Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

ARA offers support to repo agencies as coronavirus pandemic creates confusion

best practices
SubPrime Auto Finance News Staff
The American Recovery Association issued a message late Tuesday, acknowledging the immense problem the coronavirus pandemic is causing when it comes to collections and vehicle repossessions. As more states and municipalities issue stay-at-home orders, ARA has tried to get clarity ... [Read More]

UPDATED: Auto-finance industry makes more adjustments as coronavirus pandemic evolves

covid 19 image for website
SubPrime Auto Finance News Staff
With guidelines to contain the spread of COVID-19 also suffocating regular activity of financing and retailing vehicles, the auto-finance industry continues to make adjustments to shore up their businesses and maintain contact and services to customers. Cherokee Media Group gathered ... [Read More]

6 association ask for CECL implementation pause

accounting image
SubPrime Auto Finance News Staff
The American Bankers Association. American Financial Services Association and the Consumer Bankers Association represented half of the industry groups that sent a letter on Sunday to the Securities and Exchange Commission (SEC) to delay implementation of the Current Expected Credit ... [Read More]

Experian returning to Twitter to offer education program amid COVID-19

experian credit chat for web
SubPrime Auto Finance News Staff
Along with many finance companies offering their own programs, Experian also is accelerating and enhancing its financial education in response to the urgent and rapid changes associated with COVID-19. With expected delays in bill payments, unprecedented layoffs, hiring freezes and ... [Read More]

Free webinar to help maintain call-center continuity

new training stock image
SubPrime Auto Finance News Staff
CallMiner is leveraging its 17 years of experience to offer a free webinar to help finance companies keep one of their most important departments functioning as the coronavirus impact intensifies  — their call centers. CallMiner’s Steve Chirokas and Brian LaRoche ... [Read More]

KBRA spots February ABS improvement but braces for forthcoming deterioration

calculator plus money_1468060688
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) noticed seasonal improvement in February as analysts released their auto loan ABS update this week. However, much of KBRA’s latest discussion revolved around the impact COVID-19 is going to leave. But first, analysts reviewed their ... [Read More]

Ally to defer consumer payments up to 120 days

latest news
SubPrime Auto Finance News Staff
Ally Financial took significant action to help both consumer and dealer customers who might be experiencing significant cash-flow issues triggered by the COVID-19 health crisis. In a news release distributed on Wednesday afternoon, Ally said existing loan customers will be ... [Read More]

Latest 60-day delinquency readings show stability going into potential turbulence

bar-chart
SubPrime Auto Finance News Staff
Similar to the latest reading on defaults, Experian’s Q4 2019 State of the Automotive Finance Market Report showed 60-day delinquencies finished the year in a stable place as the industry braces for potential jumps in these metrics stemming from the ... [Read More]

700Credit secures certified provider status with VehiclesNETWORK

shop-online
SubPrime Auto Finance News Staff
Auto Search Technologies’ transition to becoming VehiclesNETWORK continued on Wednesday as 700 Credit gained certified provider status from VehiclesNETWORK for its consumer pre-qualification (QuickQualify) and full credit application (QuickApplication) platforms. Now dealers who use VehiclesNETWORK to build and manage their ... [Read More]

February auto defaults drop by 10 basis points

money and key_169254722
SubPrime Auto Finance News Staff
Here’s some encouraging news amid all of the economic turmoil caused by COVID-19. The auto segment of the S&P/Experian Consumer Credit Default Indices showed a significant decline in February. On Tuesday, Dow Jones Indices and Experian released their data through ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X