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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

Exeter appoints veteran exec to be CFO

board of directors table
SubPrime Auto Finance News Staff
Specialty auto finance company Exeter Finance Corp. announced on Monday that it appointed company veteran Brad Nall to be chief financial officer in a move that was effective Feb. 1. Nall joined Exeter in July 2012 and has more than ... [Read More]

Personnel moves by GWC Warranty & Carleton

business meeting silhouette
SubPrime Auto Finance News Staff
GWC Warranty — a provider of used-vehicle service contracts and related finance and insurance products sold through dealers — and Carleton, a provider of compliant financing calculation and digital document software solutions, each made personnel moves this week. At GWC Warranty, ... [Read More]

Borrowers perhaps not fully prepared for financing, but diligent with payment

buying car 7
Joe Overby, Staff Writer
Consumers are relying more on retail installment contracts and leases to acquire cars than they were eight years ago, yet many might not be as prepared as they should be going into the purchase. However, the silver lining is that ... [Read More]

Credit Acceptance keeps income rising despite headwinds

upward graph plot
Nick Zulovich, Senior Editor
Credit Acceptance Corp. posted year-over-year income increases even as company leadership acknowledged the difficulty in keeping originations coming through its dealer network as well as intensifying regulatory demands. This past Friday, a few days after sharing its fourth-quarter and full-year ... [Read More]

Seasonality trends impact December ABS performances

money 3
SubPrime Auto Finance News Staff
Reasons that S&P Global Ratings analysts expected to see when comparing December U.S. auto loan ABS performance against the previous month surfaced again, according the firm’s latest report released on Wednesday. Analysts found that collateral performance in the U.S. prime ... [Read More]

FTC’s primary dealership penalty enforcer leaving agency

Federal Trade Commission
Nick Zulovich, Senior Editor
The Federal Trade Commission official who championed investigations and handed out significant penalties against dealerships for misdeeds involving financing, advertising and more is departing the regulator. FTC acting chairman Maureen Ohlhausen announced this week that Jessica Rich, director of the ... [Read More]

Trump’s 7 ‘core principles’ for financial regulation

trump pic for SPN
Nick Zulovich, Senior Editor
Before Tom Brady and the New England Patriots claimed another Super Bowl victory on Sunday night, President Trump released his latest executive order and outlined what he called the “core principles” of financial system regulation, generating a wide array of ... [Read More]

F&I notes: 3 developments from Wise F&I and RoadVantage

marketplace button
SubPrime Auto Finance News Staff
Wise F&I, which offers a full suite of finance and insurance products, announced on Monday that its products are now available to automotive retailers operating on the Reynolds and Reynolds dealership management system (DMS). Dealers can leverage Wise F&I offerings ... [Read More]

2 more developments involving possible CFPB reform

boardroom chairs at table
Nick Zulovich, Senior Editor
Compliance experts and industry advocates have been trying to project what might happen to the Consumer Financial Protection Bureau since President Trump was elected back in November. Two developments arrived this week that perhaps might give auto finance companies and ... [Read More]

Loss Prevention Services picks MBSi as technology & compliance partner

business handshake
SubPrime Auto Finance News Staff
Repossession and skip-tracing services provider Loss Prevention Services (LPS) announced on Thursday that the company has chosen MBSi Corp. as its assignment and compliance management solution. Throughout the year, LPS said it will transition its assignment management platform to Recovery ... [Read More]

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