Along with the seventh annual Diversity Volume Leadership Awards (DVL), last week’s annual NAMAD Conference in Miami also included Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarding two Rising Star Awards. The 2022 award recipients were Jarryd Carver, chief executive officer of Winners Circle Automotive Group, headquartered in Hampton, […] [Read More]

As previously reported in Auto Remarketing, there were more than 52,000 reports of stolen catalytic converters in 2021, which was a 13-fold increase from 2019, according to the National Insurance Crime Bureau (NICB). ACV is looking to help dealers have more confidence that their next piece of inventory hasn’t been impacted by criminals with its […] [Read More]

The Arizona Creditors Bar Association recently offered its explanation for what Proposition 209: The Predatory Debt Collection Protection Act could do to collections within auto finance and other creditor segments if voters in the Grand Canyon State approve the proposal in November. First, according to material shared with SubPrime Auto Finance News, the association explained […] [Read More]

Open Invention Network (OIN), the organization formed to safeguard open-source software (OSS), announced on Wednesday that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments, […] [Read More]

In this episode of the Auto Remarketing Podcast, we are joined by Jeremy Beck, who is the vice president of dealer development at the National Independent Automobile Dealers Association. Beck talks with Auto Remarketing senior editor Joe Overby about the association's recent NIADA Policy Conference in Washington, D.C., and looks ahead to NIADA's BHPH Super Forum […] [Read More]

On Wednesday, ACI Worldwide and Constant highlighted how they’re now working together. The provider of mission-critical, real-time payments software and the fintech involved in self-service loan management software announced a partnership that they said will allow finance companies to increase contract volumes, streamline their collection process, drive revenue and lower cost to serve. Pairing ACI […] [Read More]

According to a new report published by UnivDatos Markets Insights, artificial intelligence in the fintech market is expected to grow at a compound annual growth rate (CAGR) of around 30% from 2022 through 2028. UnivDatos Markets Insights highlighted that its report has been aggregated by collecting informative data on various dynamics such as market drivers, […] [Read More]

S&P Global Ratings acknowledged this week that it is too early to assess the full impact of Hurricane Ian on rated U.S. auto asset-backed securities (ABS). However, firm analysts currently believe that rating downgrades are unlikely, based on their assessment of … [Read More]

Informed.IQ, a provider of artificial intelligence-based software for financial institutions, has made notable inroads with providers in the subprime auto finance space. First, continuing its focus on artificial intelligence and machine learning, Consumer Portfolio Services last month partnered with Informed.IQ to calculate income automatically, collect and clear credit stipulations and dealer docs, creating a better […] [Read More]

Nissan is broadening the age and mileage eligibility in its certified pre-owned program through a new offering called “Certified Select,” which will also include certain non-Nissan vehicles. Vehicles up to 10 years old with up to 100,000 miles will be included in Certified Select, which provides an 84-point inspection and six-month/6,000-mile limited warranty and roadside […] [Read More]