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
Auto credit availability improves for 11th straight month
Wednesday, May. 11, 2022, 03:35 PM
SubPrime Auto Finance News Staff
Cox Automotive and Comerica Bank each shared upbeat economic and financing trends that should be welcomed by dealerships and finance companies. First on Tuesday, Cox Automotive said access to auto credit expanded again in April, according to the Dealertrack Credit ... [Read More]
Payix & Nortridge bolster partnership for cash acceptance
Wednesday, May. 11, 2022, 03:31 PM
SubPrime Auto Finance News Staff
For your contract holders who still want to make their monthly payment via cash, Payix and Nortridge Software are teaming up to provide a solution. The REPAY company and provider borrower-facing collections and communications tools recently expanded its exclusive partnership ... [Read More]
ARA highlights inroads by Repo Alliance in DC
Wednesday, May. 11, 2022, 03:26 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) recently highlighted the successes of the Repo Alliance, a fundraising organization rolled out at the start of the pandemic to boost lobbying and other industry promotion efforts. From discussions with federal lawmakers and their staffs ... [Read More]
Insight on credit backgrounds of consumers living paycheck to paycheck
Tuesday, May. 10, 2022, 02:40 PM
SubPrime Auto Finance News Staff
The ninth edition of the Reality Check: Paycheck-To-Paycheck research series, conducted by LendingClub Corp., in partnership with PYMNTS.com, showed that close to two-thirds of the U.S. population — 64% or about 166 million adults — were doing so in March. ... [Read More]
PassTime rolls out third generation Encore device
Monday, May. 9, 2022, 02:11 PM
SubPrime Auto Finance News Staff
Dealerships and finance companies that use PassTime technology now have a refreshed tool to use to maintain contact with their assets and mitigate risk. The GPS solutions provider announced last week the launch of Encore 3, the third generation of ... [Read More]
DriveItAway adds former EmployBridge & Citi entrepreneur in residence as advisor
Friday, May. 6, 2022, 07:24 PM
SubPrime Auto Finance News Staff
DriveItAway Holdings has a new advisor to keep the subscription-to-purchase technology provider on a positive trajectory with dealerships and other firms interested in automotive. Now a publicly traded company, DriveItAway welcomed Rushab Doshi, a noted entrepreneur-in-residence and new venture builder. ... [Read More]
Allied Solutions boost underwriting capabilities with Scienaptic AI
Friday, May. 6, 2022, 02:49 PM
SubPrime Auto Finance News Staff
This time, Allied Solutions’ newest initiative is connected to the beginning of the potential journey toward vehicle delivery. This week, the service provider to credit unions and other firms involved with financial services launched a strategic collaboration with Scienaptic AI, ... [Read More]
APCO streamlines EasyCare VSC to help dealers
Friday, May. 6, 2022, 02:47 PM
SubPrime Auto Finance News Staff
EasyCare, an APCO Holdings brand, introduced a new vehicle service contract (VSC) for dealerships this week in an effort to help store personnel cater to potential buyers who only want a simple presentation of F&I products. APCO highlighted its new ... [Read More]
Agora, Comerica, Cox & Edmunds on current state of auto finance, inflation & interest rates
Thursday, May. 5, 2022, 03:48 PM
Nick Zulovich, Senior Editor
Experts from Agora Data, Comerica Bank, Cox Automotive and Edmunds gave a variety of insights about two of the top current economic trends that can impact auto financing — inflation and interest rates. As expected by these companies, the Federal ... [Read More]
DRN and MVTRAC land Osborne as new chief client officer
Wednesday, May. 4, 2022, 09:14 PM
SubPrime Auto Finance News Staff
One of the recovery industry executives who has been a regular on stage during Used Car Week is with a new company for the first time in nearly 20 years. On Wednesday afternoon, DRN and MVTRAC announced that Cortney Osborne ... [Read More]