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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

FICO explains reasons for slight dip in average credit scores within auto

SubPrime Auto Finance News Staff
As the average U.S. FICO score has held steady, the auto-finance portion of the fall edition of the FICO Score Credit Insights report released on Tuesday revealed a slightly different situation. Analysts indicated the average FICO core for newly issued ... [Read More]

Fitch watches tax-refund boost on securitizations fade during half of the year

tax refund image_7
SubPrime Auto Finance News Staff
The positive bump from federal tax refunds on auto securitizations evidently faded notably as this year has moved along. Fitch Ratings reported last week that performance in U.S. auto loan ABS softened during the first half of this year following ... [Read More]

SEC rolls out more charges against former Tricolor executives who have already been federally indicted

SubPrime Auto Finance News Staff
The Securities and Exchange Commission took its turn this week at trying to punish leadership of Tricolor Holdings that already has been indicted by the Department of Justice. The SEC charged Daniel Chu, Jerome Kollar, and Ameryn Seibold — Tricolor’s ... [Read More]

Conn. Nissan dealer settles for $4M with FTC & state AG over lawsuit involving fees & CPO vehicles

SubPrime Auto Finance News Staff
A lawsuit the Federal Trade Commission and state of Connecticut filed more than two and a half years ago resulted in a $4 million settlement with a Manchester, Conn., auto dealer and its owners and managers. The crux of the ... [Read More]

Southeast strategy: Weltman, Weinberg & Reis acquires Nathan & Nathan

SubPrime Auto Finance News Staff
Law firms are often key cogs in mergers and acquisitions coming to fruition. In this case, law firms are the ones making the transaction. In what leadership called “a natural fit,” Weltman, Weinberg & Reis Co. on Wednesday announced the ... [Read More]

Former Impel, Dealer Inspire, Dealer.com exec joins PCMI to oversee customer success

SubPrime Auto Finance News Staff
PCMI, a provider of cloud-based administration software for F&I products and service contract programs, last week announced that Elizabeth Hern has joined the company as vice president of customer success. According to a news release, Hern will lead PCMI’s Customer ... [Read More]

Edmunds on depth of ‘The Vanishing Affordable Used Car’

SubPrime Auto Finance News Staff
Edmunds brought more interesting data to support the title of latest quarterly used-car report that highlighted how challenging it can be to get deals done with consumers who are not flush with cash or available credit. With the appropriate title, ... [Read More]

PODCAST: Additional insight into FTC’s move involving disparate impact from Hudson Cook

SubPrime Auto Finance News Staff
The Federal Trade Commission recently announced it will not pursue claims based on disparate-impact or “unfair discrimination” theories. In this episode of the Auto Remarketing Podcast, Hudson Cook partners Erica Kramer and Rob Tilley offered some historical perspectives and a ... [Read More]

AFSA & NIADA welcome halt of discretionary publication of complaint narratives & visualizations by CFPB

CFPB files lawsuit against US Auto Sales servicer
SubPrime Auto Finance News Staff
Amid significant criticism from consumer advocates, both the American Financial Services Association and the National Independent Automobile Dealers Association welcomed last week’s move by the Consumer Financial Protection Bureau to cease publication of unverified complaint narratives and visualizations. Through a ... [Read More]

DriveItAway posts highest monthly revenue in company history

SubPrime Auto Finance News Staff
Getting consumers into a vehicle they can afford via a subscription is becoming a lucrative endeavor for DriveItAway Holdings. This week, the provider of flexible vehicle subscriptions and mobility solutions that has partnered with Stellantis’ global mobility division announced preliminary ... [Read More]

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