chief economist Jonathan Smoke cautioned about taking an approach “to create the view that the sky is falling.” Smoke explained his reasoning in a company podcast posted on Friday with ... [Read More]

Experian: Credit unions now pace all auto financing

SubPrime Auto Finance News Staff
Experian made the official declaration on Thursday. In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022, ... [Read More]

FTC sues to stop ‘interconnected web’ of service providers carrying robocalls pitching phony debt relief services

Minnesota AG sues dealer, Ignite warns of legal risk
SubPrime Auto Finance News Staff
The Federal Trade Commission recently sued to stop an “interconnected web” of operations responsible for delivering tens of millions of unwanted Voice Over Internet Protocol (VoIP) and ringless voicemail (RVM) phony debt service robocalls to consumers nationwide. The Department of ... [Read More]

EFG Companies unveils F&I Profit Guarantee to bolster dealers’ bottom lines

SubPrime Auto Finance News Staff
Oftentimes, compensation doesn’t arrive unless sales objectives are met or exceeded. EFG Companies is changing that situation. On Tuesday, EFG Companies announced the launch of F&I Profit Guarantee in which EFG compensates new clients if revenue goals are not met ... [Read More]

AutoAlert & 700Credit boost alliance for improved dealer experience

SubPrime Auto Finance News Staff
AutoAlert and 700Credit announced an expanded integration alliance on Tuesday. With this new alliance, AutoAlert has incorporated 700Credit’s credit reports, compliance, and prescreen platforms into its CRM platform, AutoAlert CXM, to provide a “seamless” dealer experience. AutoAlert CXM is an ... [Read More]

4 potential reasons why younger consumers are delinquent

SubPrime Auto Finance News Staff
An analysis by five experts at the Federal Reserve Bank of New York showed consumers in their 20s and 30s represent the age groups with the most auto finance contracts 90 days or more past due. Those fourth-quarter findings are ... [Read More]

FTC sees annual fraud figure jump by more than 30%

SubPrime Auto Finance News Staff
Newly released Federal Trade Commission data showed that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30% year-over-year. The FTC said consumers reported losing more money to investment scams — more than $3.8 ... [Read More]

9 finance companies asked to share info for CFPB auto finance data pilot

CFPB seeking more data about repossessions & contract modifications
SubPrime Auto Finance News Staff
The next step in building what the Consumer Financial Protection Bureau is calling its auto finance data pilot put the onus on nine finance companies. According to a bureau blog post pushed online Thursday, the CFPB said it issued orders ... [Read More]

4 firms dissect current trends that could impact auto financing

Lendbuzz gains $100M warehouse facility through MUFG
Nick Zulovich, Senior Editor
Experts from Cox Automotive, The Conference Board, iLending, S&P Global Ratings recently articulated several ingredients that could create headwinds for the auto finance market during the rest of the year. The ingredients ranged from the bandied about trends connected with ... [Read More]

Auto defaults rise for 9th time in 11 months

20230221-experian-graph for web
SubPrime Auto Finance News Staff
Interest rates have been rising for more than a year, and auto defaults are on a similar trajectory. S&P Dow Jones Indices and Experian now have seen auto defaults climb nine times in the past 11 months. According to data ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X