The Dealertrack Credit Availability Index for May rose sequentially for the second month in a row to land at its highest level since April 2022. But the share of contracts to subprime consumers declined for the second consecutive month. Cox Automotive data released this week showed the subprime share in May slid 70 basis points […] [Read More]

Edge Focus made its way into auto finance this week. The technology-enabled private credit firm focused on consumer assets announced a loan partnership with what it called “a large private credit manager” to expand its auto program through the purchase of consumer auto receivables. Management said the partnership marks a major milestone for Edge Focus, […] [Read More]

The latest appearance on the Auto Remarketing Podcast by Melinda Zabritski, Experian’s head of automotive financial insights and Automotive Intelligence Award recipient, focused on auto-loan terms, which oftentimes are at least 72 months nowadays. Zabritski also compared a data point from Experian’s latest report to the same reading recorded 10 years ago to find the […] [Read More]

Dealers in need of vehicles for their certified pre-owned programs will likely be encouraged by this news: Wholesale sales of vehicles from commercial consignors are up 15% through five months of 2026, with a particularly strong surge in late-model and near-new vehicles, according to the latest AuctionNet data from the National Auto Auction Association. NAAA […] [Read More]

AutoCanada is making some Thunder in its collision repair business. The dealer group said Wednesday it has acquired Mascarin Collision Centre in Thunder Bay, Ontario, giving AutoCanada its first collision repair presence in the city. Calling it a “key gateway to Northern Canada,” AutoCanada said the addition of Mascarin gives the retailer “a platform for […] [Read More]

The c-suite revamp at Credit Acceptance continued on Wednesday with the appointment of Joe Billante as chief financial officer, effective July 27. Billante succeeds Jay Martin, who will retire on July 27 after 23 years with the subprime auto finance company. Credit Acceptance has announced several retirements in recent months, including chief executive officer Kenneth […] [Read More]

America’s Car-Mart has already closed 60 dealerships since November in three separate moves that leadership said was, “because they are the right thing to do for the long-term health of this business.” But if the buy-here, pay-here operation doesn’t secure new financing by the close of business on Friday, Car-Mart might not have a car […] [Read More]

There were more than 137,000 catalytic converters stolen last year, according to data from Carfax, as these devices are not only somewhat easy to nab from some vehicles, but also contain high-value precious metals. And word to the wise: some of the most frequently targeted for catalytic converter theft are the most popular vehicles on […] [Read More]

LocateSmarter and Repo Report see a partnership that they finalized on Wednesday gives repossession agents valuable details to complete assignments more efficiently. According to a news release, address data from LocateSmarter will be integrated directly into Repo Report — the service provider, not to be confused with the Cherokee Media Group publication — to enhance […] [Read More]

Federal Reserve Governor Michael Barr spent a portion of his most recent Saturday at American University in Washington, D.C., outlining how ongoing deregulation in banking and other parts of financial services is creating numerous potential problems for consumers and credit providers. Barr closed his remarks with a warning, saying, “And when the bill comes due, […] [Read More]