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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

PODCAST: Product refunds in the digital era

Allied solutions at AIS 2022 for web
SubPrime Auto Finance News Staff
There’s another part of the digital world of financial services within automotive that might not get the attention of pre-approvals and the path toward delivery, but not completing it correctly can land finance companies in trouble. It’s refunding warranties and ... [Read More]

While employment continues to stabilize, consumer confidence and debt-free aspirations sag

DATA_UNITED_LDS_Debt_Stress for web
Nick Zulovich, Senior Editor
A variety of insights and trends from Data United LDS, the Conference Board, Fitch Ratings and Cox Automotive combined to offer quite a potential picture of the consumer who already has a contract in your portfolio or who might be ... [Read More]

PODCAST: April fraud chat with Point Predictive on taxes

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SubPrime Auto Finance News Staff
For the monthly installment of the Auto Remarketing Podcast about fraud with Point Predictive, we tackle taxes since consumers had to complete their state and federal filings by April 18. Point Predictive’s Justin Davis and Frank McKenna recapped some of ... [Read More]

PREMIUM PODCAST: Remote work & increasing delinquencies

JW panel at AIS
SubPrime Auto Finance News Staff
As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit. The next episode in this series features a discussion about remote ... [Read More]

CFPB explains reasons for using ‘dormant authority’

CFPB building_3_0_0
SubPrime Auto Finance News Staff
Along with detailing another procedural rule, the Consumer Financial Protection Bureau (CFPB) found another potential way to examine your operations and potentially take actions against your company. This week, the CFPB announced that it is invoking a largely unused legal ... [Read More]

Double-digit jump in 2022 tax refunds helps February payments

KBRA march 2022 chart for web
Nick Zulovich, Senior Editor
According to the April 15 update from the Internal Revenue Service, the IRS had issued $242.62 billion in federal income tax refunds so far this season, representing at 15.2% lift year-over-year. Kroll Bond Rating Agency (KBRA) noticed that consumers appear ... [Read More]

Protective Asset Protection deepens powersports F&I presence with RumbleOn

motorcycle pic
SubPrime Auto Finance News Staff
Protective Asset Protection announced just about a month ago that it was set to acquire AUL Corp. to create a conglomerate used by thousands of auto dealers. On Monday, the provider of F&I programs and services signed a national agreement ... [Read More]

McGlinchey continues firm growth with 2 new additions

mcglinchey pair for web
SubPrime Auto Finance News Staff
During the past six months, McGlinchey’s consumer financial services compliance team has added eight new attorneys (including two members) in five offices, including Albany, N.Y., Cleveland, Houston, New Orleans and Washington, D.C. According to separate announcements, the newest additions are ... [Read More]

Average rates on refinancing rise 15 basis points, but remain lower than a year ago

row of cars
SubPrime Auto Finance News Staff
While Cox Automotive recently reported that auto credit availability still remains at a record reading, RateGenius indicated another part of auto financing remains pretty healthy, too. The platform recently released its monthly Auto Refinance Rate Report revealing the current average ... [Read More]

Auto credit availability remains at record readings

Dealertrack-Credit-Availability-Index-chart for web
Nick Zulovich, Senior Editor
There might not be a robust amount of used and new vehicles available to retail, but access to credit to fuel originations and deliveries appears to be quite plentiful. For the second month in a row, the Dealertrack Credit Availability ... [Read More]

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