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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

CFPB: More than 1 in 4 consumers with a credit report have debt in collections

collections
Monday, Jul. 22, 2019, 04:22 PM
SubPrime Auto Finance News Staff
If a representative from your collections department is trying to find the person who is behind on their vehicle retail installment sales contract, a reasonable chance exists that other organizations are seeking the whereabouts of that individual, too, because of ... [Read More]

Budco Financial integrates with Darwin Automotive

partnership
Monday, Jul. 22, 2019, 03:17 PM
SubPrime Auto Finance News Staff
On Monday, Budco Financial announced the integration of its 0% payment plan services into the entire suite of Darwin Automotive F&I software solutions. Officials explained Budco Financial’s addition to the Darwin F&I and Service menus, digital retailing solution and the new ... [Read More]

Subprime US auto loan ABS performance mixed in May

investment picture
Monday, Jul. 22, 2019, 03:15 PM
SubPrime Auto Finance News Staff
Collateral performance in the subprime U.S. auto loan asset-backed securities (ABS) sector in May was mixed, according to the most recent S&P Global Ratings report. Analysts discovered subprime auto loan ABS month-to-month declines in both losses and recoveries during May. ... [Read More]

Hurzeler continuing leadership career with Flagship

board-room
Friday, Jul. 19, 2019, 02:41 PM
SubPrime Auto Finance News Staff
A recognized name in the auto-finance space now is leading Flagship Credit Acceptance, which is setting its sights on continued growth. The finance company announced this week that Bob Hurzeler joined Flagship as its chief executive officer and as a ... [Read More]

Westlake sets company ABS record with 5th consecutive offering above $1B

money-stack
Friday, Jul. 19, 2019, 02:37 PM
SubPrime Auto Finance News Staff
This week, Westlake Financial Services finalized another securitization above $1 billion, setting a new company record in the process. Westlake announced the closing of its 19th asset-backed securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever ... [Read More]

FASB board takes step to delay CECL implementation

accounting image
Thursday, Jul. 18, 2019, 02:36 PM
Nick Zulovich, Senior Editor
Perhaps accounting specialists at some auto-finance companies and buy-here, pay-here dealerships can exhale a bit as major new mandates involving how they track bad debts might not be implemented for another year. An update from the Financial Accounting Standards Board ... [Read More]

ARA unveils new health insurance program for members

news update
Wednesday, Jul. 17, 2019, 04:37 PM
SubPrime Auto Finance News Staff
The American Recovery Association is looking to help members with one of the most important benefits repossession agencies can offer their employees. This week, ARA, in partnership with Harding Brooks Insurance Agency, announced the newest member benefit: a national, cost-effective ... [Read More]

CUNA Mutual Group spots middle-class financial anxiety growing

paying bills
Wednesday, Jul. 17, 2019, 04:08 PM
SubPrime Auto Finance News Staff
Consumers who might be connected to an installment contract in your portfolio could be a little uneasy about staying current even as the latest reading showed defaults stayed steady. Middle-class Americans are less optimistic about their ability to achieve upward ... [Read More]

7 activities of future high performers in auto finance

job interview
Wednesday, Jul. 17, 2019, 03:58 PM
SubPrime Auto Finance News Staff
Human resources expert and National Automotive Finance Association board member Don Jasensky of Automotive Personnel recently shared seven activities of a job candidate who might be a future high performer for your dealership or finance company. Jasensky leveraged his 30 ... [Read More]

Auto among 4 unchanged June default metrics

chart
Tuesday, Jul. 16, 2019, 02:48 PM
SubPrime Auto Finance News Staff
Steady is an adjective that certainly summarizes the latest default data discovered by S&P Dow Jones Indices and Experian. According to the latest update released on Tuesday, all of the segments included in the S&P/Experian Consumer Credit Default Indices remained unchanged ... [Read More]
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