Only three states posted 60-day delinquency rates above 1 percent during the second quarter, according to Experian’s State of the Automotive Finance Market report. Overall, analysts found that 60-day delinquencies dropped by 3 basis points year-over-year, settling at 0.64 percent ... [Read More]

Attorneys general are continuing to implore the Consumer Financial Protection Bureau to be an aggressive regulator. Through a letter delivered on Wednesday, New York attorney general Barbara Underwood — part of a coalition of 14 AGs — called on the ... [Read More]

Equifax is looking to help banks navigate one of the most complicated accounting changes ever instituted. On Wednesday, Equifax unveiled its SmartReserve offering to help banks and financial institutions registered with the Securities and Exchange Commission meet the new Current Expected ... [Read More]

While trends involving zero percent finance deals for new vehicles intrigued analysts, Edmunds also noticed jumps in annual percentage rate (APR) and down payments to get used vehicles delivered in August. According to data shared on Tuesday, Edmunds determined that ... [Read More]

Back in 1988, a gallon of gas cost less than a dollar, and birds did all of the tweeting. Now with fuel much more expensive and tweeting having an entirely different connotation, Westlake Financial Services is celebrating, having reached 30 ... [Read More]

As summertime unofficially winds down, Spireon is celebrating a number of corporate milestones secured during the first half of the year. Spireon attributed product innovation, “white-glove” customer service and key industry partnerships to increases in revenue, active subscriptions and customer ... [Read More]

The amount of outstanding deep subprime paper slid to an all time low during the second quarter, according to Experian’s State of the Automotive Finance Market report released on Thursday. Analysts discovered deep subprime softened to an all-time low of ... [Read More]

Two service providers perhaps already being leveraged at your store now are working together to help you turn more financed deliveries. This week, Auto/Mate Dealership Systems integrated its dealership management system (DMS) with ProMax, a leading supplier of retail automotive ... [Read More]

The deceleration of auto-finance origination stopped in this first quarter, according to TransUnion’s newest Industry Insights Report released earlier this week. But the subprime segment didn’t trigger the change. After six consecutive year-over-year declines beginning in third quarter of 2016, ... [Read More]

S&P Global Ratings recently offered more analysis as to how it examines subprime auto loan asset-backed securities (ABS) issuers in light of what the firm described as an increasingly noticeable trend. The firm explained that certain U.S. subprime auto loan ... [Read More]