Mike Levison, ALS Resolvion

Over the years, repossession and skip-tracing services have come to be viewed somewhat as commodities by many in the lending community. As such, outside of compliance, the primary focus around the management of these services has been cost. After all, since these services are available through multiple providers, why... Read More

Joel Kennedy, Spinnaker Consulting Group

I’ve recently spent a considerable amount of time poring over the 2018 Non-Prime Automotive Finance Survey, which is administered annually by the National Automotive Finance Association. All who review this important survey will see the story of increasing operating expenses, alongside investments in innovation... Read More

SubPrime Auto Finance News Staff

Late last week, RouteOne announced that C&F Finance Co. is now an available e-contracting finance source for dealers utilizing the RouteOne platform. The move was made in an effort to augment the digital exchange of critical contract documents and data between dealers and finance sources to increase efficiency and... Read More

SubPrime Auto Finance News Staff

This week, GWC Warranty announced the inception of a newly created major account management team. The provider of used-vehicle service contracts sold through dealers indicated this new team of five highly skilled and experienced account managers will be led by area vice president Cynthia Bodden and will service GWC... Read More

SubPrime Auto Finance News Staff

Reynolds and Reynolds enhanced its relationship with the Penske Automotive Group this week. The two companies announced they extended their exclusive agreement for Reynolds to provide the Reynolds Retail Management System to all Penske franchised dealerships in the U.S. and Puerto Rico. Under the new agreement,... Read More

NY Honda dealer penalized nearly $500K by AG

SubPrime Auto Finance News Staff

The challenges of working with customers who might not be fluent in English has cost a New York franchised dealership nearly $500,000. New York attorney general Barbara Underwood recently announced a settlement requiring Bay Ridge Honda of Brooklyn to reform its business practices and pay more than $423,000 in... Read More

SubPrime Auto Finance News Staff

Along with an integration with MaximTrak Technologies, Zurich North America also recently expanded its menu of services for dealers by adding service adviser training resources. One of the largest providers of F&I products and consultative training for dealerships in the United States, Zurich is collaborating with... Read More

SubPrime Auto Finance News Staff

A recent blog post from GWC Warranty not only reiterated how your dealership customers can benefit immensely from a robust vehicle service contract, but the provider also emphasized how the finance company connected to the retail installment sales contract can have a better addition to its portfolio, too. Along with... Read More