Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
Amynta set to acquire American Auto Guardian
Friday, Sep. 6, 2019, 02:57 PM
SubPrime Auto Finance News Staff
Two F&I product providers that might be familiar to nearly 15,000 dealerships are joining forces via an acquisition. This week, Amynta Group, an insurance services company and provider of warranty protection products, entered into an agreement to acquire American Auto ... [Read More]
Location Services’ repo agent hiring program includes $1K signing bonus
Friday, Sep. 6, 2019, 02:55 PM
SubPrime Auto Finance News Staff
Signing bonuses aren’t just for professional athletes as Location Services is looking to add qualified repossession agents by using the same personnel strategy. The provider of loss-mitigation outsource solutions for the financial services industry is hiring for repossession agents and ... [Read More]
Experian reiterates Q2 data gives true view of current auto-finance market
Thursday, Sep. 5, 2019, 03:34 PM
SubPrime Auto Finance News Staff
Affordability continues to remain top-of-mind for most participants in and observers of the automotive industry. However, Experian explained consumers appear to be making due even as some industry pundits continue to be concerned that consumers can’t handle larger payments. To ... [Read More]
August data shows providers held the line on term, down payment, amount financed
Wednesday, Sep. 4, 2019, 03:49 PM
SubPrime Auto Finance News Staff
The latest data from Edmunds confirmed that finance companies are trying to hold firm on term, down payment and total amount financed in an effort to remain within their underwriting parameters and mitigate risk. Edmunds’ August data did show some ... [Read More]
Darwin Automotive highlights mobile capability of U-Draw
Wednesday, Sep. 4, 2019, 03:46 PM
SubPrime Auto Finance News Staff
Just like the concept of the four square and first pencil helped dealership personnel explain financing details to potential buyers with paper and writing utensils, the latest solution from Darwin Automotive is using some of the same fundamentals while leveraging ... [Read More]
Study: 56% of US businesses not fully prepared to meet CCPA requirements
Tuesday, Sep. 3, 2019, 04:28 PM
SubPrime Auto Finance News Staff
The California Consumer Privacy Act (CCPA) certainly is complicated. It’s why an entire panel discussion about it was conducted during this summer’s Automotive Intelligence Summit. Furthermore, a recent PossibleNOW study showed 56% of U.S. businesses polled reported they do not ... [Read More]
Credit Acceptance completes $500M securitization, receives another workplace award
Friday, Aug. 30, 2019, 02:37 PM
SubPrime Auto Finance News Staff
As the subprime auto finance company collected another workplace award, Credit Acceptance Corp. also announced an update this week involving its latest securitization. Credit Acceptance completed a $500.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company contributed ... [Read More]
Westlake & MobilityWorks partner to finance wheelchair accessible vehicles
Friday, Aug. 30, 2019, 02:25 PM
SubPrime Auto Finance News Staff
Westlake Financial Services is looking to help dealership customers who have special needs when they make their next vehicle purchase while helping a business partner achieve the objective of “accessibility for all.” This week, Westlake announced a partnership with MobilityWorks, ... [Read More]
Toyota to handle captive chores for Mazda
Thursday, Aug. 29, 2019, 02:51 PM
SubPrime Auto Finance News Staff
When Mazda vehicles roll over the curb at one of the automaker’s franchised dealerships, there’s now a likelihood the preceding floorplan and newly signed retail installment contract or vehicle lease likely will be connected to Toyota. According to a filing ... [Read More]
PODCAST: DRN’s Jeremiah Wheeler recaps Auto Intel Summit appearance, looks ahead to Used Car Week
Wednesday, Aug. 28, 2019, 04:04 PM
SubPrime Auto Finance News Staff
One of the most frequent guests on the Auto Remarketing Podcast is back for another episode. DRN’s Jeremiah Wheeler recapped his TED-style presentation during this summer’s Auto Intel Summit along with looking ahead to Used Car Week, which begins on ... [Read More]