According to Protective Asset Protection, experts estimated that dealerships leveraging a dealer-owned warranty company structure to sell F&I products are seeing a 20-percent lift in profits on average for F&I sales. Protective Asset Protection has focused on this topic significantly ... [Read More]

ACC Consumer Finance, a specialized indirect auto finance company, recently announced that it has selected Servicing Solutions as its primary servicer.  As a result of this agreement, Servicing Solutions will support ACC’s ride-hailing finance offering.  ACC Consumer Finance offers a ... [Read More]

Two trends emerged when experts from Cox Automotive, Edmunds and Kelley Blue Book took an initial look at auto data from February — rising new-vehicle costs and spiking interest rates. Kelley Blue Book noticed the average transaction prices for new models ... [Read More]

Ever since some consumer-advocate commentators latched onto one piece of recent auto-finance data, experts from the automotive world replied with context to counter thoughts that thousands soon would be walking because they no longer had a vehicle. While vehicle affordability and ... [Read More]

An executive with nearly 20 years of experience with Consolidated Asset Recovery Systems and Dealertrack now is part of the leadership team at Servicing Solutions. The loan servicing organization specializing in primary and back up servicing announced on Wednesday that ... [Read More]

With Cox Automotive experts suspecting that “credit will likely tighten as the appetite for subprime declines,” the company also shared the makes that have the largest penetration of subprime retail installment contracts and vehicle leases so far this year. Cox ... [Read More]

Top executives from Equifax, Experian and TransUnion all appeared on Capitol Hill on Tuesday for a hearing orchestrated by the U.S. House Financial Services Committee, which is seeking revamps to how credit reporting is completed. And one of the companies ... [Read More]

Finance companies sometimes give grace to contract holders in hopes the individual can get back on the payment track since it’s potentially much more lucrative than having to go through the repossession and recovery processes. Kroll Bond Rating Agency (KBRA) released ... [Read More]

To mimic the famous Mark Twain quip, perhaps reports about the drastic demise of the auto finance industry are greatly exaggerated. As some commentators latched onto delinquency metrics shared recently by the Federal Reserve Bank of the New York, auto ... [Read More]

TransUnion senior vice president and automotive business leader Brian Landau sees used-vehicle financing continuing to be one of the primary ingredients filling provider portfolios for the rest of the year, especially after reviewing the latest auto data contained in TransUnion’s ... [Read More]