S&P Global Ratings highlighted positive trends for net losses, recoveries and delinquency in connection with the U.S. auto ABS sector’s performance for the first quarter According to the report shared with SubPrime Auto Finance News, subprime net losses decreased month-over-month ... [Read More]

The Triton Automotive Group board of directors promoted Brian Miller to be its new chief executive officer in a move that became effective May 1. According to a news release, Miller previously served as the company’s executive vice president of ... [Read More]

The automotive portion of TransUnion’s newly released Q1 2022 Quarterly Credit Industry Insights Report (CIIR) gave context from the financing side about how tight vehicle inventories are impacting the entire industry. TransUnion said on Thursday that origination volumes in Q4 ... [Read More]

Cox Automotive and Comerica Bank each shared upbeat economic and financing trends that should be welcomed by dealerships and finance companies. First on Tuesday, Cox Automotive said access to auto credit expanded again in April, according to the Dealertrack Credit ... [Read More]

For your contract holders who still want to make their monthly payment via cash, Payix and Nortridge Software are teaming up to provide a solution. The REPAY company and provider borrower-facing collections and communications tools recently expanded its exclusive partnership ... [Read More]

The American Recovery Association (ARA) recently highlighted the successes of the Repo Alliance, a fundraising organization rolled out at the start of the pandemic to boost lobbying and other industry promotion efforts. From discussions with federal lawmakers and their staffs ... [Read More]

The ninth edition of the Reality Check: Paycheck-To-Paycheck research series, conducted by LendingClub Corp., in partnership with PYMNTS.com, showed that close to two-thirds of the U.S. population — 64% or about 166 million adults — were doing so in March. ... [Read More]

Dealerships and finance companies that use PassTime technology now have a refreshed tool to use to maintain contact with their assets and mitigate risk. The GPS solutions provider announced last week the launch of Encore 3, the third generation of ... [Read More]

DriveItAway Holdings has a new advisor to keep the subscription-to-purchase technology provider on a positive trajectory with dealerships and other firms interested in automotive. Now a publicly traded company, DriveItAway welcomed Rushab Doshi, a noted entrepreneur-in-residence and new venture builder. ... [Read More]

This time, Allied Solutions’ newest initiative is connected to the beginning of the potential journey toward vehicle delivery. This week, the service provider to credit unions and other firms involved with financial services launched a strategic collaboration with Scienaptic AI, ... [Read More]