Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per ... [Read More]

First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed ... [Read More]

Resolvion began a new month by announcing a variety of high-level executive moves on Monday. The provider of repossession management, skip-tracing, heavy equipment recovery, remarketing, license plate recognition and specialty recovery said the strategic leadership changes involve: — Scott Darling, ... [Read More]

Westlake Financial Services is continuing to diversify its portfolio but leveraging a lending strategy that’s gained industry traction this year. Along with originating indirect auto financing, this week Westlake launched what it’s calling, Cash Now Pay Later. The company said ... [Read More]

Experian is looking to help finance companies complete one of the most important parts of underwriting — verification of income and employment status. This week, Experian introduced new verification capabilities that can connect finance companies to more than 120 million ... [Read More]

StoneEagle F&I senior vice president of business development Joe St. John made his monthly appearance on the Auto Remarketing Podcast to discuss what’s happening in dealership finance offices. Senior editor Nick Zulovich asked about which elements helping F&I departments this ... [Read More]

Investment funds continue to flow into all parts of the automotive industry, with a second development arriving in recent days having a connection to auto financing and retailing. This week, the CapStreet Group — a 31-year-old firm that invests in ... [Read More]

This week, National Auto Care (NAC) senior vice president of mergers and acquisitions Courtney Hoffman announced the company’s 10th acquisition in the past 18 months. Now part of the company’s F&I agency portfolio is a firm positioned to help NAC ... [Read More]

If the auto default rate ticks up only at the pace analysts have seen during the past couple of months, it could take a year — maybe longer — for the metric to return to what it was at the ... [Read More]

The series of Auto Remarketing Podcasts featuring Dasceq founder and chief executive officer Abhishek Goel continues with a focus on how artificial intelligence (AI) can be the key ingredient in digital collections. Goel defines what AI is in connection with ... [Read More]