As what’s happened four out of the past five years, auto finance defaults made a slight uptick in July versus the previous month.
Stemming from subprime financing activity, TransUnion’s Q2 Industry Insights Report showed the magnitude of diminishing originations and rising delinquencies.
We often report on the delinquency rates of vehicle installment contracts held by consumers. Later this week, TransUnion plans to share its second-quarter data with SubPrime Auto Finance News.
Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions.
Digital Recognition Network (DRN) hosted its annual affiliate appreciation event during last month’s North American Repo Summit (NARS) to honor DRN providers and affiliates.
The next series of free skip-tracing training webinars hosted by Alex Price, the director of risk solutions at Digital Recognition Network (DRN), begins this week.
Consumer Portfolio Services chairman and chief executive officer Brad Bradley described how the subprime finance company is going through what he called a “painful process.” While the company’s originations are down from last year, its delinquencies didn’t spike to alarming levels.
License plate recognition (LPR) software and data solutions provider MVTRAC on Tuesday announced the closing of growth recapitalization of the company with Bison Capital Asset Management along with changes to its top leadership structure.
The relationship forged between Digital Recognition Network (DRN) and Pelican Auto Finance, a subprime auto finance company operating in California and Pennsylvania, is proving to be beneficial for both operations.
Stemming from an effort to unionize workers, Santander Consumer USA on Friday afternoon vehemently refuted claims contained in a report distributed by the AFL-CIO, National Employment Law Project and Committee for Better Banks about how the finance company’s collections department operates.