Exeter Finance is in a celebratory mood and rightfully so. The non-prime auto finance company now has originated contracts with 1 million customers since it was founded in 2006. To commemorate this milestone, Exeter identified its 1-millionth customer as Raul ... [Read More]

While the number of accounts TransUnion classifies as being in some form of financial hardship status closed the year below a peak registered soon after the onset of the pandemic, the level remains notably elevated and isn’t softening at the ... [Read More]

Alex “SkipGuru” Price returned to the Auto Remarketing podcast to discuss one of the subjects he knows best: skip-tracing. Now the director of training and development for LocateSmarter, a data and analytics company, Price described how the pandemic has impacted ... [Read More]

Line 5, which partners with dealers to fund vehicle protection plans at all points along the credit spectrum, recently announced an integration with the technology solutions experts at TecAssured. TecAssured is a leading provider of innovative technology solutions for the ... [Read More]

Looking through the prism of the public asset-backed securities market (ABS), both S&P Global Ratings and Kroll Bond Rating Agency (KBRA) spotted deterioration when analysts examined subprime auto financing. However, the softening didn’t trigger an extreme reaction from experts, with ... [Read More]

At the onset of the pandemic, many industry pundits made comparisons to the Great Recession; though we quickly learned that the similarities were few and far between. The underlying causes and economic impact of COVID-19 are vastly different from those ... [Read More]

The American Financial Services Association, in collaboration with the Illinois Financial Services Association, the Independent Finance Association of Illinois and the Illinois Automobile Dealers Association, sent a letter on Friday to Gov. J.B. Pritzker to state their “grave concerns” about a ... [Read More]

Portfolio chief sales officer Dan Haugen has retired in a move effective Dec. 31. And the F&I solutions provider didn’t have to look far for a replacement, turning to David Neuenschwander, president of National Automotive Experts and NWAN, the Strongsville, ... [Read More]

A day after the director of the Consumer Financial Protection Bureau resigned, the chairman of the Federal Trade Commission made the same decision. FTC chairman Joseph Simons announced his resignation from the agency on Thursday. While the decision to leave ... [Read More]

While Cox Automotive discovered a bit of improvement in vehicle affordability, one of its divisions determined that credit availability is tightening when compared to a year ago as well as before the pandemic intensified. According to the Dealertrack Auto Credit ... [Read More]