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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

COMMENTARY: New frontier of used-vehicle acquisition and F&I’s pivotal role

Details of upcoming repossession webinars from ARA & Weltman
Paul McCarthy, Protective Asset Protection
The method in which auto dealers acquire used inventory is rapidly changing. Historically reliant on auctions and trade-ins, a surging demand for pre-owned vehicles and persistent market scarcity are compelling dealers to aggressively purchase directly from consumers at an unprecedented ... [Read More]

LegalShield’s Consumer Stress Legal Index at highest point in more than 5 years

SubPrime Auto Finance News Staff
LegalShield’s Consumer Stress Legal Index (CSLI) climbed from March to June, and the company said it was driven by surging foreclosure and consumer finance legal inquiries, all rooted in increased debt. Analysts indicated the CSLI surged to 68.2, which is ... [Read More]

Weltman, Weinberg & Reis tackles challenges of subrogation & bankruptcy

Details of upcoming repossession webinars from ARA & Weltman
SubPrime Auto Finance News Staff
Two legal experts from Weltman, Weinberg & Reis tackled one of the most complex situations that auto finance companies and insurance providers might ever face. That’s when subrogation recovery intersects with a bankruptcy case, triggering even more questions that need ... [Read More]

Buoyed in part by job market, Fed might not cut interest rates until year end

interest rate picture new
SubPrime Auto Finance News Staff
If you’re hoping the Federal Reserve cuts interest rates this month, you might be disappointed. Comerica Bank predicted policymakers might not make a move until it’s time to celebrate Christmas, Hannukah and Kwanzaa. The Federal Open Market Committee will announce ... [Read More]

Cox Automotive spots 6 troubling trends from June auto-finance performance

latest news
SubPrime Auto Finance News Staff
Being a music aficionado and chief economist, Cox Automotive’s Jonathan Smoke could have included some woeful blues tracks when he highlighted six points about the current performance of auto financing in his Auto Market Weekly Summary. While not mentioning songs ... [Read More]

Auto credit availability improves again in June

S&P Global Ratings
SubPrime Auto Finance News Staff
Both summertime temperatures and the Dealertrack Credit Availability Index are on upward trajectories. Cox Automotive reported on Thursday that the June index reflected a second consecutive month of improved credit access, rising to 97.3. That’s up from 96.5 in May. ... [Read More]

TransUnion: Credit scores dropping by 60 points on average because of delinquent federal student loans

Revisiting topic of partial payments
SubPrime Auto Finance News Staff
The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student loans recently highlighted by TransUnion. New research from TransUnion revealed that the number of consumers ... [Read More]

ARA highlights 4 primary compliance features of new 50-State Solution

SubPrime Auto Finance News Staff
For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called ... [Read More]

FTC distributing more than $3.5M to consumers harmed by ‘The Credit Game’

SubPrime Auto Finance News Staff
The Federal Trade Commission basically said, “Game over,” in connection with what officials dubbed a credit-repair scheme called, “The Credit Game.” The FTC recently announced it is sending more than $3.5 million in refunds to consumers harmed by the operation. ... [Read More]

F&I Sentinel makes third major move of the summer, hiring VP of account management

SubPrime Auto Finance News Staff
A busy summer for F&I Sentinel continued Tuesday, as the provider of tech-enabled solutions associated with F&I products in automotive finance appointed Keishawn Batts as vice president of account management. The company said Batts, who F&I Sentinel described as a ... [Read More]

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