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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

Colorado dealer associations endorse Dealertrack titling tools

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SubPrime Auto Finance News Staff
Cox Automotive is on a Rocky Mountain high — and in a good way. This week, the company announced the Colorado Automobile Dealers Association (CADA) and Colorado Independent Automobile Dealers Association (CIADA) have both exclusively endorsed Dealertrack’s in-state registration and ... [Read More]

New research about record inflation impacting consumers living paycheck to paycheck

another couple paying bills
SubPrime Auto Finance News Staff
The customers in your auto finance company portfolio or arriving at your dealership might not be feeling so great about their current family budget situation based on the latest research recently shared by LendingClub Corp. and the BMO Real Financial ... [Read More]

Edmunds modifies auto finance data collection, as Q3 metrics keep rising

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SubPrime Auto Finance News Staff
Edmunds said its analysts have adjusted their auto finance data cleaning process to include new and used monthly payments up to $2,000 to account for changes to the market, as previously the limit was up to $1,500. Based on the ... [Read More]

Auto defaults make largest rise so far in 2022

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SubPrime Auto Finance News Staff
Here’s another piece of auto finance industry data to consider as you close the books on another month and quarter. While perhaps still relatively modest, auto defaults made their largest month-over-month rise so far this year. According to data from ... [Read More]

Launcher boosts LOS with enhanced access to The Work Number

approve
SubPrime Auto Finance News Staff
For the second time in September, Launcher enhanced its technology geared to streamline originations via collaboration with an industry partner. After earlier boosting integrated access to CARFAX Vehicle History Reports, this week the company announced an expanded integration of Launcher’s ... [Read More]

RISC waiving fees for repo agents in Florida

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SubPrime Auto Finance News Staff
Hurricane Ian made landfall on Wednesday near Cayo Costa, Fla., which is just south of RISC’s corporate headquarters in the Sunshine State. In response to the impact caused by the destructive storm, RISC said on Thursday that the company is ... [Read More]

4 banking associations & 3 business groups unite to sue CFPB

CFPB building
Nick Zulovich, Senior Editor
The banking industry basically told the Consumer Financial Protection Bureau: “We’ll see you in court.” Four banking associations, plus the U.S. Chamber of Commerce and two other business-driven organizations in the Lone Star State, filed a lawsuit in the Eastern ... [Read More]

PODCAST: More from compliance expert Randy Henrick about Safeguards Rule

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SubPrime Auto Finance News Staff
Dealer compliance expert Randy Henrick acknowledged moderate surprise that the Federal Trade Commission didn’t delay December implementation of the revamped Safeguards Rule even as industry associations and a fellow government agency recommended it. In this episode of the Auto Remarketing ... [Read More]

Ignite Consulting Partners explains why door knocking can be risky business

door knocking
SubPrime Auto Finance News Staff
Through a recent installment of its tip of the week, Ignite Consulting Partners tackled a strategy that some collections departments might use to kickstart stalled efforts to find and reach their delinquent account holders. Perhaps the opposite of text messaging, ... [Read More]

DDI Technology enters electronic lien & title market in West Virginia

west virginia sign
SubPrime Auto Finance News Staff
Last week, DDI Technology said it expanded its corporate offices to handle more work. This week, the electronic lien and title technology firm and a subsidiary of IAA, showed the reason for that move, expanding of its electronic lien and ... [Read More]

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