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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

Former CARS, Dealertrack executive joins Servicing Solutions

new hire
SubPrime Auto Finance News Staff
An executive with nearly 20 years of experience with Consolidated Asset Recovery Systems and Dealertrack now is part of the leadership team at Servicing Solutions. The loan servicing organization specializing in primary and back up servicing announced on Wednesday that ... [Read More]

Examining ‘appetite’ for subprime and pinpointing 10 brands with highest market penetration

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SubPrime Auto Finance News Staff
With Cox Automotive experts suspecting that “credit will likely tighten as the appetite for subprime declines,” the company also shared the makes that have the largest penetration of subprime retail installment contracts and vehicle leases so far this year. Cox ... [Read More]

3 bureaus respond as lawmakers seek credit-reporting improvements

capitol hill
SubPrime Auto Finance News Staff
Top executives from Equifax, Experian and TransUnion all appeared on Capitol Hill on Tuesday for a hearing orchestrated by the U.S. House Financial Services Committee, which is seeking revamps to how credit reporting is completed. And one of the companies ... [Read More]

KBRA examines impact of extensions on subprime ABS

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SubPrime Auto Finance News Staff
Finance companies sometimes give grace to contract holders in hopes the individual can get back on the payment track since it’s potentially much more lucrative than having to go through the repossession and recovery processes. Kroll Bond Rating Agency (KBRA) released ... [Read More]

January auto defaults show improvements

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SubPrime Auto Finance News Staff
To mimic the famous Mark Twain quip, perhaps reports about the drastic demise of the auto finance industry are greatly exaggerated. As some commentators latched onto delinquency metrics shared recently by the Federal Reserve Bank of the New York, auto ... [Read More]

2 expectations as TransUnion releases latest auto finance report

growth chart with man
Nick Zulovich, Senior Editor
TransUnion senior vice president and automotive business leader Brian Landau sees used-vehicle financing continuing to be one of the primary ingredients filling provider portfolios for the rest of the year, especially after reviewing the latest auto data contained in TransUnion’s ... [Read More]

Secure Collateral Management enters forwarding space

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SubPrime Auto Finance News Staff
Just a few months after moving into a new corporate headquarters, Secure Collateral Management (SCM) is advancing beyond being only a skip-tracing provider and into being a forwarding company. In a message sent to SubPrime Auto Finance News on Tuesday, ... [Read More]

Report analyzes changes in US subprime auto ABS since Great Recession

great recession for subprime
SubPrime Auto Finance News Staff
S&P Global Ratings published a report on Friday, examining adjustments in auto-related asset-backed securities (ABS) transactions since the Great Recession. The 16-page endeavor took a special look at the subprime market, explaining that speculative-grade issuance growth and weaker structural protections ... [Read More]

NAFCU looks to be excluded from CECL requirements

executive boardroom
SubPrime Auto Finance News Staff
The National Association of Federally Insured Credit Unions (NAFCU) recently reiterated its position regarding a significant accounting change coming later this year. To recap, the Financial Accounting Standards Board (FASB) is looking to ensure that financial institutions have solid measures ... [Read More]

KBRA sees mixed ABS movement in January

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SubPrime Auto Finance News Staff
This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for of January, highlighting that credit performance was mixed across securitized auto loan pools. Analysts noted that annualized net losses in KBRA’s Prime Auto Loan Index for January ... [Read More]

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