Implications for auto finance as Fed ‘is in a pickle’

Thursday, Sep. 18, 2025, 10:18 AM

Arra Finance closes acquisition of Crescent Bank’s auto-finance division

Wednesday, Sep. 17, 2025, 11:37 AM

Safe-Guard opens expanded facility in SC

Wednesday, Sep. 17, 2025, 11:34 AM

Latest Stories

COMMENTARY: Tricolor’s failure is an opportunity for dealers

AFSA & ABA seek collaboration to reduce fraud in auto finance & elsewhere

ARA forms new committee focused on agent safety

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

A Look Back at Last Two Decades of the Used-Car Industry in Canada

Thursday, Sep. 18, 2025, 02:32 PM

In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here

SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management

Thursday, Sep. 11, 2025, 04:33 PM

In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here

Survey Shows How Unaware Borrowers Are of Refinancing

Friday, Jun. 27, 2014, 02:22 PM

SubPrime Auto Finance News Staff

A new survey by RateWatch, a banking data and analytics service owned by TheStreet, showed how many consumers are still unaware there are possible opportunities to refinance their vehicle purchase to a lower interest rate than the one set in ... [Read More]

Supreme Software Now Supports F&I Express eContracting Platform

Wednesday, Jun. 25, 2014, 03:50 PM

SubPrime Auto Finance News Staff

Extending a string of recent business developments, F&I Express finalized a strategic partnership on Tuesday with Supreme Software — The Dealership Tracker. The alignment formed integration creating a network that offers more than 60 providers that Supreme Software dealerships may ... [Read More]

Credit Acceptance Extends Revolving Secured Facility

Wednesday, Jun. 25, 2014, 03:49 PM

SubPrime Auto Finance News Staff

Earlier this week, Credit Acceptance Corp. announced that it extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2016 to June 23, 2017. The company indicated there were no material changes to the terms ... [Read More]

March Subprime Vehicle Loans Total $13.1B

Wednesday, Jun. 25, 2014, 03:47 PM

Nick Zulovich, Editor

Equifax determined the total dollar amount for subprime vehicle financing originated in March surged higher than any single month going back seven years. Credit bureau analysts found that subprime auto loans in March came in at $13.1 billion, marking an ... [Read More]

Ally Gives $11K in Honor of TIME Dealer of the Year Winner

Monday, Jun. 23, 2014, 03:29 PM

SubPrime Auto Finance News Staff

Ally Financial recently honored Jeff Teague of Teague Auto Group as the winner of the 2014 TIME Dealer of the Year award and presented a charitable grant to support his efforts in the local community. Ally executives were on hand ... [Read More]

CU Xpress Lease Partners With Peoples Credit Union

Monday, Jun. 23, 2014, 03:27 PM

SubPrime Auto Finance News Staff

CU Xpress Lease, part of the GrooveCar family of brands, recently formed a partnership with Peoples Credit Union, which will be offering vehicle leasing in Broward and Palm Beach counties in south Florida. Peoples chief executive officer Jeffrey Miller explained ... [Read More]

CarMax’s Special Subprime Portfolio Nears $30M

Monday, Jun. 23, 2014, 03:21 PM

Nick Zulovich, Editor

During the first quarter of its 2015 fiscal year, CarMax Auto Finance originated $20.5 million of loans — representing 0.8 percent of retail unit sales for the timeframe — through its program for customers who typically would be financed by ... [Read More]

CPS Outlines $202.5M Securitization

Friday, Jun. 20, 2014, 04:26 PM

SubPrime Auto Finance News Staff

This week, Consumer Portfolio Services announced the closing of its second term securitization of the year. The company highlighted the transaction is CPS’ first senior subordinate securitization to receive a triple A rating on the senior class of notes. In ... [Read More]

Equifax, NIADA Execs Discuss Subprime Credit Availability

Friday, Jun. 20, 2014, 04:16 PM

SubPrime Auto Finance News Staff

Equifax shared some details of a recent conversation the credit bureau had with the National Independent Automobile Dealers Association leading up to NIADA’s annual convention in Las Vegas. They touched on a wide array of issues, including access to financing ... [Read More]

Toyota Financial Services Enhances Military Rebate Program

Friday, Jun. 20, 2014, 04:13 PM

SubPrime Auto Finance News Staff

Toyota Financial Services and Lexus Financial Services expanded of their longstanding military rebate program this week. Officials highlighted they now offer a $500 rebate on all new Toyota and Scion vehicles, and a $750 rebate on all new and certified ... [Read More]