Principal Warranty Corp. recently added a new dealership client that knows luxury well. Now leveraging the provider’s products is Fletcher Jones, which has dealerships in California, Nevada, Hawaii and Illinois and is one of the national sales leaders among Audi ... [Read More]

What Kroll Bond Rating Agency (KBRA) has been discussing for much of the year continues to come to fruition. Analysts said July remittance reports showed a second straight month of deteriorating credit performance and declining recovery rates across securitized prime ... [Read More]

PAR North America (PAR) promoted a pair of its executives on Thursday, rewarding them for being with KAR Global for more than 20 years combined. Taking on more responsibility for the business unit whose clients range from the largest banks, ... [Read More]

​As Cox Automotive senior economist Charles Chesbrough noted, credit availability is one of the headwinds against used-vehicle retail sales. While still more available than this time last year, the Dealertrack Auto Credit Availability Index declined for the consecutive month in ... [Read More]

Protective Asset Protection is celebrating 60 years of service this month as a provider of F&I products that help protect each vehicle investment while equipping dealers with the F&I products they need to instill confidence and trust in their customers. ... [Read More]

Credit Acceptance said late on Monday that founder Don Foss passed away on Sunday from complications arising from an aggressive form of cancer. He was surrounded by his family, according to the company announcement. Specializing in subprime auto financing, Credit ... [Read More]

Now even another government agency thinks implementation of the enhanced Safeguards Rule from the Federal Trade Commission should be delayed. Recently, the Small Business Administration (SBA) Office of Advocacy delivered a letter to the FTC, echoing many of the points ... [Read More]

DriveItAway Holdings made another advancement on Friday related to its mission “to make driving and owning an EV truly affordable for all.” The provider of subscription-to-purchase technology announced that it recently launched its electric vehicle program with the Ford Escape ... [Read More]

Flagship Credit Acceptance wants to grow its portfolio through its entry into direct-to-consumer financing, so this week, the company hired Rob McKie as chief direct lending officer to lead that endeavor. Flagship highlighted through a news release that McKie brings ... [Read More]

Ally Financial topped the ranking among subprime auto finance companies for the second consecutive year, according to the J.D. Power 2022 U.S. Dealer Financing Satisfaction Study, which was released on Thursday. Ally Financial ranked highest in overall dealer satisfaction among ... [Read More]