Smoke sees subprime delinquency & defaults rising
Wednesday, Apr. 17, 2024, 12:05 PM
Advice for dealers & finance companies during an election year from EFG Companies
Thursday, Apr. 18, 2024, 11:17 AM
5 associations urge CFPB to abandon latest request for data about repossessions & more
Wednesday, Apr. 17, 2024, 02:41 PM
PODCAST: Lessons learned by 4 repo agents
Friday, Apr. 19, 2024, 10:09 AM
SubPrime Auto Finance News Staff
Four forthcoming repossession agents shared a variety of personal and professional anecdotes last week during the North American Repossessors Summit in Orlando, Fla. The session titled “What I Wish I’d Known … A Cautionary Tale for Small, Medium, & Large ... [Read More]
PODCAST: ARA president seeks ‘call for collaboration’
Friday, Apr. 19, 2024, 10:07 AM
SubPrime Auto Finance News Staff
American Recovery Association president Vaughn Clemmons addressed the record gathering for last week’s North American Repossessors Summit, sharing his “unfiltered beliefs on the state of our recovery industry.” Clemmons described the challenges and opportunities the industry has, asking for a ... [Read More]
APCO Holdings merges EasyCare & National Auto Care brands
Thursday, Apr. 18, 2024, 03:10 PM
SubPrime Auto Finance News Staff
This week, APCO Holdings announced it has merged two of its brands — EasyCare and National Auto Care — into a unified F&I “force” under the EasyCare brand. The merger follows the acquisition of National Auto Care last January. With ... [Read More]
AutoPayPlus rolls out F&I reporting tool powered by VisionAST at no additional cost to dealers
Wednesday, Apr. 17, 2024, 12:05 PM
SubPrime Auto Finance News Staff
AutoPayPlus recently expanded its enterprise solution for F&I managers with the launch of AutoPayPlus Reporting, powered by VisionAST. The tool can provide real-time reporting and analytics, empowering decisionmakers with precise data integration into their DMS. AutoPayPlus said the move reinforced ... [Read More]
CFPB spots more issues with auto finance companies & credit reporting
Tuesday, Apr. 16, 2024, 10:46 AM
SubPrime Auto Finance News Staff
Auto financing was mentioned often by the Consumer Financial Protection Bureau (CFPB) as the regulator published its latest edition of Supervisory Highlights last week. The CFPB shared key findings from recent examinations about continuing accuracy problems in the credit reporting ... [Read More]
Open Lending: Near- and non-prime consumers at risk of being priced out
Monday, Apr. 15, 2024, 11:02 AM
SubPrime Auto Finance News Staff
Cox Automotive reported that credit access improved in March, even within the subprime space. However, Open Lending Corp. still has notable concerns about the sector stemming from findings contained in a new Near- and Non-Prime Consumer Update. The risk analytics ... [Read More]
Cox Automotive: Credit availability improved again in March
Wednesday, Apr. 10, 2024, 03:38 PM
SubPrime Auto Finance News Staff
A spring thaw happened in many locations during March, including the auto-finance market. Cox Automotive reported on Wednesday that access to auto credit improved last month. The Dealertrack Credit Availability Index increased to 94.0 in March, improving for the second ... [Read More]