BuyAutoInsurance.com recently shared research about uninsured motorist (UM) and underinsured motorist (UIM) insurance coverage, reporting that 13% of American drivers either have inadequate auto insurance coverage or none at all. To help turn those kinds of trends, DriveItAway Holdings announced ... [Read More]

Equifax vice president of verification services Shelly Nischbach made time for the Auto Remarketing Podcast to discuss how finance companies are sharpening their underwriting in light of the recessionary and rising interest rate environment they’re facing. Nischbach also touched on ... [Read More]

In separate letters sent to its investors and dealer clients on Wednesday, Car Capital said it is still in business, but it paused auto finance originations due to “difficult capital market conditions.” As a result, Car Capital also said it ... [Read More]

To handle client demand and make room for personnel and resources, defi SOLUTIONS on Tuesday announced the expansion of the Amherst, N.Y. facility that houses the company’s newly renamed defi MANAGED SERVICING outsourced servicing operation. According to a news release, ... [Read More]

This week, LAUNCHER.SOLUTIONS and Creative Business Decisions (CBD) finalized their full integration to help mutual clients make better underwriting decisions by incorporating generic or custom-developed scorecards created by CBD within Launcher’s appTRAKER Loan Origination System (LOS). The company reiterated appTRAKER ... [Read More]

Reinforcing what Cox Automotive and other experts are seeing from a retail perspective, TransUnion’s Q3 2022 Quarterly Credit Industry Insights Report (CIIR) showed how much auto finance originations are slowing. According to the report released on Tuesday, TransUnion said originations ... [Read More]

The Justice Department described another notable fraud incident this week that could have permeated through the wholesale, retail and finance spaces. A federal grand jury in Chicago returned an indictment, which was unsealed on Wednesday, charging three Illinois men with ... [Read More]

Edmunds executive director of insights Jessica Caldwell and Cox Automotive chief economist Jonathan Smoke made comments before and after the Federal Reserve pushed interest rates higher again on Wednesday. The latest 75-point rise pushed the year-to-date increase in the target ... [Read More]

LendingTree recently reported that millennials owe a median of $15,281 in auto debt across the 100 largest metros in the U.S. Researchers used an anonymized sample of credit reports from the first and second quarters of this from more than ... [Read More]

Just before Halloween night, Credit Acceptance announced an addition to its senior leadership team. Ravi Mohan joined the subprime auto finance company as chief technology officer as of Oct. 24. In his role, Credit Acceptance said Mohan will be responsible ... [Read More]