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Tuesday, Jul. 1, 2025, 09:44 AM

2025 Non-Prime Automotive Financing Industry Survey is ‘more than just numbers’
Monday, Jun. 30, 2025, 10:17 AM

COMMENTARY: Is your payments platform safeguarding compliance?
Thursday, Jun. 26, 2025, 07:07 AM
Moody’s: Smaller lenders pulling down subprime auto ABS performance
Thursday, Apr. 7, 2016, 02:32 PM
SubPrime Auto Finance News Staff
Moody’s Investors Service not only spotted the trend but pinpointed seven different finance companies that might be causing the softening performances in U.S. subprime auto asset-backed securities during the past few years. Analysts indicated in a report released on Thursday that ... [Read More]
Senate hearing considers impacts of CFPB presence
Wednesday, Apr. 6, 2016, 03:57 PM
Nick Zulovich, Senior Editor
In advance of Richard Cordray’s semiannual appearance before the U.S. Senate Banking Committee, lawmakers from Congress’ upper chamber conducted a hearing on Tuesday dubbed “Assessing the Effects of Consumer Finance Regulations,” where the primary topic was Consumer Financial Protection Bureau ... [Read More]
Credit union update: CU Direct partners with PenFed as GrooveCar expands
Wednesday, Apr. 6, 2016, 03:55 PM
SubPrime Auto Finance News Staff
As GrooveCar significantly broadened its network of partners, PenFed Credit Union forged a relationship with CU Direct and the CUDL Network during last week’s NADA Convention & Expo with the expectation of increasing member loans and enhancing overall efficiencies with ... [Read More]
DriveTime rebrands servicing division, launching Bridgecrest
Tuesday, Apr. 5, 2016, 03:44 PM
Nick Zulovich, Senior Editor
DriveTime passed another juncture on its “longer-term corporate roadmap” on Tuesday as the company continues to pivot away from the traditional buy-here, pay-here model of selling, financing and servicing vehicle sales to subprime customers. Tuesday marked the official launch of ... [Read More]
Latest data intensifies concerns about long-term loans
Monday, Apr. 4, 2016, 03:07 PM
Nick Zulovich, Senior Editor
Used and new metal is rolling over the curb at paces pleasing to dealers and finance companies. But more vehicles are connected to contracts at lengths approaching the time a two-term president spends in the White House. Autotrader senior analyst ... [Read More]
Spireon introduces latest GPS offering
Monday, Apr. 4, 2016, 03:04 PM
SubPrime Auto Finance News Staff
Spireon recently launched its next generation GPS vehicle tracking and collateral management system (CMS). The company highlighted GoldStar Lender has proven to help customers increase their loan portfolio performance by up to 20 percent. The company indicated Spireon’s GoldStar Lender ... [Read More]
Major takeaways from AFSA’s Vehicle Finance Conference
Friday, Apr. 1, 2016, 03:46 PM
SubPrime Auto Finance News Staff
Organizers from the American Financial Services Association indicated this week’s Vehicle Finance Conference “was once again a huge success.” More than 600 attendees and exhibitors gathered at Caesar's Palace in Las Vegas for three days of presentations, panel discussions and ... [Read More]
Black Book & Equifax make credit scores available on dealer websites
Friday, Apr. 1, 2016, 03:43 PM
SubPrime Auto Finance News Staff
It’s been a busy week of announcements by Equifax; first a solution launch with LexisNexis Risk Solutions tailored specifically for the auto finance space. Then on Friday, Equifax joined with online sales lead generator Black Book Activator to develop Black ... [Read More]
6 ways finance companies improved digital experiences
Thursday, Mar. 31, 2016, 03:17 PM
SubPrime Auto Finance News Staff
ChannelNet analyzed the usage of its technology by 10 different auto finance companies to determine the six components comprising what the company describes as a best-in-class digital experience. ChannelNet spent a year combining through the performance of these finance companies ... [Read More]
How 90% of dealers see current subprime financing
Wednesday, Mar. 30, 2016, 03:13 PM
Nick Zulovich, Senior Editor
Like Equifax, KeyBanc Capital Markets also noticed the recent Fitch Ratings report about U.S. subprime auto ABS delinquencies jumping to levels not seen in almost 20 years. To gather more perspective on the development, KeyBanc used its February dealer survey ... [Read More]
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