Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

F&I Sentinel makes 2 personnel moves

new hire
SubPrime Auto Finance News Staff
F&I Sentinel made a pair of personnel moves this week, hiring a new vice president of operations and shifting its executive holding that position in an interim capacity into another position. Joining the tech-enabled service provider for compliant F&I product ... [Read More]

Interest rates remain unchanged amid wide range of expert opinions & consumer sentiments

Nick Zulovich, Senior Editor
The Federal Reserve board kept interest rates unchanged on Wednesday, halting a streak of 10 consecutive increases when policymakers had the opportunity. Cox Automotive chief economist Jonathan Smoke sees the Fed pushing rates higher again in July but doesn’t expect ... [Read More]

Zurich & Caramel collaborate to bring VSCs to digital used-vehicle markets

SubPrime Auto Finance News Staff
Zurich North America said it now is offering its F&I vehicle protection service contracts (VSCs) through Caramel, a digital checkout platform for independent dealers and private party buyers and sellers. The company highlighted through a news release that the move ... [Read More]

Auto credit tightens again with banks expecting it to remain that way

SubPrime Auto Finance News Staff
Cox Automotive reported that credit availability for auto finance recently dropped to a two-year low. And the April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices orchestrated by the Federal Reserve showed that level might stay there for ... [Read More]

From the editor: Dry humor but few dry eyes when Tom Hudson receives Jack Tracey Pinnacle Award

Nick Zulovich, Senior Editor
There was dry humor but few dry eyes when the National Automotive Finance Association gave the first Jack Tracey Pinnacle Award to Tom Hudson last Thursday at the Non-Prime Auto Financing Conference in Plano, Texas. After playing a 10-minute tribute ... [Read More]

8 characteristics ARA wants in new executive director

news update
SubPrime Auto Finance News Staff
The American Recovery Association is seeking a new executive director. According to an industry message the organization sent last week, ARA highlighted eight characteristics it is looking for among potential candidates, including: —A self-starter with the ability to work independently ... [Read More]

Cox Automotive examines how current labor market could influence next interest-rate decision

Smoke sees subprime delinquency & defaults rising
SubPrime Auto Finance News Staff
The next opportunity for the Federal Reserve to modify interest rates arrives next Wednesday. Cox Automotive chief economist Jonathan Smoke recapped some of the most important information policymakers likely might consider when deciding whether or not to lift rates again, ... [Read More]

StoneEagle acquires Pencilwrench to smooth OEM warranty claims & more

SubPrime Auto Finance News Staff
StoneEagle grew its operation on Monday. The orchestrator of administration systems for F&I product providers as well as metrics and menus solutions for dealers nationwide, announced the acquisition of Pencilwrench, whose technology can help technicians and service advisors write accurate, ... [Read More]

6 agencies form Acrisure Protection Group

SubPrime Auto Finance News Staff
Late last week, Acrisure, which combines people and high tech to deliver an array of products including insurance, reinsurance and  cyberservices, announced the formation of the Acrisure Protection Group. The group is designed to be a full-service finance and insurance ... [Read More]

Experian: Stronger credit consumers opting for shorter terms

SubPrime Auto Finance News Staff
It’s not uncommon for consumers with softer credit scores to seek the longest contract terms possible to get a manageable monthly payment. Conversely, Experian is seeing consumers with strong credit scores ask for shorter terms to offset rising interest rates. ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X