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Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 02:33 PM
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... Listen Here
The Future of EVs & More From the OEM Lens
Tuesday, Sep. 30, 2025, 07:38 PM
Laurie Harbour is a partner at Wipfli, a top 25 accounting and advisory firm, and works with automakers and suppliers on how to adjust to changing winds of automotive. Harbour joins the Auto Remarketing Podcast to discuss how automakers are ... Listen Here
Chip Perry & Dom Pope of sellmyride
Friday, Sep. 26, 2025, 03:08 PM
Chip Perry, founding president and CEO of Autotrader and former CEO of TrueCar, has a new role: chairman of sellmyride, a startup seeking to help dealers source inventory from private sellers. Perry and sellmyride founder and president Dom Pope join ... Listen Here

PaymentVision offers free webinar on tokenization

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Friday, Nov. 20, 2015, 03:08 PM
SubPrime Auto Finance News Staff
The week after Thanksgiving, PaymentVision will hold a free webinar on the importance and benefits of tokenization, or when applied to data security, the process of substituting a sensitive data element with a non-sensitive equivalent. The webinar covering the currently ... [Read More]

Veros Credit opens new Texas business center

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Friday, Nov. 20, 2015, 02:58 PM
SubPrime Auto Finance News Staff
Veros Credit announced it has opened a new Regional Business Center in the Dallas area. The company reported the new center will assist in the company’s growth efforts in Texas. The focus of the new center will be to provide ... [Read More]

Lenders remain ‘vigilant’ amid auto-loan market growth

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Friday, Nov. 20, 2015, 02:38 PM
SubPrime Auto Finance News Staff
Reporting strong performance in the “no-score” segment of the credit spectrum, Equifax pointed out in a release this week lender vigilance is helping to drive auto loan market success. According to the latest National Consumer Credit Trends Report from Equifax ... [Read More]

House passes CFPB reform bill

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Thursday, Nov. 19, 2015, 04:22 PM
SubPrime Auto Finance News Staff
To the delight of many in the automotive industry, the House of Representatives voted on and passed a bill aimed at altering the Consumer Financial Protection Bureau’s handling of indirect auto financing. With a vote of 332 to 96, the ... [Read More]

Analysts wonder why lease credit approvals are spiking

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Wednesday, Nov. 18, 2015, 03:17 PM
SubPrime Auto Finance News Staff
Even though lease credit approvals are down slightly this month, rates remain unusually high, prompting analysts to discuss the factors behind the surge. According to Swapalease.com, lease credit approvals fell to 75 percent this month, down a bit from the ... [Read More]

Springleaf reaches settlement with DOJ to buy OneMain Financial

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Wednesday, Nov. 18, 2015, 02:52 PM
SubPrime Auto Finance News Staff
Personal finance company Springleaf Holdings Inc. recently announced it will be moving forward with its purchase of OneMain Financial Holdings LLC after reaching a settlement with the Department of Justice, as well as the Attorneys General of seven states.   ... [Read More]

Auto loan defaults rise in October but remain at ‘low levels’

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Wednesday, Nov. 18, 2015, 02:19 PM
SubPrime Auto Finance News Staff
Auto loan defaults spiked a bit in October, though analysts say consumer credit default rates still remain at “low levels.” According to data released Tuesday by S&P Dow Jones Indices and Experian, auto loan default rates came in at 1 ... [Read More]

TransUnion spots outstanding balances above $1T

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Friday, Nov. 13, 2015, 09:12 PM
Nick Zulovich, Editor
TransUnion’s Industry Insights Report found that outstanding auto loan balances surpassed $1 trillion in the third quarter, an 11.1 percent jump year-over-year. But contract holders appear to be maintaining their payments on that growing balance total since delinquencies — the ... [Read More]

Coombs promoted to CFO of JM Family

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Friday, Nov. 13, 2015, 07:29 PM
SubPrime Auto Finance News Staff
JM Family Enterprises president and chief executive officer Colin Brown recently promoted Ron Coombs to the position of senior vice president and chief financial officer, overseeing the company’s financial operations. Coombs joined JM Family in 1999 as vice president for ... [Read More]

Reynolds rolls out F&I Library for Arizona dealers

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Friday, Nov. 13, 2015, 07:09 PM
SubPrime Auto Finance News Staff
Reynolds and Reynolds recently highlighted that its F&I Libraries now cover 16 states as the company established the Reynolds LAW Arizona F&I Library. Reynolds reiterated that the library is a comprehensive catalog of standardized, legally reviewed finance and insurance documents ... [Read More]
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