Today’s automotive industry continues to see noticeable changes in everything from consumer demand, behavior, and shopping patterns to the way operations are dealing with an ongoing shortage of inventory, parts, and labor. What’s more, the shopping process itself continues to ... [Read More]

This summer certainly has been a season of change for Primeritus Financial Services, which now has a new chief executive officer and chief financial officer. Taking on the CEO post is Steve Norwood, who previously led Consolidated Asset Recovery Systems ... [Read More]

Last week, RISC collaborated with MBSi Corp. to deploy VendorConnect, what they called a “revolutionary” compliance management solution that can allow access to a comprehensive list of compliant, vetted third-party vendors in the repossession industry. This week, RISC announced free ... [Read More]

Auto repossessions are on the rise. Subprime repos are up 11% since 2020, according to Jalopnik. Even among prime borrowers with excellent credit scores, repossession rates have doubled from 2% to 4% in the past two years, according to Barron’s. ... [Read More]

Experian senior director of automotive financial solutions Melinda Zabritski shared more time for the Auto Remarketing Podcast to discuss which auto finance metrics landed within expectations for the second quarter and which ones did not. Zabritski also touched on how ... [Read More]

Repossessions are complicated, so MBSi Corp. and RISC are working together to help finance companies find the compliant resources they need. This week, the SaaS provider of repossession assignment software and third-party compliance management company for the auto finance industry ... [Read More]

At the beginning of August, Carvana launched the option to add a co-signer during the financing application process for potential buyers in South Carolina with the intention of rolling out the process in more locations before a full nationwide push. ... [Read More]

Shopping for a vehicle comes with all kinds of stressors for a consumer — some of which can affect their relationship with the dealer and lender. The decision to require a shopper to undergo a credit verification can be stressful ... [Read More]

This week, new American Recovery Association executive director Joel Kennedy shared a development meant to benefit not just organization members, but potentially any repossession agent, too. In an industry letter, Kennedy said “several” of the largest auto finance companies in ... [Read More]

The newest auto finance data from Experian reinforced the theory that consumers are taking delivery of used vehicles more often because of necessity. As the automotive market continues to face inventory shortages, analysts said consumers are shifting back to the ... [Read More]