The Blue Oval’s captive is pleased with how its subsidiary is performing while making inroads to serve consumers who want an alternative to securing a vehicle without the commitment of a retail installment contract or leasing agreement. Executives from Canvas — the Ford Motor Credit subsidiary offering what they believe is a convenient and hassle-free […] [Read More]

With regulators such as the Consumer Financial Protection Bureau issuing official requests for information about the implications of rules, investigations and enforcement actions, a sterling example might have arrived from BB&T Dealer Financial Services. In a direct message to SubPrime Auto Finance News on Friday, the auto finance division of the North Carolina-based commercial bank indicated that […] [Read More]

After approaching the $1 billion securitization threshold last summer, Westlake Financial Services surpassed the mark, according to an announcement shared earlier this week. Westlake issued its largest asset-backed securitization (ABS) of $1 billion backed by approximately $1.1 billion of automotive paper. Vice president of finance Sean Morgan highlighted this move is Westlake’s largest securitization ever […] [Read More]

Payment technology provider BillingTree looked to strengthen its company leadership to serve clients within five crucial markets, including auto financing. This week, the company announced the extension of its C-level team and made five key senior vertical industry appointments as part of a company-wide strategic reorganization to drive continued growth. Executives highlighted the new industry […] [Read More]

I once had a Pearl Jam CD stuck in my car for more than two years. That wasn’t necessarily a bad thing. I suppose if I had to pick any album to be lodged in the dashboard and playing on repeat, “Vs.” would be at the top of the list. But unlike Pearl Jam’s rock […] [Read More]

HGregoire introduced a new advertising campaign with two unique messages during Sunday’s Super Bowl LII on both CTV and RDS. Though both campaign messages feature HGregoire’s wide selection of vehicles, the first message focuses on nostalgia relating to professional sports, while the second message appeals to humor, the company said. The first message centers on highlights of professional […] [Read More]

The Appraisal Lane announced Thursday that it has expanded into Texas to meet increased dealer demand. Dealers in the Lone Star State can join the company’s buyer network encompassing 26 states that enables dealers to buy in-demand inventory virtually — both inside and outside of their market area. This expansion follows the company's announcement in December […] [Read More]

Along with naming a chief of staff who formerly served the chair of the House Financial Services Committee, Consumer Financial Protection Bureau acting director Mick Mulvaney is continuing to put his stamp on how the regulator operates. The CFPB issued another request for information (RFI); this time in connection with the bureau’s enforcement processes. The […] [Read More]

The Used Car Dealers Association of Ontario (UCDA) is orchestrating a new online effort to connect shoppers and dealerships within the province. The newest solution for Ontario vehicle shoppers — Ontariocars.ca — powered by UCDA members is designed to assure consumers that all vehicles listed for sale on the site come with eight specific elements, […] [Read More]

Canadian Black Book is renaming its annual Canadian auto industry golf tournament. From now on, the tournament, which is in its 21st year,  will be called The Canadian Black Book Kathy Ward Golf Tournament, in memory of the company’s former chief executive officer. Ward, who worked at CBB for nearly 30 years, passed away from cancer […] [Read More]