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. In a message to SubPrime Auto Finance News, SCUSA said, “the complaints cited in […] [Read More]

Donlen recently announced that the company has brought on a new vice president of client relations to lead its team of national account executives. Chosen for the position is Roger Setzke, who has more than 12 years of previous experience at Donlen and over 25 years of extensive sales leadership experience. “Donlen continues to invest in high-performing […] [Read More]

Lease penetration is down for the first time since 2012, and the decline in leases written is twice as high as the drop in overall new-car sales, according to latest Lease Market Report from Edmunds. That said, leasing remains close to record highs, and the swell of off-lease volumes hitting the used-car market should continue […] [Read More]

Autotrader’s newly released Hottest Cars for Summer 2017 list names the current 10 most-searched new, used and certified pre-owned cars on its site. The company looked at search volume from January to the end of May and found that American consumers currently favor domestics. Autotrader editors found that nine of its 10 most-searched models are […] [Read More]

Dealers Auto Auction of Oklahoma City (DAA/OKC) recently announced that its past general manager has returned to the auction to resume his former role. For Bruce Beam, son-in-law of the auction's owner, Gary Smith, it’s a return to the family business as well. Before leaving DAA/OKC in 2012 to work for Express Credit Auto, Beam […] [Read More]

Manheim’s presence in one of the BRIC nations became more robust this month with a long-term commitment in Brazil. Cox Automotive announced that Manheim acquired Pacto São Paulo along with developing commercial partnerships with six other auction companies to invest in the local marketplace. Manheim highlighted that Pacto São Paulo is located approximately 250 kilometers, […] [Read More]

House and Senate lawmakers wasted little time in using Congressional Review Act (CRA) authority to start an effort to stop the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. The CRA permits Congress to overturn an agency rule within 60 legislative days after an agency has submitted […] [Read More]

As experts and policymakers shared a variety of economic trend updates and observations, Fitch Ratings summarized that record-setting payment performance isn’t likely to simply last forever. But at the same time, Fitch reiterated that deterioration of auto finance performance — especially in the subprime space — won’t pull the entire economy into a tailspin like […] [Read More]

PartCycle Technologies recently introduced an upgraded online used-car-parts platform (PartCycle.com) designed to give dealers an efficient way to get the parts they need for their service/parts customers. The company offers an online recycled auto parts marketplace.  In a news release, the company gives the example of University Toyota in Tuscumbia, Ala.,  which since integrating PartCycle into […] [Read More]

Here’s another way to generate revenue at your buy-here, pay-here operation with the units that might have some of the highest odometer readings in your inventory. First Choice Car Care recently announced its five-year, 100,000-mile vehicle service contract (VSC) plans for vehicles up to 20 model years old and already having up to 150,000 miles […] [Read More]