John & Perla Lewis to retire from Intellaegis; new leadership planned
Wednesday, Sep. 11, 2024, 02:31 PM
SubPrime Auto Finance News Staff
Oct. 31 will be more than just Halloween for John and Perla Lewis. The Intellaegis founders will be retiring on the last day of October from their respective roles in company management with John Lewis as CEO and Perla Lewis ... [Read More]
Agora Data gains up to $100M in funding from Waterfall Asset Management
Wednesday, Sep. 11, 2024, 11:16 AM
SubPrime Auto Finance News Staff
Agora Data now has more resources to empower any dealer to operate with the strength of a finance company without altering their current process. On Tuesday, the fintech company announced additional funding capacity from Waterfall Asset Management for up to ... [Read More]
Another former Cox Automotive exec joins F&I Sentinel
Wednesday, Sep. 11, 2024, 11:16 AM
SubPrime Auto Finance News Staff
F&I Sentinel on Tuesday announced the arrival of former Cox Automotive executive Michael Stancampiano as vice president of technology. The risk-management solutions provider for F&I products in the automotive finance industry said Stancampiano also held executive roles with Foot Locker ... [Read More]
StoneEagle modifies leadership team to improve focus & speed
Tuesday, Sep. 10, 2024, 12:30 PM
SubPrime Auto Finance News Staff
StoneEagle announced multiple changes to its executive team on Tuesday, with moves involving its chief technology officer, chief customer officer, chief financial officer and chief operating officer. New to the company that’s been in business for 35 years with F&I ... [Read More]
Interest-rate cut may finally be on horizon
Monday, Sep. 9, 2024, 12:03 PM
SubPrime Auto Finance News Staff
The Federal Reserve’s next opportunity to modify interest rates arrives next Wednesday. Experts see the job market as a primary reason why policymakers might be making their first modification in more than a year. And perhaps at least one member ... [Read More]
AutoPayPlus welcomes Gutierrez back as regional account manager
Friday, Sep. 6, 2024, 10:01 AM
SubPrime Auto Finance News Staff
Michele Gutierrez was previously part of the team at AutoPayPlus while she was an F&I director in Laredo, Texas. After spending time with General Motors, AutoPayPlus announced on Thursday that Gutierrez now is back with the organization as a regional ... [Read More]
DriveItAway partners with AllShifts to help on-demand nurses gain transportation
Friday, Sep. 6, 2024, 09:46 AM
SubPrime Auto Finance News Staff
DriveItAway Holdings has formed several partnerships and relationships this year to grow its “micro-lease to purchase” technology. But the partnership announced this week might be having the most impact on DriveItAway CEO John Possumato as the company has partnered with ... [Read More]
PODCAST: More details about ongoing squeeze in non-prime financing
Thursday, Sep. 5, 2024, 03:43 PM
SubPrime Auto Finance News Staff
Open Lending senior vice president of marketing Kevin Filan made another appearance on the Auto Remarketing Podcast. This time, Filan discussed Open Lending’s newest Consumer Update, which delved into the squeeze near- and non-prime consumers are facing when trying to ... [Read More]
Experian Q2 data could illuminate ongoing movements involving affordability & risk
Thursday, Sep. 5, 2024, 10:30 AM
SubPrime Auto Finance News Staff
Is vehicle affordability improving for consumers? Or are finance companies not taking on as much risk? To help you decide, consider these metrics from Experian’s State of the Automotive Finance Market Report: Q2 2024 released on Thursday. Experian determined the ... [Read More]
3 questions about bankruptcy & repossessions with Weltman, Weinberg & Reis
Wednesday, Sep. 4, 2024, 01:59 PM
SubPrime Auto Finance News Staff
Shareholder Milos Gvozdenovic and attorney Garry Masterson of Weltman, Weinberg & Reis Co. recently addressed some of the most common questions finance companies have about bankruptcy and vehicle repossession. Gvozdenovic and Masterson began by touching on the question that might ... [Read More]