USED CAR WEEK 2023 PODCAST: How repossession management is changing
Sunday, Jan. 7, 2024, 07:03 PM
SubPrime Auto Finance News Staff
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “The Changing Landscape of Repossession Management.” The session included Suzi Straffon of ... [Read More]
FTC & Connecticut AG charge Nissan dealer with using ‘junk fees’ & other prohibited tactics involving certified vehicles
Thursday, Jan. 4, 2024, 03:02 PM
SubPrime Auto Finance News Staff
Regulators are targeting another dealership over what they dub to be “junk fees,” among other allegations. According to a news release distributed on Thursday, the Federal Trade Commission and the Connecticut attorney general are taking action against Manchester City Nissan ... [Read More]
USED CAR WEEK 2023 PODCAST: 3 executives examine possible future of loss recovery sector
Thursday, Jan. 4, 2024, 09:47 AM
SubPrime Auto Finance News Staff
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a trio of recovery industry executives for a discussion about how delinquencies, repossessions and recoveries might ... [Read More]
USED CAR WEEK 2023 PODCAST: Top 3 recovery challenges & ideas for resolution
Wednesday, Jan. 3, 2024, 12:28 PM
Nick Zulovich
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “The Top 3 Recovery Challenges & Ideas for Resolution,” with Starr Haynes-Sawalqah ... [Read More]
Credit Acceptance taps Real-Time Payments from Citizens to speed dealer funding
Wednesday, Jan. 3, 2024, 11:30 AM
SubPrime Auto Finance News Staff
Credit Acceptance wants to make doing business with its dealership network smoother, so the finance company that specializes in subprime recently began to use Real-Time Payments from Citizens. Now, Credit Acceptance dealership customers can receive funds faster on deals they ... [Read More]
Edmunds: 2 used-car financing records set in Q4
Wednesday, Jan. 3, 2024, 11:29 AM
SubPrime Auto Finance News Staff
Used-vehicle financing set a pair of records during the fourth quarter, according to data compiled and shared by Edmunds. Edmunds reported on Wednesday that down payments in Q4 jumped $201 year-over-year to $4,122. The figure got to that record by ... [Read More]
TurboPass honors 7 dealers
Tuesday, Jan. 2, 2024, 11:44 AM
SubPrime Auto Finance News Staff
During the holiday season, TurboPass gave gifts to seven dealerships that use its verification solutions designed to reduce fraud and improve customer service. Winners of the TurboPass 2023 Dealer of the Year Awards include: National Dealer of the Year: Toyota ... [Read More]
3 associations roll out VPP compliance initiative
Tuesday, Jan. 2, 2024, 11:40 AM
SubPrime Auto Finance News Staff
Three national trade groups want the industry to start the new year on the right compliance path. In late December, the Guaranteed Asset Protection Alliance (GAPA), Motor Vehicle Protection Products Association (MVPPA) and Service Contract Industry Council (SCIC) launched an ... [Read More]
Resolvion & RDN integrate to smooth database processes for agents
Tuesday, Dec. 19, 2023, 10:25 AM
SubPrime Auto Finance News Staff
Resolvion made another technology-driven move on Tuesday aimed at making repossession complexities smoother for both its employees and its network of agents. The provider of national repossession management, skip-tracing, remarketing, license plate recognition, heavy equipment and specialty recovery announced today ... [Read More]
Exeter partners with Pagaya to leverage AI tools
Friday, Dec. 15, 2023, 10:01 AM
SubPrime Auto Finance News Staff
Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access ... [Read More]