Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

Wednesday, Jul. 15, 2026, 09:51 AM

APCO boosts EasyCare footprint via acquisition for second time in less than a week

Tuesday, Jul. 14, 2026, 10:44 AM

SAFCO promotes CFO to president

Monday, Jul. 13, 2026, 11:54 AM

Latest Stories

Acting CFPB director defends changes to ‘out-of-control’ agency during Congressional hearings

Edmunds pinpoints top 20 trades with negative equity in Q2

Auto Data Direct rolls out CarLocate in Texas

The Spark Between EVs & CPO

Thursday, Jul. 16, 2026, 02:46 PM

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

Vincenzo Ciampi of iA Financial Group

Tuesday, Jun. 30, 2026, 10:53 AM

Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

Ted Berlovich of Clutch

Monday, Jun. 29, 2026, 03:44 PM

Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Dissecting potential ‘rough road’ in auto finance

bar-chart

Thursday, Jul. 21, 2022, 03:37 PM

SubPrime Auto Finance News Staff

After recently releasing its monthly indices, Kroll Bond Rating Agency (KBRA) asked a question that your finance company might be pondering, too. Considered through the prism of the auto securitization market, KBRA titled a new report, Auto Loan ABS: Rough ... [Read More]

Recommendations when collections departments contact third parties & references

collections

Wednesday, Jul. 20, 2022, 04:08 PM

SubPrime Auto Finance News Staff

Ignite Consulting Partners directed one of its recent tips of the week at collection departments and their staff. When touching on third parties and references, Ignite asked the question many collectors might, too. “What can you say and not say?” ... [Read More]

Veros Credit to open service center in Texas

news pic

Wednesday, Jul. 20, 2022, 03:49 PM

SubPrime Auto Finance News Staff

Veros Credit said it still is enjoying exponential growth while navigating through today’s challenging macroeconomic landscape. To enrich its footprint in Texas, Veros Credit announced last week that it is slated to open a dealer and customer service center in ... [Read More]

CFPB reiterates position on repos & SCRA

troops shutterstock_716351914_0

Wednesday, Jul. 20, 2022, 03:46 PM

SubPrime Auto Finance News Staff

A trio of officials from the Consumer Financial Protection Bureau reiterated their position about repossessions and Servicemembers Civil Relief Act (SCRA). Earlier this week, Patrick Brick, Ryan Kelly and Chris Kukla published a blog post on the bureau’s website recapping ... [Read More]

Auto defaults now sit 32 basis points higher than all-time low

experian-graph-1 for web

Tuesday, Jul. 19, 2022, 02:46 PM

SubPrime Auto Finance News Staff

Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices and Experian released ... [Read More]

CPS & UACC enhance financial flexibility

auto financing

Monday, Jul. 18, 2022, 03:44 PM

SubPrime Auto Finance News Staff

Consumer Portfolio Services (CPS) and United Auto Credit Corp. (UACC) each made moves to shore up their flexibility to book more paper. Beginning with CPS, the company announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and ... [Read More]

EFG Companies shares recommendations & second-half outlook

agreement-papers

Monday, Jul. 18, 2022, 03:41 PM

SubPrime Auto Finance News Staff

Dealerships and finance companies currently might be encountering unique circumstances, but EFG Companies recommends that they approach the current automotive retail and financing landscapes with a strategy that’s likely worked for decades. The provider of consumer protection programs for vehicles ... [Read More]

Protective unveils new professional training curriculum program for dealers & F&I staff

training

Friday, Jul. 15, 2022, 02:46 PM

SubPrime Auto Finance News Staff

Protective Asset Protection believes that professional development is crucial to the success of every dealership today. So, the provider of F&I programs and services announced this week that it has created new training opportunities for F&I professionals across the country. ... [Read More]

Dealertrack Credit Availability Index sags again from record high

dealertrack chart June 2022 for web

Thursday, Jul. 14, 2022, 02:48 PM

SubPrime Auto Finance News Staff

While declining now for two months in a row, Cox Automotive reiterated that the streak connected with the Dealertrack Credit Availability Index began with the measurement at its all-time high. A Cox Automotive Data Point distributed this week showed the ... [Read More]

CFPB ‘makes clear’ credit report usage under FCRA

CFPB building_3_0_0_0

Wednesday, Jul. 13, 2022, 03:36 PM

SubPrime Auto Finance News Staff

Last week, the Consumer Financial Protection Bureau (CFPB) turned its attention back to credit reports. The bureau said it issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose ... [Read More]

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