Edmunds on why appeal of used EVs could surge as gas prices keep rising & affordability remains challenging

Wednesday, Mar. 11, 2026, 10:30 AM

PODCAST: Carleton’s Tim Yalich on how critical accurate payment information is to today’s car shoppers

Tuesday, Mar. 10, 2026, 10:57 AM

Already the top factor holding back dealership business, potential economic headwinds build

Monday, Mar. 9, 2026, 10:53 AM

Latest Stories

Edge Financial Services names Marohn as CEO to lead growth strategy

Another former T-Mobile executive joins Credit Acceptance

NAF Association collecting nominations for awards to be given during 30th annual conference

Industry Elite: Sean Morgan of Westlake Financial

Monday, Mar. 23, 2026, 03:07 PM

Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here

Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings

Monday, Mar. 23, 2026, 01:56 PM

Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here

Industry Elite: Mike Clark Jr. of C&C Cars

Friday, Mar. 20, 2026, 03:50 PM

Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

November auto defaults remain below recent cyclical peaks

News 1204164946

Tuesday, Jan. 7, 2020, 03:04 PM

SubPrime Auto Finance News Staff

While default data for the closing month of 2019 is still a couple of weeks away from being released, S&P Dow Jones Indices and Experian previously shared their default metrics for November. And the auto-finance metric remained below the cyclical ... [Read More]

Average APR on used & new financing softens as 2019 closes

car and money 1406114906

Monday, Jan. 6, 2020, 04:17 PM

SubPrime Auto Finance News Staff

While most used-vehicle financing metrics closed 2019 at a steady pace, Edmunds noticed the average interest rate for a new-vehicle retail installment contract fell for the third month in a row in December, dropping to its lowest point since February ... [Read More]

Santander completes purchase of $1.1 billion auto loan portfolio

auto finance pic 2

Friday, Jan. 3, 2020, 05:16 PM

SubPrime Auto Finance News Staff

Just before Christmas, Santander Consumer USA Holdings wrapped up the purchase of a $1.1 billion indirect vehicle loan portfolio from Gateway One Lending & Finance, the finance company announced. Also included in the deal is an additional conversion of $0.5 ... [Read More]

Partnership could bring continued expansion for Westlake Financial

approve

Friday, Jan. 3, 2020, 05:01 PM

SubPrime Auto Finance News Staff

Westlake Financial and Nowcom Corp. say that their new strategic partnership with Source One Financial Corp. allows Westlake expansion to continue in what they say is a large and growing Canadian non-prime automotive finance market. Through the partnership, Westlake will provide backing for ... [Read More]

More 2020 expectations on affordability and interest rates

2020 projections

Friday, Dec. 13, 2019, 04:23 PM

SubPrime Auto Finance News Staff

As part of its expectations for the 2020 credit market, TransUnion acknowledged that issues surrounding vehicle affordability will continue to persist in the coming year. But with the Federal Reserve leaving interest rates unchanged this week — and policymakers alluding ... [Read More]

Kraninger highlights accomplishments during first year leading CPFB

another kraninger picture

Thursday, Dec. 12, 2019, 03:09 PM

SubPrime Auto Finance News Staff

This week, Consumer Financial Protection Bureau director Kathleen Kraninger celebrated her one-year anniversary leading the regulator. Kraninger highlighted through a news release that during her first year she met with more than 800 consumers, consumer groups, state and local government ... [Read More]

Top 10 states for 30-day delinquency in Q3

collections

Wednesday, Dec. 11, 2019, 04:34 PM

SubPrime Auto Finance News Staff

Perhaps signaling locations where your collections department needs to tailor its focus, Experian pinpointed the top 10 states with the highest rates of 30-day delinquency after the third quarter. According to Experian’s Q3 2019 State of the Automotive Finance Market ... [Read More]

EFG Companies reveals 4 predictions about F&I and other dealership activities in 2020

couple-buying-car

Wednesday, Dec. 11, 2019, 04:19 PM

SubPrime Auto Finance News Staff

On Wednesday, four leading executives from EFG Companies made their 2020 predictions and recommendations for the retail automotive and powersports F&I markets. With what they see as potentially another flat year on the horizon, the EFG leaders predicted that the ... [Read More]

KBRA shares expectations for 2020 ABS market

money-stack

Wednesday, Dec. 11, 2019, 04:17 PM

SubPrime Auto Finance News Staff

The Kroll Bond Rating Agency (KBRA) released its 2020 forecast for the automotive asset-backed securities, mentioning how a new participant might generate more activity in this arena. Analysts said in their report shared with SubPrime Auto Finance News this week ... [Read More]

COMMENTARY: Considering an improved auto-loan calculator

approve

Tuesday, Dec. 10, 2019, 04:21 PM

Wendy De La Rosa and Richard Mathera, Common Cents Lab

Recent Federal Reserve data shows that more than 4 million Americans are more than 90 days late on their car loan payments. There are many reasons someone may default on an auto loan: job loss, health emergency or an expensive ... [Read More]

X