A Look Back at Last Two Decades of the Used-Car Industry in Canada
In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here
Thursday, Sep. 18, 2025, 02:32 PM
SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management
In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here
Thursday, Sep. 11, 2025, 04:33 PM
Matt Rice
Experian on how much auto refinancing is gaining traction
Melinda Zabritski, Experian’s head of automotive financial insights, said consumers are looking for ways to secure more favorable vehicle financing terms, especially with interest rates leveling out and perhaps a cut coming next week from the Federal Reserve. The base ... Listen Here
Thursday, Sep. 11, 2025, 01:53 PM
Lobel Financial boosts underwriting with FactorTrust data
Friday, Aug. 4, 2017, 03:17 PM
SubPrime Auto Finance News Staff
On Friday, FactorTrust announced the addition of Lobel Financial to its growing list of financial service companies implementing its alternative credit data into their credit decisioning process. Lobel Financial, a finance company specializing in purchasing and servicing vehicle installment contracts ... [Read More]
Auto Approve names Kroshus as president & CEO
Thursday, Aug. 3, 2017, 06:22 PM
SubPrime Auto Finance News Staff
Bringing nearly 30 years of experience with him, Jerry Kroshus has been named president and chief executive officer of Auto Approve, a refinance company that specializes in helping consumers find the best possible vehicle interest rates through its national network ... [Read More]
Why CPS is going through a ‘painful process’
Wednesday, Aug. 2, 2017, 08:07 PM
Nick Zulovich, Senior Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley described how the subprime finance company is going through what he called a “painful process.” While the company’s originations are down from last year, its delinquencies didn’t spike to alarming ... [Read More]
New credit tool from CoreLogic & Equifax aims to enhance dealers’ leads
Wednesday, Aug. 2, 2017, 02:30 PM
SubPrime Auto Finance News Staff
Both consumers and dealers likely want to know potential buyers’ credit standing in order to facilitate delivery, and a new product fueled by CoreLogic and Equifax rolled out on Wednesday aims to accomplish that objective. Analytics and data-enabled solutions provider ... [Read More]
700Credit to offer instant income and employment verification solution
Wednesday, Aug. 2, 2017, 02:28 PM
SubPrime Auto Finance News Staff
With contract holders’ ability to pay paramount, 700Credit now is offering Income PreCheck, an instant income and employment verification solution that can help dealerships verify buyers' stated income and employment. The verification is derived by accessing The Work Number, a ... [Read More]
LenderLive broadens compliance solutions for vehicle finance
Tuesday, Aug. 1, 2017, 04:23 PM
SubPrime Auto Finance News Staff
LenderLive Services, a division of LenderLive Holdings, announced on Tuesday that it will now provide expanded compliance services through a new line of business: LenderLive Compliance Solutions. The company highlighted the new entity will offer both bundled and a la ... [Read More]
Down payments for used & new models on the rise
Tuesday, Aug. 1, 2017, 03:09 PM
SubPrime Auto Finance News Staff
New auto finance analysis from Edmunds shows increases in term length and monthly payments. These metrics have made headlines for some time now as potential buyers focus on what they can fit into their budgets. But Edmunds also noticed an increase ... [Read More]
MVTRAC secures financial resources from Bison Capital
Tuesday, Aug. 1, 2017, 03:06 PM
SubPrime Auto Finance News Staff
License plate recognition (LPR) software and data solutions provider MVTRAC on Tuesday announced the closing of growth recapitalization of the company with Bison Capital Asset Management along with changes to its top leadership structure. MVTRAC shared Bison Capital’s investment will allow ... [Read More]
2015 subprime vintage suffers losses not seen since 2005
Monday, Jul. 31, 2017, 03:20 PM
SubPrime Auto Finance News Staff
With average vehicle installment contract terms nearly at 70 months and outstanding auto asset backed security issuance at the highest level in 14 years, the latest update from Fitch Ratings also pinpointed where the weakest vintage in subprime financing appears ... [Read More]
3 more states added to Reynolds’ LAW F&I Library
Monday, Jul. 31, 2017, 03:18 PM
SubPrime Auto Finance News Staff
Now Reynolds and Reynolds only has seven states to go to cover all of the U.S. with resources from its LAW F&I Library — a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised dealers. Reynolds ... [Read More]
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