Wednesday, June 19, 2019 - 10:11am

SubPrime Auto Finance News Staff

Experian discovered the nation’s leader in 60-day delinquency still is not within the Deep South. Findings from the Q1 2019 State of the Automotive Finance Market report showed that while Louisiana and Mississippi still have some of the highest rates, analysts indicated that leading the country continues to be... Read More

Wednesday, June 19, 2019 - 10:05am

SubPrime Auto Finance News Staff

Auto/Mate Dealership Systems announced on Tuesday it has successfully completed all dealership management system (DMS) integrations with DDI Technology, an established provider of vehicle title and registration services for dealerships. Auto/Mate’s DMS customers can now use DDI Technology’s solutions to... Read More

Monday, June 17, 2019 - 12:04pm

SubPrime Auto Finance News Staff

DriveTime Automotive Group and its related finance company, Bridgecrest Acceptance Corp., announced on Monday that they have commenced a cash tender offer to purchase any and all of their outstanding $400 million aggregate principal amount of 8.00% senior secured notes due 2021. In conjunction with the tender offer,... Read More

Thursday, June 13, 2019 - 4:48pm

SubPrime Auto Finance News Staff

This week, the American Financial Services Association welcomed its new vice president of communications. Taking on this role for the national trade association for the consumer credit industry is Ed McFadden. AFSA indicated McFadden will play a crucial role in expanding the association’s mission of ensuring... Read More

Thursday, June 13, 2019 - 4:46pm

SubPrime Auto Finance News Staff

Arent Fox is bolstering its compliance offering, and in the process, bringing back one of its experts. This week, the firm announced the launch of Managing Automotive Compliance, a regulatory, auditing and consulting service that is designed to help auto industry clients manage their regulatory needs. The firm... Read More

Thursday, June 13, 2019 - 10:48am

SubPrime Auto Finance News Staff

National Automobile Dealers Association chairman Charlie Gilchrist recently wrote about how data and digital issues remain a high priority for the organization. And it appears those topics certainly are being monitored by the Federal Trade Commission, too. Early this week, the regulator announced an Iowa company that... Read More

Wednesday, June 12, 2019 - 12:14pm

SubPrime Auto Finance News Staff

In today’s world where it might seem the only auto-finance element lengthening in time involves terms of consumers’ retail installment sales contracts, Digital Recognition Network (DRN) and American Recovery Service (ARS) are reaching a significant milestone — their 10th anniversary of doing... Read More

Wednesday, June 12, 2019 - 10:09am

SubPrime Auto Finance News Staff

Launcher is looking to help not only well-established subprime auto finance companies, but also shops looking to get a toehold in the space while they stretch their limited resources. The technology provider specializing in loan originations, recently announced the release of its new product offering, appTRAKER... Read More