4 recommendations for an F&I edge to start 2018

SubPrime Auto Finance News Staff

The team at GWC Warranty offered four suggestions to help dealerships looking for an edge in January and the rest of 2018. Recommendations to boost sales as well as ongoing success in the F&I office, GWC Warranty declared that “there’s no better time to try something new and set your dealership apart... Read More

SubPrime Auto Finance News Staff

S&P Global Ratings described what more subprime paper flowing into the auto loan asset-backed securities (ABS) market did to its readings for November. According to a report published this week, the overall ABS market enjoyed some “mild” improvements in November. Analysts determined that prime... Read More

Prospects for interest rates doubling in 2 years

SubPrime Auto Finance News Staff

Two participants on the Federal Open Market Committee (FOMC) at the Federal Reserve see the target range for the federal funds rate surpassing 4 percent in 2020 with nine other policymakers anticipating that the reading hits at least 3 percent by the end of that year. While many economic and political circumstances... Read More

SubPrime Auto Finance News Staff

The risk auto finance companies absorbed when taking on new-vehicle paper certainly didn’t wane as 2017 closed. On Tuesday, analysts at Kelley Blue Book reported the estimated average transaction price (ATP) for light vehicles in the United States came in at $36,113 in December. New-car prices increased by $583... Read More

DriveTime seeking new CEO to replace Fidel

SubPrime Auto Finance News Staff

DriveTime on Tuesday morning announced an executive succession process. The company said DriveTime chief executive officer Ray Fidel entered into definitive agreements in late November for Fidel's transition out of his role as CEO in December. DriveTime indicated the transition process is complete, and the company... Read More

November auto defaults hold steady

SubPrime Auto Finance News Staff

In the midst of the holiday break, analysts from S&P Dow Jones Indices and Experian released an update on auto finance defaults through November. Fortunately, what they spotted shouldn’t give the industry an unwanted jolt to start regular business operations again now that it’s 2018. The auto finance... Read More

SubPrime Auto Finance News Staff

The days of needing a black-ink pen to finalize auto financing documents appear to be dwindling. RouteOne announced this week that it has successfully processed what the company claims is the automotive finance industry’s first remotely captured, electronic customer signature on an indirect finance contract.... Read More

SubPrime Auto Finance News Staff

The complexities of advertising finance terms in a language other than English landed a dealership in regulatory problems with the Federal Trade Commission. Cowboy AG, a Dallas company doing business as Cowboy Toyota and Cowboy Scion, recently agreed to settle FTC charges that it deceptively advertised financing... Read More