Monday, November 11, 2019 - 8:30am

SubPrime Auto Finance News Staff

American Recovery Association executive director Les McCook has proven to be quite prophetic stemming from a comment he made during the Innovations in Recovery Summit hosted by ALS Resolvion in late September. McCook said, “In the next 24 months, there will be significant changes in the industry.” Turns out,... Read More

Wednesday, November 6, 2019 - 12:51pm

SubPrime Auto Finance News Staff

Perhaps this Experian data can be a guide for finance company collection departments and recovery operations as to the locations where more resources might be needed and locales where resources could be scaled back. Experian recently identified the top 25 cities with the highest and lowest ratios of delinquent... Read More

Wednesday, November 6, 2019 - 10:08am

SubPrime Auto Finance News Staff

Strategic sessions and honoring its best performers highlighted the latest event hosted by EFG Companies. The company recently held its annual Agent Council when agents from across the U.S. gather to discuss industry trends, current business challenges, best practices and new product innovation. Going into 2020, the... Read More

Tuesday, November 5, 2019 - 10:31am

SubPrime Auto Finance News Staff

A founding member of the Automotive Intelligence Council is making a segment of its business available 24 hours a day, seven days a week. On Monday, MBSi Corp., announced the broadening of its technical customer support hours to help clients that use its repossession assignment management software and vendor... Read More

Monday, November 4, 2019 - 11:47am

SubPrime Auto Finance News Staff

Both Toyota Financial Services and Wells Fargo put initiatives in place to help their customers affected by the recent series of wildfires throughout California, as well as the tornadoes that struck northern Texas last month. The Toyota captive announced in a news release that it is offering payment relief options... Read More

Monday, November 4, 2019 - 11:44am

SubPrime Auto Finance News Staff

Fueled in part by blossoming relationships with industry players such as CarGurus, Westlake Technology Holdings recently announced that it reached $10 billion in assets under management milestone ahead of its targeted goal of hitting the milestone in 2022. Westlake responded by setting a new goal of $20 billion in... Read More

Friday, November 1, 2019 - 10:43am

SubPrime Auto Finance News Staff

As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged the average APR on new financed vehicles at 5.7% in October; the... Read More

Thursday, October 31, 2019 - 10:12am

SubPrime Auto Finance News Staff

While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as quickly as a... Read More