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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

New paycheck-to-paycheck research with ‘unhappy summer’ looming

another couple paying bills
SubPrime Auto Finance News Staff
With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress ... [Read More]

New FrogData solution aims to smooth warranty claims & improve dealer cash flow

WarrantyMind-graphic for web
SubPrime Auto Finance News Staff
FrogData is looking to help dealerships meet the commitments made when selling warranties during the vehicle delivery process. The company recently launched WarrantyMind, a data platform for warranty claims processing that designed to solve critical warranty administration problems at dealerships. ... [Read More]

Auto defaults up 10 of the past 11 months

SP_Graph May 2022 for web
SubPrime Auto Finance News Staff
While not at the upward pace of headline-grabbing metrics such as inflation or gas prices, nonetheless auto defaults are moving higher. And they have been now for 10 of the past 11 months. According to data through May 2022 for ... [Read More]

Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’

Federal Trade Commission
SubPrime Auto Finance News Staff
Four of the five leaders of the Federal Trade Commission support a proposed a rule to ban what the federal regulator called “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” The commissioner who voted against ... [Read More]

From the editor: NARS highlights intriguing thoughts from finance companies & repo agents

NARS 2022 picture for web
Nick Zulovich, Senior Editor
Tip of the conference cap to the American Recovery Association and the North American Repossessors Summit planning committee. They scheduled a pair of intriguing panel discussions to begin the 2022 edition of NARS, which unfolded for the first time at ... [Read More]

Experts see mixed observations when examining latest auto ABS data

KBRA may 2022 charts for web
SubPrime Auto Finance News Staff
The latest analysis about the health of contract payments and the auto asset-backed securities market from Kroll Bond Rating Agency and S&P Global Ratings showed mixed observations from company experts. Beginning first with the update from S&P Global Ratings, analysts ... [Read More]

PODCAST: Identifying risk sources with Joseph Cioffi of Credit Chronometer

podcast image
SubPrime Auto Finance News Staff
We wrap up our series of podcasts recorded during this year’s Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, with a visit with Davis + Gilbert partner Joseph Cioffi. Cioffi, who also runs the Credit Chronometer, discussed where ... [Read More]

Explaining what 75 basis-point rise in interest rates might do within auto financing

Jerome Powell in June 2022
Nick Zulovich, Senior Editor
Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week ... [Read More]

Auto credit availability tightens in May

May 2022 Dealertrack chart for web
SubPrime Auto Finance News Staff
It appears May was a tipping point in the auto financing space. After loosening for 11 months in a row, access to auto credit tightened in May, according to the Dealertrack Credit Availability Index for all types of auto financing. ... [Read More]

PODCAST: Why CECL ‘is about to get real’

podcast image
SubPrime Auto Finance News Staff
When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this month’s Non-Prime Auto Financing Conference: “It’s about to get real.” Bass, ... [Read More]

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