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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
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

October auto default rate stays on par with historical trendline

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SubPrime Auto Finance News Staff
While a bit higher than the year-ago reading, the latest auto-finance default rate included among the S&P/Experian Consumer Credit Default Indices is on par with what the metric has been in October multiple times during the past five years. This ... [Read More]

Federal and state regulators approve merger of BB&T and SunTrust

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SubPrime Auto Finance News Staff
A banking merger first announced back in February finally received a blessing from federal regulators on Tuesday. The Federal Reserve Board met and approved the application by BB&T Corp. of Winston-Salem, N.C., to merge with SunTrust Banks of Atlanta, becoming ... [Read More]

Russi resurfaces as part of Resolvion’s board

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SubPrime Auto Finance News Staff
Resolvion — the newly formed provider of loss mitigation services stemming from the recent merger of ALS Resolvion and Del Mar Recovery Solutions — added a well-known executive to its board. Resolvion announced on Wednesday that Tim Russi, former vice ... [Read More]

Geostamping capability among latest enhancements from RDN and Clearplan

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SubPrime Auto Finance News Staff
Coming on the heels of multiple discussions during Used Car Week 2019 about improving efficiencies during the recovery process, a pair of KAR Global business units rolled out key platform enhancements meant to accomplish that objective. Recovery Database Network (RDN) ... [Read More]

KBRA: Seasonal impact on October ABS indices intensifies

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SubPrime Auto Finance News Staff
The seasonal impact Kroll Bond Rating Agency (KBRA) expected to see when analysts assembled their latest prime and non-prime indices of the automotive asset-backed securities (ABS) market arrived in October. KBRA reported auto loan ABS credit performance weakened again in ... [Read More]

Steadiness a theme in TransUnion Industry Insights report

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Daryl Lubinsky, Correspondent
Subprime, near-prime and prime year-over-year origination growth all saw year-over-year declines for the first time since a six-quarter pullback that lasted from the third quarter of 2016 to the fourth quarter of 2017, according to a new report from TransUnion. But ... [Read More]

ALS Resolvion and Del Mar Recovery Solutions announce merger

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SubPrime Auto Finance News Staff
American Recovery Association executive director Les McCook has proven to be quite prophetic stemming from a comment he made during the Innovations in Recovery Summit hosted by ALS Resolvion in late September. McCook said, “In the next 24 months, there ... [Read More]

Copart selected as Innovator of the Year for solution that benefits entire customer base

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Nick Zulovich, Senior Editor
The newest accolade to be handed out during Used Car Week is going to an operation that’s been a publicly traded company for 25 years. But one of the reasons Copart has been successful for that span is being able ... [Read More]

Dealertrack and IAA testing integrated solution to expedite settlements and titles

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SubPrime Auto Finance News Staff
Two operations that finance companies likely know and perhaps use their services — Dealertrack and IAA — now are working closely together. On Thursday, Dealertrack announced a new integration with IAA. The companies said bringing together two technology solutions — ... [Read More]

Top 25 cities with highest & lowest ratios of delinquent credit accounts

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SubPrime Auto Finance News Staff
Perhaps this Experian data can be a guide for finance company collection departments and recovery operations as to the locations where more resources might be needed and locales where resources could be scaled back. Experian recently identified the top 25 ... [Read More]

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