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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

SAFCO lands $204.5M in new financing via 2 providers

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SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) now has more financial resources to operate in the subprime auto finance space. The company announced this week that it finalized new partnerships with Capital One and One William Street that are providing a new ... [Read More]

Former CFPB director joins firm focused on cryptocurrency & machine learning

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SubPrime Auto Finance News Staff
The former director of the Consumer Financial Protection Bureau now has a new position in the private sector. Kathy Kraninger — who also is scheduled to appear for a fireside chat during the Non-Prime Auto Financing Conference hosted by the ... [Read More]

KBRA: Delinquency seasonality could be coming later this year

kbra june 2021 chart for web
SubPrime Auto Finance News Staff
​A day after S&P Dow Jones Indices and Experian reported that auto defaults sunk to a new all-time low in June, Kroll Bond Rating Agency (KBRA) released its latest indexes based on performance in the securitization market, illustrating how the ... [Read More]

ARA seeking nominations for 2021 NARS Industry Awards

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SubPrime Auto Finance News Staff
The American Recovery Association announced that nominations still are open for the 2021 NARS Industry Awards, which will honor exceptional members of the repossession industry during the North American Repossessors Summit set for October. Submissions can be made for five ... [Read More]

PODCAST: Experian’s Michele Bodda on employment & income trends

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SubPrime Auto Finance News Staff
Perhaps one of the most difficult challenges for finance companies to overcome through the pandemic was verifying an applicant’s employment and income. Michele Bodda, president of Experian Mortgage, Employer Services and Verification Solutions, appeared on this episode of the Auto ... [Read More]

UPDATED: Both auto & mortgage defaults now at all-time lows

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Nick Zulovich, Senior Editor
If finance companies based their decisions on how to run and staff their collections and recovery departments based only the metrics included in the S&P/Experian Consumer Credit Default Indices, they truly might be a one-man — or woman — band ... [Read More]

National Auto Care reinforces M&A team to add more to F&I portfolio

walter hoffman for web
SubPrime Auto Finance News Staff
National Auto Care (NAC) made four agency acquisitions last year, and the F&I provider wants to be in a position to finalize even more this year. With M&A growth in mind, NAC on Monday announced the addition of Walter Hoffman, ... [Read More]

Senate Banking Committee Republicans want answers from CFPB director nominee

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SubPrime Auto Finance News Staff
The Senate wrangling over the nominee to be the new director of the Consumer Financial Protection Bureau became even more intense this week. The dozen Republican members of the Senate Banking Committee sent a letter to Rohit Chopra stemming from ... [Read More]

American Recovery Service names Osborne as chief services officer

Cortney Osborne at UCW 2019
SubPrime Auto Finance News Staff
American Recovery Service (ARS) recently expanded its executive team by promoting Cortney Osborne to be chief services officer. With nearly 20 years of industry experience and moderator of the Women in Auto Finance honoree panels during Used Car Week, ARS ... [Read More]

June Dealertrack Auto Credit Availability Index improves

dealertrack june 2021 chart for web
SubPrime Auto Finance News Staff
While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index released ... [Read More]

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