According to a U.S. Senate report released Wednesday, Fiat Chrysler, Mitsubishi, Toyota and Volkswagen are continuing to sell new vehicles equipped with faulty Takata airbags — knowing that these vehicles will have to be recalled by 2018. The automakers admitted during an investigation by Senate Commerce Committee Democrats that they are selling cars equipped with […] [Read More]

As he prepares to take over as manager of the Carolina Auto Auction, Eric Autenrieth is proving that you can go home again. Autenrieth spent 10 years working alongside his parents, Henry and Patty Stanley, after they purchased Carolina Auto Auction. His roles included outside dealer sales rep, sales and marketing manager, fleet/lease manager and […] [Read More]

With 10 of the 12 Federal Reserve districts discussing new- and used-vehicle sales activity, the latest Beige Book highlighted that metal rolling over the curb generally was steady in April and May. On Wednesday, the Fed reported through its district-by-district rundown that looking at overall sales, truck and large vehicle turns outpaced car sales across […] [Read More]

Mark Lindstrom, owner of Darlington Auto Brokers, wasn’t pleased with the body work that another business had performed on one of his vehicles. So, he took the vehicle to Manheim Darlington’s new Retail Solutions center early last week to have paint and body work done on the truck. Lindstrom was able to pick it up […] [Read More]

Dealerships and auctions now aren’t the only businesses that must keep close watches for recalled vehicles. The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced that beginning on Wednesday rental car agencies must fix any and all open safety defects before renting out vehicles to customers. The regulator explained Secretary of Transportation Anthony […] [Read More]

ALS Resolvion, a national provider of loss mitigation management services to the auto and commercial finance industry, announced this week that the company has been recognized by the Atlanta chapter of the Association of Corporate Growth (ACG) as one of the Top 40 Fastest Growing Companies in Georgia within ACG’s middle market category. The company […] [Read More]

In an effort to strengthen finance companies’ underwriting of potential customers with soft credit histories, TransUnion and FICO on Wednesday rolled out the availability of FICO Auto Score 9 XT based on TransUnion CreditVision trended data. The firms highlighted the new score is specifically catered to the auto finance marketplace and includes several new features, […] [Read More]

Spireon, a provider of mobile resource management and business intelligence solutions for independent stores and buy-here, pay-here operators, has teamed with the National Independent Automobile Dealers Association as its newest Diamond-level National Corporate Partner. The news came through an announcement from NIADA on Tuesday. “Spireon has always been a big supporter of dealer business growth […] [Read More]

Jack Tracey, executive director of the National Automotive Finance Association, described the relationship between member finance companies and the Consumer Financial Protection Bureau as not exactly deteriorating but not necessarily improving significantly, either. He explained to SubPrime Auto Finance News the reason why. “The industry would like to feel like it’s working cooperatively with the […] [Read More]

Subprime automotive financing technology firm Auto Credit Express has been acquired by Internet Brands — a company that includes vehicle listing provider CarsDirect — according to an announcement posted on Wednesday morning. Executives said the deal immediately bolsters Internet Brands’ presence in the subprime automotive category and creates one of North America’s largest full-service subprime automotive […] [Read More]