Cox Automotive said “June marked an important turning point” in connection with credit being available to consumers to acquire vehicles. But the subprime segment remains on a downward trend. The Dealertrack Credit Availability Index for all types of auto financing ... [Read More]

Carleton announced the promotion of Tonya Hardisty on Monday, elevating her to be director of client success. Hardisty has been in a managerial role at the provider of compliant financial calculations and lending document generation software since 2005. In this ... [Read More]

Dealers who use NextGear Capital as their floorplan provider now can utilize the company for their retailing and F&I endeavors, too. NextGear Capital collaborated with Titan Warranty Administration and announced a custom-built retail vehicle protection program aimed at helping independent ... [Read More]

Multiple experts pointed to the likelihood of another interest-rate uptick coming later this month, potentially pushing up the cost of funds at your finance company and the rate attached to the contracts you might originate. Those same experts cited similar ... [Read More]

While EFG Companies sees some market strength and positive economic and consumer trends, experts acknowledged slow inventory growth, price concerns and stubborn inflation have the potential to create revenue barriers in the second half of 2023 for the retail automotive ... [Read More]

The American Recovery Association packed an agenda for its next information webinar, with a trio of experts set to discuss four of the most pressing topics impacting repossession agents nowadays. The session also is scheduled to include two of the ... [Read More]

Informed.IQ shared new data on Wednesday that pinpointed the top 10 states the company has seen applicants with overstated income as well as applicants submitting fake paystubs. The states where applicants most often overstate their income by 10% or more, ... [Read More]

The American Financial Services Association and five other trade associations are pushing back against a proposed statement of policy regarding prohibition on abusive acts or practices released by the Consumer Financial Protection Bureau this spring. To recap, the bureau said ... [Read More]

Two industry experts who are passionate about specific parts of auto financing appeared on this episode of the Auto Remarketing Podcast, which originated from the National Independent Automobile Dealers Association’s annual convention in Las Vegas. Tarry Shebesta, founder and CEO ... [Read More]

The third development of the Federal Trade Commission’s investigation and lawsuit against Kole Consulting Group and its owner, Daniel Kole, and some of the defendants running American Vehicle Protection (AVP) became public this week. The newest proposed court order in ... [Read More]