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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Latest securitizations by Credit Acceptance and CPS approach $550 million

auto financing
SubPrime Auto Finance News Staff
Credit Acceptance and Consumer Portfolio Services each pushed out securitizations recently, and the combined total offered by the auto finance companies that specialize in subprime paper reached nearly $550 million. The larger of the two developments was from Credit Acceptance, ... [Read More]

GrooveCar brings on 25 new credit union partners in Q3

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SubPrime Auto Finance News Staff
More than 300,000 additional credit union members might be using GrooveCar’s platform to make a vehicle purchase. The buying resource enjoyed another busy quarter and signed up 25 new partners in Q3. “GrooveCar puts the platform in the hands of ... [Read More]

PwC to present picture of how robotic technology could impact auto finance

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Nick Zulovich, Senior Editor
Craig Schleicher of PwC sees robotic features having a much greater presence in auto finance in the not-so-distant future. No, C-3PO and R2-D2 from Star Wars likely aren’t taking over underwriting and servicing vehicle installment contracts, but the manager of consumer ... [Read More]

UPDATED: Pence’s tiebreaking Senate vote halts CFPB’s arbitration rule

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Nick Zulovich, Senior Editor
While the agency director expressed his disappointment, dealerships and auto finance companies can breathe a big sigh of relief; Congress has stopped the Consumer Financial Protection Bureau’s arbitration rule. With Vice President Pence casting the deciding vote late on Tuesday ... [Read More]

FactorTrust rolls out credit monitoring solution

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SubPrime Auto Finance News Staff
Your customers now have another option to watch for activity associated with their credit file. On Tuesday, Used Car Week sponsor FactorTrust launched what’s being dubbed FactorTrust Credit Monitoring, a service that can observe activity within the FactorTrust credit file. ... [Read More]

4 suggestions to combat cyberattacks

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SubPrime Auto Finance News Staff
David Kennedy of First Credit Resources, who is the current president of the American Recovery Association and one of the speakers on tap for Used Car Week, offered four suggestions for what protective moves repossession agencies, another other service providers, should ... [Read More]

White Clarke Group unveils global cloud platform

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SubPrime Auto Finance News Staff
On Monday, White Clarke Group announced the release of a new fully cloud-hosted version of its CALMS complete lifecycle credit processing and administration platform for the automotive, consumer and equipment finance industry via its partnership with Amazon Web Services (AWS). ... [Read More]

2 primary reasons why social media is still not viable for underwriting

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SubPrime Auto Finance News Staff
No doubt, finance companies are looking for whatever reliable piece of information they can examine while they’re first deciding if they should make an auto finance offer to a potential vehicle buyer and then exploring what terms and down payment ... [Read More]

Auto defaults jump by 10 basis points in September

Credit Acceptance grows record portfolio with strategic building
SubPrime Auto Finance News Staff
Auto defaults continued their cyclical move higher in September, crossing the 1-percent threshold and landing at nearly the highest spot in three years. The data through September reviewed by S&P Dow Jones Indices and Experian showed that auto finance defaults ... [Read More]

Tommy Moore Jr.: Subprime Auto Finance Executive of the Year

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Nick Zulovich, Senior Editor
Tommy Moore Jr. initially thought what sprouted to be First Investors Financial Services would just be a sideline business in auto finance. He was concentrated on another banking career in Houston at the time, focused on retail and commercial lending. ... [Read More]

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