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Tuesday, Oct. 8, 2024, 10:11 AM
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Wednesday, Oct. 9, 2024, 10:59 AM
Automotive Risk Management Partners tries to see potential positives from CARS Rule
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As down payments climb, likelihood of another federal stimulus dims on Capitol Hill
Friday, Sep. 11, 2020, 02:41 PM
Nick Zulovich, Senior Editor
Edmunds shared data with SubPrime Auto Finance News that average down payments in August climbed by more than $400 on new-car deals and by nearly $700 on used-vehicle transactions. Experts and surveys both pointed to how previous federal government stimulus ... [Read More]
Free ZipDeal eBook gives strategy to increase F&I profits, improve cash flow, boosts CSI
Wednesday, Sep. 9, 2020, 03:36 PM
SubPrime Auto Finance News Staff
Less than a month after launching its F&I solution, ZipDeal this week unveiled a free eBook the company said was created to help dealers combat the erosion of front-end profits on new and used vehicles with a customer-driven, digital vehicle ... [Read More]
DOWC names Silas as director of sales
Wednesday, Sep. 9, 2020, 03:34 PM
SubPrime Auto Finance News Staff
Dealer Owned Warranty Co. recently promoted industry veteran Gene Silas as director of sales. The provider and administrator of F&I products and services said Silas brings a wealth of experience and dealer relationships to his new role at DOWC. Following ... [Read More]
FTC shuts down 4 dealerships previously charged with falsifying financing documents
Tuesday, Sep. 8, 2020, 01:51 PM
SubPrime Auto Finance News Staff
Just before the holiday weekend, the Federal Trade Commission announced a group of dealerships in Arizona and New Mexico must cease business operations. It’s all part of a court-approved settlement resolving charges the regulator made two years ago that the ... [Read More]
Chambers USA honors 19 McGlinchey Stafford attorneys, 8 practice areas
Friday, Sep. 4, 2020, 01:45 PM
SubPrime Auto Finance News Staff
A firm highlighted among the Special Finance 175 — McGlinchey Stafford — recently announced that 19 attorneys and eight of its practice areas have been recognized in the 2020 edition of Chambers USA – America’s Leading Lawyers for Business. Each ... [Read More]
Q2 subprime originations soften to all-time low
Thursday, Sep. 3, 2020, 02:37 PM
SubPrime Auto Finance News Staff
Well, here comes another automotive industry statistic establishing an all-time reading during the coronavirus pandemic. Findings from Experian’s Q2 2020 State of the Automotive Finance Market report release on Thursday morning indicated that the amount of financing originated during the ... [Read More]
ARA launches whitepaper series called ‘Repossession Matters’
Wednesday, Sep. 2, 2020, 04:11 PM
SubPrime Auto Finance News Staff
The American Recovery recently rolled out its latest informational initiative since the coronavirus pandemic began. The newest project is a new whitepaper series titled, “Repossession Matters,” as ARA said it will be addressing issues and presenting revenue models to allow ... [Read More]
Servicing Solutions hires new SVP of sales and marketing
Wednesday, Sep. 2, 2020, 04:02 PM
SubPrime Auto Finance News Staff
Servicing Solutions recently hired a new senior vice president of sales and marketing: an executive with a long-standing relationship with the company’s top management. Bringing more than 20 years of sales and management experience to the loan servicing, call center and ... [Read More]
Flagship Credit Acceptance welcomes Crowl as CFO
Wednesday, Sep. 2, 2020, 04:00 PM
SubPrime Auto Finance News Staff
Flagship Credit Acceptance turned to a seasoned executive from the mortgage space to be its new chief financial officer. On Tuesday, the auto finance company announced the appointment of Rob Crowl, a seasoned senior-level executive with more than 34 years ... [Read More]
PODCAST: Handling potential swell in bankruptcies
Tuesday, Sep. 1, 2020, 03:40 PM
SubPrime Auto Finance News Staff
While bankruptcy filings have either remained stable or even below year-ago readings so far during a turbulent 2020, experts caution that filings could increase as financial difficulties continue from the coronavirus pandemic. To help finance companies consider the potential ramifications if ... [Read More]