As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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2025 Non-Prime Automotive Financing Industry Survey is ‘more than just numbers’
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COMMENTARY: Is your payments platform safeguarding compliance?
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Prestige President Takes Additional Role at Total Auto Care
Friday, Jan. 9, 2015, 04:59 PM
SubPrime Auto Finance News Staff
The Larry H. Miller Group of Companies announced recently that Bryan Henrie, currently the president of Prestige Financial Services Inc., has now been named the president of Total Care Auto, effective immediately. “Bryant has worked for the LHM Group for ... [Read More]
GWC Warranty Partners with NIADA
Friday, Jan. 9, 2015, 04:20 PM
SubPrime Auto Finance News Staff
GWC Warranty announced that it has aligned with the National Independent Automobile Dealers Association as a bronze-level national corporate partner. “GWC has exemplified its commitment to being an innovation leader in ensuring independent auto dealers are relevant, profitable, compliant and ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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5th Straight Year of Bankruptcy Declines
Friday, Jan. 9, 2015, 03:19 PM
SubPrime Auto Finance News Staff
Total bankruptcy filings were down 12 percent in 2014, making it five straight years of decreases, and commercial filings showed a particularly steep slowdown. That’s according to Epic Systems, Inc. data cited by ABI this week. And here’s the kicker: for ... [Read More]
AFC Promotes Keadle to Senior VP of Operations
Wednesday, Jan. 7, 2015, 04:30 PM
SubPrime Auto Finance News Staff
Automotive Finance Corp. promoted Joe Keadle to senior vice president of operations on Wednesday. The business unit of KAR Auction Services indicated Keadle will report directly to John Hammer, AFC chief executive officer and president. In his new role, Keadle ... [Read More]
defi SOLUTIONS Integrates with Dealertrack’s eDocs
Wednesday, Jan. 7, 2015, 04:29 PM
SubPrime Auto Finance News Staff
Officials from defi SOLUTIONS announced this week that their Loan Origination System (LOS) is now integrated with Dealertrack Technologies’ eDocs Solution. Dealertrack recapped that its eDocs Solution is a comprehensive tool for scanning, processing, imaging, data entry, verification and automatic ... [Read More]
GO Financial Finalizes Sale of Additional Interest to Manheim
Wednesday, Jan. 7, 2015, 04:27 PM
SubPrime Auto Finance News Staff
GO Financial executives announced on Wednesday that they completed the sale of an additional equity interest in the subprime auto finance company to Manheim through a deal that was effective at the close of this past year. Last April, the ... [Read More]
Subprime Approvals Could Jump Nearly 13% in 2015
Wednesday, Jan. 7, 2015, 04:24 PM
Nick Zulovich, Editor
CNW Research is upbeat about how much subprime paper is going to flow into finance company portfolios this year. In a special projection report released on Tuesday, CNW is expecting subprime approvals to improve in 2015, but not quite to ... [Read More]
SAFCo Appoints Former Exeter Exec to Monitor Risk
Monday, Jan. 5, 2015, 05:11 PM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCo) hired a former Exeter Finance Corp. executive to be its new senior vice president of risk management and credit policy. Tapped for this role was Karyn Lentz, who was most recently the executive vice president ... [Read More]
NIADA Selects EFG Companies as National F&I Corporate Partner
Monday, Jan. 5, 2015, 05:10 PM
SubPrime Auto Finance News Staff
The National Independent Automobile Dealers Association and EFG Companies recently created a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. NIADA tapped EFG as a national corporate partner so association members can leverage the company ... [Read More]
4 Parts of Illinois Tax Law Change to Boost Leasing
Monday, Jan. 5, 2015, 05:07 PM
SubPrime Auto Finance News Staff
In what the Chicago Automobile Trade Association is calling a rare triple winner — good for consumers, good for business, and good for government — the Windy City’s dealer organization highlighted four components of Illinois’ revamped state tax program associated ... [Read More]
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