Similar philosophies bring Chase & Enterprise together
Wednesday, Aug. 26, 2015, 03:50 PM
Nick Zulovich, Editor
In a move that came together since the companies do not have “philosophical differences on how to treat the customer,” Enterprise Car Sales now has the equivalent of a captive to help deliver its off-rental vehicles to buyers through a ... [Read More]
GWC Warranty’s 3 latest efforts to help independent stores
Wednesday, Aug. 26, 2015, 03:48 PM
Nick Zulovich, Editor
GWC Warranty chief executive officer and president Rob Glander insisted the company’s bread-and-butter customers are dealer clients who are those small- to medium-sized independent dealerships that might not move as much metal as the big franchised stores but still want ... [Read More]
Equifax enhances lost sales tool with Black Book data
Wednesday, Aug. 26, 2015, 02:38 PM
SubPrime Auto Finance News Staff
Finance companies wondering about which competitors are booking the deals they believe they should be originating now can tap an enhanced solution to find answers. Through a partnership with Black Book, Equifax on Wednesday introduced new features to its Lost ... [Read More]
CFPB complaint total surpasses 677K
Tuesday, Aug. 25, 2015, 06:19 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau released its monthly consumer complaints snapshot report on Tuesday, drilling down into a pair of topics. Those spotlight subjects included credit reporting and the city of Los Angeles. As of Aug. 1, the CFPB reported that ... [Read More]
Subprime impact on financing at franchised stores
Monday, Aug. 24, 2015, 03:40 PM
Nick Zulovich, Editor
Analysis compiled by Edmunds.com of used-vehicle financing activity during the second quarter at franchised dealerships turned up more evidence of the fuel igniting record-setting growth. According to the site’s latest Used Vehicle Market Report, the average amount financed moved 3 ... [Read More]
eLEND Solutions enhances tool for prequalification
Monday, Aug. 24, 2015, 03:37 PM
SubPrime Auto Finance News Staff
Officials from eLEND Solutions recently unveiled an upgrade to the company’s CreditPlus solution that’s being dubbed, “Get Prequalified in Seconds.” The technology provider explained that this enhancement to CreditPlus can give dealers an online instant prequalification lending solution to elevate ... [Read More]
PayLink Payment Plans connects to F&I Express
Monday, Aug. 24, 2015, 03:35 PM
SubPrime Auto Finance News Staff
F&I Express recently added PayLink Payment Plans to its online network of aftermarket F&I product providers. Officials explained that F&I Express has aggregated aftermarket insurance provider product information online to make the automotive retail F&I process more efficient for dealers ... [Read More]
Top 20 grossing vehicles for 3 different subprime credit tiers
Friday, Aug. 21, 2015, 02:48 PM
SubPrime Auto Finance News Staff
Special finance software solution provider ProMax Unlimited reviewed dealership data from July and compiled the top 20 highest grossing vehicles in three different subprime credit tiers. The three lists should be especially helpful for dealerships and finance companies that originate ... [Read More]
NextGear Capital to add 200 workers, invest close to $51M
Friday, Aug. 21, 2015, 02:45 PM
SubPrime Auto Finance News Staff
NextGear Capital announced a series of strategic moves this week to enhance its resources for dealers, including plans to add up to 200 new jobs by 2018. The company also intends to make substantial investments exceeding $50.88 million to lease ... [Read More]
Vanguard Dealer Services partners with private equity firm
Friday, Aug. 21, 2015, 02:40 PM
SubPrime Auto Finance News Staff
Vanguard Dealer Services — an agent and administrator of F&I products and services to franchised dealers nationwide — formed a partnership this week with Southfield Capital, a lower middle market private equity firm. Officials indicated Vanguard's senior management, including chief ... [Read More]