As the subprime auto finance company collected another workplace award, Credit Acceptance Corp. also announced an update this week involving its latest securitization. Credit Acceptance completed a $500.0 million asset-backed non-recourse secured financing.  Pursuant to this transaction, the company contributed ... [Read More]

Westlake Financial Services is looking to help dealership customers who have special needs when they make their next vehicle purchase while helping a business partner achieve the objective of “accessibility for all.” This week, Westlake announced a partnership with MobilityWorks, ... [Read More]

When Mazda vehicles roll over the curb at one of the automaker’s franchised dealerships, there’s now a likelihood the preceding floorplan and newly signed retail installment contract or vehicle lease likely will be connected to Toyota. According to a filing ... [Read More]

One of the most frequent guests on the Auto Remarketing Podcast is back for another episode. DRN’s Jeremiah Wheeler recapped his TED-style presentation during this summer’s Auto Intel Summit along with looking ahead to Used Car Week, which begins on ... [Read More]

One of the regular contributors published within SubPrime Auto Finance News is taking on another industry responsibility. Linda Robertson, executive director of the Association of Dealership Compliance Officers (ADCO), announced on Wednesday that Randy Henrick has joined ADCO’s board of ... [Read More]

Your finance company's underwriting department should be quite busy during the next few days if the newest research from WalletHub is any indication. Despite business headlines chronicling the travails of the stock market and international trade clashes, WalletHub projected that ... [Read More]

Younger consumers are paying more for vehicle repairs than their older counterparts, according to a survey orchestrated by Ally Financial, which also reinforced the value of vehicle service contracts. A recent Ally survey conducted online by The Harris Poll among ... [Read More]

At its recent User Summit, DealerSocket lauched a new integration between the software company’s Precise Price digital retailing solution and F&I Express’ network of approximately 160 F&I product providers. The companies highlighted this new combination can enable an even more ... [Read More]

Universal Lenders recently announced the integration of its ZERO Plan program with the entire suite of Darwin Automotive F&I and digital retailing software solutions. The companies explained this integration partnership will allow Darwin’s dealer clients access to premium finance all ... [Read More]

For the second time this month, the Justice Department announced prison punishments for charges related to fraudulent auto financing. Not long after getting a judge to sentence a Wisconsin man in connection with a Ponzi scheme fueled by luxury vehicles, ... [Read More]