Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Guidance to handle growing challenges of repossessions & recoveries
Tuesday, Oct. 14, 2025, 08:49 PM
Managing delinquencies and repossessions might be as complicated as anything auto lenders do nowadays. To help finance companies of sizes handle those complexities, this special sponsored episode of the Auto Remarketing Podcast features Anne Holtzman, who is senior vice president ... Listen Here
PureCars CEO Lauren Donalson
Tuesday, Oct. 14, 2025, 03:53 PM
Lauren joined PureCars in 2015 as a sales associate, later serving as regional manager, national director and senior vice president before moving up to chief operating officer in January 2023. She was promoted to the new role of president in ... Listen Here
CarMax CMO Sarah Lane on Company’s Journey from Used-Car ‘Challenger’ to ‘Leader’
Friday, Oct. 10, 2025, 02:15 PM
CarMax chief marketing officer Sarah Lane joins the Auto Remarketing Podcast to talk about the company’s new “Wanna Drive?” branding, its omni-channel buying and selling experience, putting the customer in control and how CarMax sets itself apart in an era ... Listen Here

Vervent takes on successor servicing role following Tricolor bankruptcy

Tuesday, Sep. 23, 2025, 10:12 AM
SubPrime Auto Finance News Staff
Vervent confirmed via a news release on Monday that it has been authorized to step in as a successor servicer in response to the Chapter 7 bankruptcy filing by Tricolor Holdings. Previously designated as backup servicer, Vervent said it has ... [Read More]

Beginning of October marks initial availability of defi SOLUTIONS’ integration with Informed.IQ

Launcher
Monday, Sep. 22, 2025, 10:28 AM
SubPrime Auto Finance News Staff
When October begins next week, clients who use defi SOLUTIONS should be able to use some new capabilities offered by Informed.IQ courtesy of a recent integration. According to a news release, lenders will be able to seamlessly integrate Informed.IQ’s vertical ... [Read More]

Informativ acquires Carmatic to offer unified solution for dealers & partners

Monday, Sep. 22, 2025, 10:23 AM
SubPrime Auto Finance News Staff
Earlier this month, Informativ introduced Verified Stips powered by TurboPass to boost underwriting. Then last week, the provider of fraud prevention, compliance, and credit technology for the automotive and consumer finance industries made an even more substantial move, acquiring Carmatic, ... [Read More]

New FICO report shows deterioration of scores among consumers already in auto portfolios

Friday, Sep. 19, 2025, 10:34 AM
SubPrime Auto Finance News Staff
The FICO Score Credit Insights report — a new analysis offering a detailed look at how consumer credit behaviors are evolving across the United States — contained some notable trends about auto financing, especially associated with the consumers already in ... [Read More]

Implications for auto finance as Fed ‘is in a pickle’

Thursday, Sep. 18, 2025, 10:18 AM
Nick Zulovich, Senior Editor
The Federal Reserve “is in a pickle.” That’s the summation from Comerica Bank after the Federal Open Market Committee cut the federal funds target rate a quarter percent to a range of 4.00% to 4.25% on Wednesday. The move by ... [Read More]

Arra Finance closes acquisition of Crescent Bank’s auto-finance division

Wednesday, Sep. 17, 2025, 11:37 AM
SubPrime Auto Finance News Staff
Arra Finance announced via social media on Tuesday that it has closed its acquisition of Crescent Bank’s auto-finance division in a move originally revealed in June. When Arra Finance first announced the acquisition, the subprime auto finance company said Crescent ... [Read More]

Safe-Guard opens expanded facility in SC

Wednesday, Sep. 17, 2025, 11:34 AM
SubPrime Auto Finance News Staff
Safe-Guard Products International now has more brick-and-mortar resources to house its platform for private label protection products for the automotive, RV, marine, and powersports industries. On Tuesday, Safe-Guard said it has opened an expanded call center in Greenville, S.C. Located ... [Read More]

Experts anticipate rate cut, but benefits to automotive still tough to project

interest rate picture new
Tuesday, Sep. 16, 2025, 09:20 AM
Nick Zulovich, Senior Editor
Experts agree the Federal Reserve’s Federal Open Market Committee (FOMC) will trim interest rates by 25 basis points on Wednesday. How long it will take for that cut to lift the fortunes of dealerships and finance companies is much less ... [Read More]

Fallout from Tricolor bankruptcy intensifies throughout subprime space

Tricolor gains US patent for AI-driven underwriting tool
Monday, Sep. 15, 2025, 10:48 AM
Nick Zulovich, Senior Editor
Subprime auto financing is getting much more complex, from underwriting to securitizations. Likely connected with fallout from last week’s Tricolor Holdings’ Chapter 7 bankruptcy, Credit Acceptance filed a Form 8-K with the Securities and Exchange Commission on Monday morning, addressing ... [Read More]

KPA elevates CFO to be CEO

Friday, Sep. 12, 2025, 10:40 AM
SubPrime Auto Finance News Staff
On Thursday, KPA promoted one of its top executives to be CEO. The provider of environment, health, and safety and workplace compliance solutions announced the appointment of Michael Bruns as chief executive officer. KPA highlighted Bruns brings more than 30 ... [Read More]
X