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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

Industry leans on two primary financing tools in September

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Nick Zulovich, Senior Editor
The auto-finance industry went to two of the most readily accessible tools it has to complete new-vehicle deliveries in September as transaction prices for new metal continue to stretch buyers’ purchasing capabilities. As J.D. Power spotted incentives climbing to within ... [Read More]

Maxim family acquires DealerMax with aim of growing F&I training firm

acquisition
SubPrime Auto Finance News Staff
The Maxim family is embarking on its next endeavor in the F&I space. In a joint news release distributed last week, Hunter Malone, owner of DealerMax, announced the sale of his firm’s assets to Jim Maxim Jr. and Jim Maxim Sr. ... [Read More]

Harnessing technology to make recovery updates more useful

als resolvion panel
Nick Zulovich, Senior Editor
Justin Zane offered vivid imagery to finance company attendees during the opening session of ALS Resolvion’s Innovations in Recovery Summit last week on the topic of updates regarding agencies’ efforts to find vehicles that are out for repossession. “Visualize a ... [Read More]

CoreLogic Credco integrates with eLEND Solutions to boost pre-qualification efforts

online car shopping
SubPrime Auto Finance News Staff
Two firms finalized an integration this week to make individuals’ credit scores more readily accessible earlier in the vehicle-sales cycle to help dealers and finance companies. CoreLogic, a global provider of property information, insight, analytics and data-enabled solutions, announced that ... [Read More]

60-day delinquency rate stays nearly flat in Q2

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SubPrime Auto Finance News Staff
Experian determined the 60-day delinquency rate remained almost at the exact same reading year-over-year, with the second-quarter rate coming in at 0.65%. That’s just 1 basis point higher than what analysts spotted after Q2 2018. Experian’s Q2 2019 State of ... [Read More]

CFPB director makes ‘unprecedented appearance’ at NIADA National Policy Conference

CFPB at NIADA conference
SubPrime Auto Finance News Staff
The leader of the Consumer Financial Protection Bureau discussed a variety of compliance topics with the National Independent Automobile Dealers Association. Organizers called it an “unprecedented appearance” by CFPB director Kathy Kraninger that highlighted Tuesday’s regulatory briefings at NIADA’s National ... [Read More]

Noticeable August auto default rise happens again

auto financing
SubPrime Auto Finance News Staff
The noticeable upturn in defaults finance companies might be used to seeing from July into August unfolded again this year, according to the S&P/Experian Consumer Credit Default Indices. Data through August from S&P Dow Jones Indices and Experian showed the ... [Read More]

Sales & originations might not see immediate lift despite another Fed rate cut

Federal reserve
Nick Zulovich, Senior Editor
While the Federal Reserve cutting interest rates twice in less than two months certainly has generated plenty of attention, automotive experts aren’t quite so sure the actions will directly lead to immediate upticks in vehicle deliveries and loan originations. The chief economists at ... [Read More]

PAR North America boosts skip-tracing with masterQueue

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SubPrime Auto Finance News Staff
During this summer’s Automotive Intelligence Summit, masterQueue finalized a partnership with PassTime. On Thursday, the web-based Software-as-a-Service platform that can automate the skip-tracing process expanded its relationship with PAR North America, a business unit of KAR Auction Services. According to ... [Read More]

COMMENTARY: 5 success strategies for consumer lenders in 2020

strategy picture
Daniel Chu, Tricolor Auto Group
Investors love growth, and as we approach the longest sustained period of growth in the history of the United States, the business climate has been almost unprecedented. The Dow Jones Industrial Average is hovering around record highs and unemployment is ... [Read More]

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