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
New EasyCare VSC covers technology, electronic components & safety systems
Monday, Sep. 12, 2022, 03:54 PM
SubPrime Auto Finance News Staff
EasyCare wants to help your dealership customers feel more confident about taking delivery of that vehicle that has some of the latest technology available. On Monday, the APCO Holdings brand introduced TechCare, a new vehicle service contract (VSC) designed exclusively ... [Read More]
Portfolio promotes Cunha to managing director
Friday, Sep. 9, 2022, 01:55 PM
SubPrime Auto Finance News Staff
Portfolio likes the work done by Jim Cunha, so this week the provider of reinsurance and F&I programs to auto, RV and powersports dealers appointed him as a managing director for sales and agent development. The company highlighted Cunha brings ... [Read More]
Prestige hires former Capital One exec as CFO
Friday, Sep. 9, 2022, 01:51 PM
SubPrime Auto Finance News Staff
On Thursday, Prestige Financial Services, a portfolio company of the Larry H. Miller Company, announced the appointment of Pepo Tsvetanov as its new chief financial officer in a move that was effective on Tuesday. According to a news release, Tsvetanov ... [Read More]
COMMENTARY: Balance of 2022 outlook for F&I product sales and profit potential
Thursday, Sep. 8, 2022, 02:14 PM
Travis Wools, Protective Asset Protection
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]
PODCAST: New Primeritus Financial Services CEO Steve Norwood
Wednesday, Sep. 7, 2022, 06:27 PM
SubPrime Auto Finance News Staff
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]
RISC Pro fees waived for new members through rest of 2022
Wednesday, Sep. 7, 2022, 03:05 PM
SubPrime Auto Finance News Staff
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]
COMMENTARY: How crypto helps lenders cover loan values
Tuesday, Sep. 6, 2022, 02:05 PM
Fred Brothers, Cion Digital
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]
PODCAST: More insight about Experian Q2 auto finance data with Melinda Zabritski
Thursday, Sep. 1, 2022, 01:21 PM
SubPrime Auto Finance News Staff
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]
MBSi & RISC introduce compliance management solution for repossessions
Wednesday, Aug. 31, 2022, 04:12 PM
SubPrime Auto Finance News Staff
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]
Carvana adds 4 states covering 16 markets to co-signer program
Wednesday, Aug. 31, 2022, 04:10 PM
SubPrime Auto Finance News Staff
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]