Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
Thursday, Nov. 14, 2024, 10:00 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
More insight from Equifax & TransUnion about Q3 delinquency
Wednesday, Nov. 13, 2024, 02:39 PM
Experian: We’re Seeing a Turnaround in Auto Loan Delinquencies
Tuesday, Aug. 31, 2010, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Enthusiasm from Experian Automotive's Melinda Zabritski picked up considerably during her recent Webinar when it was time to discuss the second-quarter amount of vehicle loans with a 30-day or 60-day delinquencies. "This is very good news that we're ... [Read More]
Fitch Expects Auto Loan ABS Delinquencies & Losses to Climb Through 3Q
Tuesday, Aug. 31, 2010, 12:00 AM
Nick Zulovich
NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said is "typical" for this time of year. While delinquencies and losses hit their lowest level in three ... [Read More]
TransUnion Sees 20-Percent Decline in Auto Delinquency Rates, but Predicts Upswing Ahead
Tuesday, Aug. 31, 2010, 12:00 AM
Nick Zulovich
CHICAGO — The national 60-day auto delinquency rate dropped by almost 20 percent from the first to second quarter to 0.53 percent, TransUnion reported this week. The year-over-year delinquency rate at the national level declined by 27.4 percent in the second ... [Read More]
ABI: Bankruptcy Filings Continue to Soar with Older Americans Now Filing More Often
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by ... [Read More]
Experian to Review First Half of 2010 During Today’s Webinar
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to ... [Read More]
Leedom Group CEO Spearheads BHPH Dealer Advisory Council Formation
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]
Bank of America Grows Direct-to-Consumer Loans with VINtek’s Help
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America ... [Read More]
Fiserv, DriveTime Broaden Partnership to Give Customers More Payment Options
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
BROOKFIELD, Wis. — Fiserv and DriveTime recently expanded their partnership so that now instead of just having the ability to pay at a dealership location and online or via phone, customers can now also pay their auto loan bills at more than ... [Read More]
New OneCommand Tool Aims to Find Customers with Built Up Equity to Drive Sales
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
CINCINNATI — OneCommand recently rolled out a new tool it's calling Equity Scoring, a product designed to help dealerships identify the current equity position of both finance and cash customers. Geared to reach potential buyers most likely to be ready and ... [Read More]
Car-Mart CEO: Our Growth Will Continue Thanks in Large Part to Repeat Customers
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — William "Hank" Henderson, America's Car-Mart president and chief executive officer, said late last week that management is continuing its growth strategy and credits repeat customers as a large factor in the company's solid financial performance. Henderson indicated that ... [Read More]