As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Westlake Flooring Services surpasses 100K vehicles in portfolio
Monday, Aug. 22, 2016, 02:25 PM
SubPrime Auto Finance News Staff
In less than four years after Westlake Flooring Services was founded, the company recently hit the milestone of 100,000 vehicles in its portfolio. Since November 2012, Westlake Flooring has grown to a division of more than 100 employees with approximately ... [Read More]
3 Dallas dealers violate FTC administrative order
Friday, Aug. 19, 2016, 03:33 PM
SubPrime Auto Finance News Staff
Evidently the Federal Trade Commission is far from finished with its regulatory actions involving what it dubbed Operation Steer Clear — a nationwide crackdown on misleading advertising regarding vehicle sales, financing and leasing that began more than two years ago. ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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With new chief compliance officer, FactorTrust among Inc. 5000 for 3rd straight year
Friday, Aug. 19, 2016, 03:27 PM
SubPrime Auto Finance News Staff
Along with being ranked as one of the country’s fastest-growing private companies by Inc., FactorTrust this week hired Barbara Sinsley as general counsel and chief compliance officer. FactorTrust indicated Sinsley will provide the company with legal and regulatory guidance and ... [Read More]
2 drivers of additional 5M auto borrowers in Q2
Wednesday, Aug. 17, 2016, 03:40 PM
Nick Zulovich, Senior Editor
While delinquencies posted a “slight increase” during the second quarter, Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion, pinpointed the two drivers that brought more than 5 million additional consumers into the auto finance ... [Read More]
700Credit & KISS Concepts Group finalize marketing partnership
Wednesday, Aug. 17, 2016, 03:34 PM
SubPrime Auto Finance News Staff
Recently, the management at 700Credit, a provider of credit, compliance and prescreen products and services, announced a marketing partnership with KISS Concepts Group, a nationwide dealer, auto finance company, master agency and consulting firm with agent footprints in 33 states. Executives ... [Read More]
July auto defaults mirror year-ago trends
Tuesday, Aug. 16, 2016, 02:44 PM
Nick Zulovich, Senior Editor
While also visiting the popular topic of the presidential election, analysts from S&P Dow Jones Indices and Experian noticed auto loan defaults edged up slightly according to data through July. But defaults remained below the 1-percent level for the fourth ... [Read More]
3 attributes dealers want from finance companies
Monday, Aug. 15, 2016, 03:41 PM
SubPrime Auto Finance News Staff
With technology leveling the playing field to a degree, relationships nowadays really matter, especially when they involve how a dealer is going to get a delivery bought for their customers or how they’re going to have the floor planning for ... [Read More]
GWC Warranty tops $400M in claims paid
Monday, Aug. 15, 2016, 03:39 PM
SubPrime Auto Finance News Staff
GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has successfully topped $400 million in claims paid to date. GWC Warranty’s $400 million in claims paid, combined with sister-company EasyCare’s $3.1 billion, ... [Read More]
Former TD Auto Finance exec joins J.D. Power
Friday, Aug. 12, 2016, 02:20 PM
SubPrime Auto Finance News Staff
Earlier this week, J.D. Power appointed Jim Houston as senior director of its auto finance practice. In this role, Houston will deploy his significant auto finance business experience to help guide the industry through what J.D. Power contends could potentially ... [Read More]
Geitner among 3 new AFSA board members
Friday, Aug. 12, 2016, 02:17 PM
SubPrime Auto Finance News Staff
Within the week that Brian Geitner was picked as the incoming president of Cox Automotive’s Media Solutions Group, the current president of NextGear Capital also gained a leadership role for the American Financial Services Association. AFSA announced the election of ... [Read More]
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