PODCAST: Identifying risk sources with Joseph Cioffi of Credit Chronometer
Friday, Jun. 17, 2022, 01:32 PM
SubPrime Auto Finance News Staff
We wrap up our series of podcasts recorded during this year’s Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, with a visit with Davis + Gilbert partner Joseph Cioffi. Cioffi, who also runs the Credit Chronometer, discussed where ... [Read More]
Explaining what 75 basis-point rise in interest rates might do within auto financing
Thursday, Jun. 16, 2022, 03:24 PM
Nick Zulovich, Senior Editor
Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week ... [Read More]
Auto credit availability tightens in May
Wednesday, Jun. 15, 2022, 01:59 PM
SubPrime Auto Finance News Staff
It appears May was a tipping point in the auto financing space. After loosening for 11 months in a row, access to auto credit tightened in May, according to the Dealertrack Credit Availability Index for all types of auto financing. ... [Read More]
PODCAST: Why CECL ‘is about to get real’
Tuesday, Jun. 14, 2022, 01:44 PM
SubPrime Auto Finance News Staff
When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this month’s Non-Prime Auto Financing Conference: “It’s about to get real.” Bass, ... [Read More]
Rising costs continue to erode consumer confidence
Friday, Jun. 10, 2022, 01:42 PM
SubPrime Auto Finance News Staff
Experts from Comerica Bank, Cox Automotive and TransUnion all relayed this week that a myriad of circumstances is eroding consumer sentiment of individuals who might be currently in your auto portfolio or who might be added soon. While TransUnion reported ... [Read More]
PODCAST: Talking auto ABS with Amy Martin of S&P Global Ratings
Thursday, Jun. 9, 2022, 02:12 PM
SubPrime Auto Finance News Staff
Amy Martin, who is sector lead and senior director S&P Global Ratings, is a fixture at the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Before Martin made her way back on the conference stage, she spent ... [Read More]
InsightLPR confirms launch coming at NARS 2022
Wednesday, Jun. 8, 2022, 06:59 PM
SubPrime Auto Finance News Staff
When InsightLPR unveiled its five-person executive team last month, the technology company providing proprietary license plate recognition (LPR) software, hardware and data products to help companies increase their value said it would be rolling out its solutions at the North ... [Read More]
NAF Association solidifies board leadership, adds 2 new directors
Wednesday, Jun. 8, 2022, 03:26 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association solidified its board of directors and voted in two new members last week during its 26th annual Non-Prime Auto Financing Conference in Plano, Texas. The NAF Association announced that Paul Gillespie, who is senior vice ... [Read More]
Lot2You Auto Finance set to grow digital network of participating dealers & finance companies
Wednesday, Jun. 8, 2022, 03:20 PM
SubPrime Auto Finance News Staff
Lot2You Auto Finance sees the No. 1 frustration of subprime consumers as the time spent waiting on an approval and the fear of embarrassment while at a dealership. With that situation in mind while being committed to progressive thinking and ... [Read More]
AFSA continues to seek CFPB’s definition of risk
Tuesday, Jun. 7, 2022, 02:24 PM
SubPrime Auto Finance News Staff
American Financial Services Association senior vice president Celia Winslow recounted during a recent episode of the Auto Remarketing Podcast that AFSA has been seeking clarity about what the Consumer Financial Protection Bureau (CFPB) defines as risk for more than 10 ... [Read More]