Payix co-founders Chris Chestnut and Preston Cecil made their debut on the Auto Remarketing Podcast and shared an array of observations and anecdotes from their clients about how finance companies are handling collections during the coronavirus pandemic. Chestnut and Cecil ... [Read More]

How about this for a change in our coronavirus-impacted world? Experts noticed some consistency in the latest auto-finance trends. According to July auto-finance data Edmunds compiled and shared with SubPrime Auto Finance News, metrics such as term and the amount ... [Read More]

Lindsay Automotive launched a post-sale, pre-F&I vehicle delivery system for dealers on Monday that is aimed at six potential friction points that can curtail store revenue and customer satisfaction. Created by dealership owner Steve Lindsay in collaboration with industry veterans Chip King ... [Read More]

Along with its director giving testimony to both House and Senate committees, last week also included the Consumer Financial Protection Bureau issuing a request for information (RFI) to seek public input on how best to create a regulatory environment that ... [Read More]

Have a 2001 model that still looks sharp, runs nicely and remains a great option to attach F&I products? Now dealers that use GWC Warranty have that option among a host of other potential ways to generate finance-office revenue. This week, ... [Read More]

Ally Financial and Santander Consumer USA are just two examples of what Cox Automotive chief economist Jonathan Smoke said finance companies have been doing for the past four months amid the coronavirus pandemic. Smoke said underwriting has tightened since April. Perhaps ... [Read More]

National Auto Care broadened its F&I portfolio this week. National Auto Care chief executive officer Tony Wanderon and Chris Weber and James Jodison, the principals of Diversified Management Group (DMG), announced that National Auto Care has acquired DMG. DMG is ... [Read More]

While it might seem like it’s already been a decade since the coronavirus pandemic started to impact our lives, it’s truly been 10 years since the signing of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which opened the ... [Read More]

TransUnion is noticing that credit-performance metrics are starting to change as various actions taken by finance companies because of the coronavirus pandemic begin to run their initial duration. A new TransUnion consumer credit snapshot released last week found the percentage ... [Read More]

Many automotive lenders face challenges today associated with maintaining compliance in all facets of their business. Automotive loan compliance requires knowledge of federal regulations the govern applications, processes and practices. While it can be assumed lenders strive to remain compliant ... [Read More]