After last week’s 25th annual Non-Prime Auto Financing Conference, the National Automotive Finance Association made three new additions to its board of directors. According to messages sent to SubPrime Auto Finance News, the new NAF Association board members are: — Jeff Anderson, vice president of claims products at SWBC — Carissa Robb, president of Constant […] [Read More]

Just like the pandemic is slowing defaults and vehicle repossessions, COVID-19 is keeping bankruptcy courts quieter than usual, too. Epiq released its August bankruptcy filing statistics from its AACER bankruptcy information services business this week. [Read More]

Tricolor has operated its vehicle retail and financing enterprise focused on the Hispanic market for the past 14 years in California and Texas. Now with financial resources from one of the most notable investment firms in the country, Tricolor has its sights set on expanding nationwide. On Thursday, Tricolor announced a $90 million convertible preferred […] [Read More]

If you live in a Western state, chances are the landscape features more than just mountainous scenery. It may also include pricey used vehicles. Same goes for two metro areas of South Florida. [Read More]

Cox Automotive experts tried to put some seasonal context when explaining the latest movements of the Manheim Used Vehicle Value Index and other parts of the wholesale market. [Read More]

The California New Car Dealers Association Scholarship Foundation is providing more than $100,000 to students seeking out automotive technology careers through its annual CAR CAREERS Scholarship Program; the winners of which it announced this week. The dealer association’s scholarship program selected honorees after evaluating applicants’ academic performances, career interests and industry experience. The foundation’s board chose […] [Read More]

During the week that closed during the middle of the Labor Day weekend holiday, Black Book noticed that 15 of the 22 vehicle segments that analysts track generated gains in wholesale values. And with two regions trying to rebound from Hurricane Ida, Black Book doesn’t see prices making a major decline anytime soon. [Read More]

Work Truck Solutions certainly appears to be getting the job done on the partnership front. About a week after forging a relationship with Ryder System, Work Truck Solutions on Wednesday announced that it has expanded its partnership with Charlotte-based Hendrick Automotive Group to now include 30 dealership locations, further strengthening the company’s joint online presence […] [Read More]

J.P. Morgan recognizes that modern vehicles do more than travel highways, taking their owners from place to place. These vehicles also can be the conduit to a variety of financial transactions, too. On Wednesday, J.P. Morgan’s corporate and investment bank announced that it has entered into a strategic deal with Volkswagen Financial Services, with plans […] [Read More]

Acquisitions in the F&I space are starting to intensify just like what’s been happening in the dealership sector for some time now. On Tuesday, APCO Holdings — home to the EasyCare, GWC Warranty and MemberCare brands — announced that it recently acquired Strategic Diversified.  Through a news release, APCO highlighted this acquisition demonstrates its commitment […] [Read More]