Just a few months after moving into a new corporate headquarters, Secure Collateral Management (SCM) is advancing beyond being only a skip-tracing provider and into being a forwarding company. In a message sent to SubPrime Auto Finance News on Tuesday, SCM executive vice president Joseph Farley explained why the company is making this move now […] [Read More]

Friday is the most popular day for buyers to visit a dealership, while 59 percent of car buyers spend time doing online research. And six out of 10 shoppers are undecided on a specific vehicle when they enter a dealership. If dealers want statistics like those on understanding their market and their core target audience, they […] [Read More]

For decades, Japanese-brand automakers have made investments in the U.S. economy and U.S. workforce. That commitment has paid off for U.S. workers. According to an employment study that Rutgers University economics professor Thomas Prusa prepared for the Japan Automobile Manufacturers Association’s U.S. office, those Japanese automakers generate 1.52 million jobs throughout the United States. The […] [Read More]

John North III, who is resigning from his chief financial officer post at Lithia Motors effective March 1, is joining Avis Budget Group as its CFO, effective March 18.  Avis Budget noted in a news release that North will oversee all financial aspects of the business, including financial planning and analysis, accounting and financial reporting, tax, internal […] [Read More]

In the fifth of six panel discussions recorded at Used Car Week 2018, Joe and Nick moderate a session on the rapid evolution of the wholesale used-car space, titled "Innovators: The Next Generation of Used Cars." Panelists include George Chamoun of ACV Auctions, Kayne Grau of KAR Auction Services, Bob McConkey of McConkey Auction Group, […] [Read More]

As part of Auto Remarketing’s annual issue honoring The Best CPO Dealers in the USA, we reached out to automakers across the board to gather their respective top 10 lists of dealerships with the most certified pre-owned vehicle sales. Those brand-by-brand sales rankings, based on full-year 2018 sales, can be found below.  Listings include dealer name, […] [Read More]

Dealer organizations are becoming even more roiled over what’s unfolding in Washington, D.C., regarding whether imported autos and auto parts represent a national security threat. Even after taking into account the mitigating effects of the new United States Mexico Canada Agreement (USMCA), the National Automobile Dealers Association said tariffs on autos and auto parts under Section […] [Read More]

S&P Global Ratings published a report on Friday, examining adjustments in auto-related asset-backed securities (ABS) transactions since the Great Recession. The 16-page endeavor took a special look at the subprime market, explaining that speculative-grade issuance growth and weaker structural protections could lead to more rating volatility. S&P Global Ratings made that assertion in the report […] [Read More]

During a podcast recorded during the Vehicle Finance Conference hosted by the American Financial Services Association, Nick shared another conversation with Jennifer Reid, the vice president of automotive strategy and marketing at Equifax Automotive Services. Reid revisited strategic recommendations to help dealerships and finance companies learn more about potential buyers from their credit reports than […] [Read More]

At NADA Show 2019, Joe talks with Jonathan Banks of J.D. Power about the "gaps" that used cars are helping to fill in the automotive market, why the used-car market is so surprisingly healthy and much more. The full discussion can be found below.  Banks also contributed a guest commentary about used-car residual values, which […] [Read More]