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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Subprime Workshop to Feature Chernek, Dealertrack & Equifax

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SubPrime Auto Finance News Staff
Chernek Consulting will conduct a one-and-a-half-day workshop titled, “Auto Dealer Subprime Sales Success,” that will feature presentations by Dealertrack Technologies, Automotive Dealership Institute (ADI), Equifax and more. The training session is scheduled to begin on April 7 at the Marriott Hotel ... [Read More]

Q4 Subprime Delinquencies Move Up Only Marginally

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SubPrime Auto Finance News Staff
Along with describing how much millennials are fueling the ongoing auto finance resurgence, TransUnion’s latest report showed just a marginal uptick in subprime delinquency rates. TransUnion pegged the year-over-year subprime delinquency movement in the fourth quarter going from 5.72 percent ... [Read More]

DriverUp Launches Online Platform for Accredited Investors

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SubPrime Auto Finance News Staff
DriverUp launched its new program this week that company officials are calling an “industry first” marketplace to give accredited investors an opportunity to enter the auto finance industry directly and provide dealers with an expedited, streamlined credit process.  DriverUp is ... [Read More]

AFC Promotes Exec to Oversee West Division

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SubPrime Auto Finance News Staff
Automotive Finance Corp. promoted Johnny Shroyer to be vice president of operations for the floor plan company’s West division. AFC indicated Shroyer will report directly to Joe Keadle, senior vice president of operations. Shroyer, who joined AFC in 2010 as ... [Read More]

Bradley Confident in How CPS Can Answer Regulator Questions

regulation and compliance puzzle
Nick Zulovich, Editor
When Consumer Portfolio Services reported a year-end earnings per share increase of more than 35 percent, chairman and chief executive officer Brad Bradley not only highlighted that performance, but also how the company is preparing to answer questions from the ... [Read More]

Report: OneMain Financial Involved in Possible $4B Sale

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SubPrime Auto Finance News Staff
A Reuters report posted late last week indicated OneMain Financial might be sold to a subprime finance company that currently does not operate in the auto space. The report citing anonymous sources said Citigroup is in “advanced talks” to sell ... [Read More]

Metrolina Credit Expands into SC

greenville SC for SPN
SubPrime Auto Finance News Staff
Metrolina Credit Co., which specializes in subprime auto financing, recently opened its first branch outside of North Carolina. The newest addition to the company’s branch network of four full-service operations is located in Greenville, S.C.  The footprint growth also marks ... [Read More]

Industry Asks CFPB to Consider 3 Points of ‘Flawed’ Analysis

message delivered
SubPrime Auto Finance News Staff
Eight dealer, financial services and pro-business organizations delivered another strong message to the Consumer Financial Protection Bureau to address the bias and error found in the method the CFPB uses to determine whether unintentional disparate impact exists in an indirect ... [Read More]

FICO Enhances Relationships with TransUnion & Experian

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SubPrime Auto Finance News Staff
On the heels of FICO renewing an agreement with TransUnion, the predictive analytics and decision management software company announced this week that FICO Score 9 is available now at Experian for U.S. credit grantors to use for testing and validation. ... [Read More]

Northwood Senior Receives $1,000 AFIP Scholarship

AFIP Scholarship Presentation with Robertson, Cole and Bright for SPN
SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) announced that Ryan Cole, a senior in the Automotive Marketing and Management program at Northwood University in Midland, Mich., was named the Jakob Murray Lange Memorial Scholarship winner for 2015. Officials indicated ... [Read More]

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