Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges
Tuesday, Sep. 7, 2021, 01:49 PM
SubPrime Auto Finance News Staff
Joseph Cioffi, partner at Davis+Gilbert and orchestrator of the Credit Chronometer, returned for another episode of the Auto Remarketing Podcast; this time recorded in person during the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Cioffi and ... [Read More]
WalletHub: 87M vehicle shoppers on the hunt this Labor Day weekend
Friday, Sep. 3, 2021, 02:40 PM
SubPrime Auto Finance News Staff
According to a nationally representative survey conducted by personal finance website WalletHub, 87 million Americans will look at vehicles to buy this Labor Day weekend. And WalletHub’s 2021 Labor Day Weekend Survey showed that the top two considerations potential buyers ... [Read More]
Location Services exits direct recoveries to focus on forwarding & LPR business lines
Thursday, Sep. 2, 2021, 06:27 PM
SubPrime Auto Finance News Staff
COVID-19 is prompting Location Services to make significant changes. After being impacted by the pandemic, the company announced on Thursday that it has made the decision to exit the direct recovery space and focus on building its existing forwarding model, ... [Read More]
Credit Acceptance becomes 5th finance company to settle with Massachusetts AG
Thursday, Sep. 2, 2021, 03:44 PM
SubPrime Auto Finance News Staff
Both a large subprime auto finance company and a state attorney general seemed pleased to announce a settlement between them that is involving more than $27 million. On Wednesday, Credit Acceptance became the fifth different finance company to finalize a ... [Read More]
Stellantis to acquire First Investors to build new captive
Thursday, Sep. 2, 2021, 01:53 PM
SubPrime Auto Finance News Staff
General Motors acquired AmeriCredit 11 years ago in a move that eventually led the formation of its new captive finance company at GM Financial. Another domestic OEM is on the same path. On Wednesday, Stellantis announced it has entered into ... [Read More]
Tekion & 700Credit form product alliance to boost DMS capabilities with credit info
Friday, Aug. 27, 2021, 02:54 PM
SubPrime Auto Finance News Staff
This week, 700Credit announced a product alliance with Tekion and its Automotive Retail Cloud (ARC). Executives explained the new alliance will provide Tekion dealers with seamless access to 700Credit’s credit report and compliance platform, optimizing the sales process and providing ... [Read More]
CreditMiner integrates Equifax pre-screen technology into API solutions for finance companies & dealerships
Friday, Aug. 27, 2021, 02:50 PM
SubPrime Auto Finance News Staff
CreditMiner announced this week it’s now offering soft-pull pre-screen technology from Equifax as part of the CreditMiner API solution suite. The company explained this integration is designed to help auto finance companies and dealers provide real-time pre-approvals to consumers who are ... [Read More]
PODCAST: Why some Q2 auto-finance data resembles pre-pandemic trends
Thursday, Aug. 26, 2021, 02:29 PM
SubPrime Auto Finance News Staff
Experian senior director of automotive financial solutions Melinda Zabritski returned for another episode of the Auto Remarketing Podcast to explain some similarities between second-quarter data and trends analysts noticed before the pandemic. Zabritski also tackled a hypothetical scenario of a ... [Read More]
National Auto Care acquires 5 more F&I agencies
Wednesday, Aug. 25, 2021, 04:25 PM
SubPrime Auto Finance News Staff
Last month, National Auto Care (NAC) reinforced its executive team to prep for mergers and acquisitions. On Tuesday, NAC showed why as senior vice president of mergers & acquisitions Courtney Hoffman announced acquisitions of five Midwest and West Coast agencies ... [Read More]
AUL Corp. claims Bay Area workplace honor for 8th consecutive year
Wednesday, Aug. 25, 2021, 04:22 PM
SubPrime Auto Finance News Staff
Eight is sure great at AUL Corp. with regard to its work environment. The full-service F&I provider announced this week that it has been voted one of the Best Places to Work in the North Bay for the eighth consecutive ... [Read More]