The senior vice president of operations at Primeritus Financial Services now is the forwarding company’s first chief operating officer. The company announced on Friday that Chris McGinness has been appointed as COO effective immediately. As chief operating officer, Primeritus highlighted that ... [Read More]

Not since the credit pinch triggered by the Great Recession have subprime originations been this low, giving finance companies a clear indication where in the cycle the industry currently sits. With the uptick in average credit scores for vehicle financing ... [Read More]

KAR Auction Services announced two major purchases in November. In this conversation at Used Car Week, we talk with three folks involved in the first of those two: KAR's purchase of Clearplan, which was announced on Nov. 12.  Clearplan is ... [Read More]

The relentless drive to reduce repossession related costs while, at the same time meeting the demands/expectations of regulators, may be catching up with us. As one of the largest repossession management firms, we stay very close to the dynamics of ... [Read More]

This week, F&I Express announced that it has added Zurich North America’s F&I products to its platform of digital solutions. The company highlighted the move can provide dealerships across the country with broader technology and innovation options for accessing Zurich’s ... [Read More]

At a typical dealership, the finance office might only be a few paces from the service drive. But if stores large and small want to improve their performances in 2019 and beyond, EFG Companies emphasized that personnel in both dealership ... [Read More]

With less than a month remaining in the calendar year, tax matters are top of mind at the National Automobile Dealers Association. NADA recapped that the IRS recently proposed a rule on the additional first year depreciation deduction provision that ... [Read More]

The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500. That’s according to the latest auto finance data from Edmunds, as ... [Read More]

The process for establishing Kathleen Kraninger as the next director of the Consumer Financial Protection Bureau took another sharply, politically divided step forward on Thursday as the Senate barely approved invoking cloture to end debate about her nomination. Composition of ... [Read More]

Two companies are collaborating for enhanced subprime underwriting at a lower cost. This week, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime originations, announced a strategic integration partnership with VinAudit.com aimed at reducing costs incurred by subprime finance companies for vehicle ... [Read More]