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The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Ally chairman ‘frustrated with market perception’

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Nick Zulovich, Senior Editor
While currently holding the top market share position in retail auto financing, Ally Financial said late on Monday that it will appoint a new independent director to its board of directors in a strongly worded announcement where the chairman described ... [Read More]

21.7% of all auto loans fell into subprime

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SubPrime Auto Finance News Staff
According to the February Equifax National Consumer Credit Trends Report, 2015 marked another strong year for the auto loan market as originations increased year-over-year, while the mix of loans across the entire credit spectrum held for the fourth year in ... [Read More]

Equifax cautious about overacting to Fitch ABS report

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Nick Zulovich, Senior Editor
When Fitch Ratings reported recently that U.S. subprime auto ABS delinquencies ballooned to levels not seen in almost 20 years, the development sparked plenty of industry reaction. To clarify whether or not this market segment is in a profound tailspin, ... [Read More]

Another bill & CFPB clash with House lawmakers

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Nick Zulovich, Senior Editor
Vehicle financing continued to be one of the more bandied about topics on Capitol Hill in recent days. First, a member of the U.S. Senate introduced legislation to bring what the National Automobile Dealers Association called “transparency and accountability” to ... [Read More]

ACA, Westlake settle in Massachusetts, agree to pay $7.4M in relief

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SubPrime Auto Finance News Staff
American Credit Acceptance and Westlake Financial Services agreed this week to provide a total of $7.4 million in relief to thousands of Massachusetts consumers over allegations by the state’s attorney general that they charged “excessive” interest rates on their subprime ... [Read More]

TransUnion touts ease of use for new data solution

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Nick Zulovich, Senior Editor
TransUnion named its newest suite of solutions Prama, which in Sanskrit means the source for accurate and valid knowledge about the world. No matter if they speak English, Spanish, French or even Sanskrit, TransUnion’s Steve Chaouki insisted that finance company executives — ... [Read More]

Grubb’s 3-point message to Exeter board & workforce

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Nick Zulovich, Senior Editor
Jason Grubb conveyed a similar message not only to the board of directors that hired him to be the chief executive officer of Exeter Finance, but also the workforce of nearly 1,000 employees that he became entrusted with overseeing about ... [Read More]

3 enhanced relationships for F&I Express

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SubPrime Auto Finance News Staff
The past week represented a busy time of relationship building and integrations for F&I Express, which highlighted developments with Dominion Dealer Solutions, Pearl Technology Holdings and Capital Companies. The string aimed at helping dealership finance managers and other store personnel ... [Read More]

7 questions from AFSA & CBA about potential FTC survey

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SubPrime Auto Finance News Staff
With the Federal Trade Commission gearing up for a potential survey of consumers who recently bought a vehicle and financed that purchase through a dealer, the American Financial Services Association and the Consumer Bankers Association recently submitted a letter to ... [Read More]

Subprime auto ABS delinquency level not seen since 1996

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SubPrime Auto Finance News Staff
Fitch Ratings pointed to three reasons why delinquencies on U.S. subprime auto ABS have eclipsed 2009 recessionary levels and are now at a level not seen in nearly two decades. On Monday, analysts indicated subprime delinquencies of 60 days or ... [Read More]

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