With used-vehicle prices easing a bit, the amount of risk that finance companies are absorbing into their portfolios is starting to abate a bit, too. According to Experian’s State of the Automotive Finance Market Report: Q3 2022, the average amount ... [Read More]

Nordis Technologies and Solutions by Text (SBT) contend that a growing number of auto finance company customers want to receive statement alerts and payment reminders by text, especially with direct links to online account management and payment portals. To enhance ... [Read More]

Ahead of his appearance on stage during Used Car Week 2022 in San Diego, PAR North America’s Ryan Hawley took time for this episode of the Auto Remarketing Podcast. Hawley described how the forwarding industry is getting ready for an ... [Read More]

Following their keynote presentation at Used Car Week 2022 in San Diego, a trio of experts reiterated how complex product refunds can be for finance companies following a vehicle repossession or total-loss insurance claim. Anne Holtzman and Peter Krall of ... [Read More]

Auto defaults made the second-highest sequential jump so far this year in October, according to the S&P/Experian Consumer Credit Default Indices. S&P Dow Jones Indices and Experian reported that data through October showed the auto reading at 0.77%, which was ... [Read More]

DDI Technology expanded its corporate offices in September to handle more work. Then this month, the electronic lien and title technology firm and a subsidiary of IAA announced the expansion of its electronic salvage processing products and services into Massachusetts. ... [Read More]

Many deals and relationships are forged on the golf course, and AutoPayPlus likely is looking to have the same thing happen via its latest marketing endeavoer. The provider of automated biweekly and early payoff services for automotive, RV, boat, home ... [Read More]

Last week, both Kroll Bond Rating Agency (KBRA) and S&P Global Ratings shared intriguing findings based on analysis of September and October data generated by the automotive securitization market, noting trends about originations, extensions, collections and delinquencies. SubPrime Auto Finance ... [Read More]

While some retailers seemingly started Black Friday sales promotions before Labor Day, dealerships and finance companies likely are bracing for some additional business this week as consumers feel the urge to shop and make big purchases. As Cox Automotive noticed ... [Read More]

While a notable portion of the industry was in San Diego for Used Car Week, the Federal Trade Commission made a decision involving the Safeguards Rule that likely delighted attendees mingling about the Manchester Grand Hyatt, but also at dealerships, ... [Read More]