Just like when weather forecasters watch for hurricanes to make a turn toward land this time of year, finance company leaders likely have been eyeing for when defaults would make an industry-wide move higher because of the coronavirus pandemic. According ... [Read More]

An Illinois franchised dealership is facing actions from the state attorney general for allegedly engaging in unfair and deceptive advertising and business practices Illinois attorney general Kwame Raoul filed a lawsuit this week against Skokie Motor Sales, which operates as ... [Read More]

Protective Asset Protection made another move this week aimed at helping dealerships during COVID-19. After rolling out online training this spring, the provider of F&I programs, services and dealer owned warranty company programs announced an update to its retrospective (retro) ... [Read More]

EFG Companies president and chief executive officer John Pappanastos returned to the Auto Remarketing Podcast to elaborate about the company’s updated 2020 predictions for the retail automotive and F&I market. As the U.S. economy experiences the pandemic-driven downturn, EFG predicts ... [Read More]

The American Recovery Association (ARA) has rescheduled the North American Repossessors Summit (NARS) for the second time because of the ongoing COVID-19 pandemic. According to a message distributed this week, the NARS committee shifted its event that had been on ... [Read More]

Part of PossibleNOW’s 20-year anniversary celebration includes a donation to a well-known charity aimed helping people with little or nothing to eat. The provider of customer insights, enterprise consent and preference management solutions, and direct marketing compliance, announced it agreed ... [Read More]

An independent member of APCO Holding's board of directors now is taking on an executive role for the provider and administrator of F&I products and home to the EasyCare and GWC Warranty brands. According to a news release, APCO Holdings ... [Read More]

The investment community is maintaining close observations on subprime auto financing. S&P Global Ratings on Monday said that its ratings on 27 classes from 20 U.S. subprime auto ABS transactions will remain on CreditWatch, where they were placed with negative ... [Read More]

National Automotive Experts and NWAN (NAE/NWAN) finalized a partnership with Ultimar this week. The companies explained the partnership allows NAE/NWAN to provide direct manufacturer access to Ultimar’s interior and exterior surface protection product technologies. NAE/NWAN said Ultimar and the entire ... [Read More]

Fintech and automated loss mitigation provider Constant rolled out an enhancement to its solution aimed at helping finance companies limit delinquencies and charge-offs as they navigate through modifications offered because of the coronavirus pandemic. The company launched AutoCare, a module ... [Read More]