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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

October auto defaults make second-highest rise of 2022

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SubPrime Auto Finance News Staff
Auto defaults made the second-highest sequential jump so far this year in October, according to the S&P/Experian Consumer Credit Default Indices. S&P Dow Jones Indices and Experian reported that data through October showed the auto reading at 0.77%, which was ... [Read More]

DDI Technology brings title service to Massachusetts to streamline salvage processing

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SubPrime Auto Finance News Staff
DDI Technology expanded its corporate offices in September to handle more work. Then this month, the electronic lien and title technology firm and a subsidiary of IAA announced the expansion of its electronic salvage processing products and services into Massachusetts. ... [Read More]

AutoPayPlus finalizes endorsement deal with PGA Tour pro

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SubPrime Auto Finance News Staff
Many deals and relationships are forged on the golf course, and AutoPayPlus likely is looking to have the same thing happen via its latest marketing endeavoer. The provider of automated biweekly and early payoff services for automotive, RV, boat, home ... [Read More]

KBRA, S&P tap September & October ABS data to uncover trends about originations, extensions, collections and delinquencies

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SubPrime Auto Finance News Staff
Last week, both Kroll Bond Rating Agency (KBRA) and S&P Global Ratings shared intriguing findings based on analysis of September and October data generated by the automotive securitization market, noting trends about originations, extensions, collections and delinquencies. SubPrime Auto Finance ... [Read More]

Credit availability loosens, as average used-financing rate jumps to 12-year high

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SubPrime Auto Finance News Staff
While some retailers seemingly started Black Friday sales promotions before Labor Day, dealerships and finance companies likely are bracing for some additional business this week as consumers feel the urge to shop and make big purchases. As Cox Automotive noticed ... [Read More]

ICYMI: FTC delays Safeguards Rule implementation until June

FTC building
SubPrime Auto Finance News Staff
While a notable portion of the industry was in San Diego for Used Car Week, the Federal Trade Commission made a decision involving the Safeguards Rule that likely delighted attendees mingling about the Manchester Grand Hyatt, but also at dealerships, ... [Read More]

DriveItAway partners with DigiSure to smooth insurance processes

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SubPrime Auto Finance News Staff
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]

PODCAST: Equifax on intensifying verifications amid affordability challenges

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SubPrime Auto Finance News Staff
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]

Car Capital pauses originations, reduces workforce

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Nick Zulovich, Senior Editor
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]

defi SOLUTIONS expands NY facility for titling & more

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SubPrime Auto Finance News Staff
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]

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