Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

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SAFCO promotes CFO to president

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The Spark Between EVs & CPO

Thursday, Jul. 16, 2026, 02:46 PM

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

Tuesday, Jun. 30, 2026, 10:53 AM

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

Monday, Jun. 29, 2026, 03:44 PM

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

Outstanding Auto Loans at Highest Point in 5 Years

sales increase

Monday, Dec. 15, 2014, 04:13 PM

SubPrime Auto Finance News Staff

According to the latest Equifax National Consumer Credit Trends Report, the total number of outstanding auto loans year-to-date in November came in at more than 70.0 million, the highest level in more than five years. That amount of paper in ... [Read More]

FTC Says 2 Dealer Groups Broke Consent Orders

Federal Trade Commission

Monday, Dec. 15, 2014, 04:11 PM

SubPrime Auto Finance News Staff

The Federal Trade Commission penalized a pair of dealership groups for violations of a previous consent order regarding advertising the cost of buying or leasing a vehicle. Part of the consent orders established in March 2012 indicated FTC officials could ... [Read More]

Credit Acceptance Subpoenaed by Justice Department

newspaper 1

Friday, Dec. 12, 2014, 09:35 PM

SubPrime Auto Finance News Staff

Another day, another finance company acknowledges it has received a subpoena from the U.S. Department of Justice. Credit Acceptance Corp. posted a filing with the Securities and Exchange Commission late on Friday stating the company that specializes in subprime auto ... [Read More]

Report: 6 Finance Companies Subpoenaed in NY

news

Friday, Dec. 12, 2014, 04:17 PM

SubPrime Auto Finance News Staff

Regulatory investigations of auto finance companies are piling up as now reportedly the New York Department of Financial Services is joining the fray. An online report citing an anonymous source indicated New York state’s financial services regulator subpoenaed the captive ... [Read More]

Chernek Consulting Revamps F&I Training Website

Chernek OnLine Platform for SPN

Friday, Dec. 12, 2014, 04:12 PM

SubPrime Auto Finance News Staff

F&I trainer Rebecca Chernek of Chernek Consulting is rolling out a completely revamped training website aimed at giving dealership financing staff the tools needed to close this year strong and to get 2015 off to a better start. Consulting Virtual ... [Read More]

CarMax Auto Finance Leadership Succession Plan

company movement

Friday, Dec. 12, 2014, 04:09 PM

SubPrime Auto Finance News Staff

CarMax this week announced its leadership transition plan for CarMax Auto Finance, since Angie Chattin — a member of this year’s Women in Remarketing class — is retiring. Promoted to senior vice president and president of CAF is Jon Daniels, ... [Read More]

New-Car Buyers Spent an Extra $1.4B in November

sales agreement 3

Friday, Dec. 12, 2014, 04:06 PM

SubPrime Auto Finance News Staff

Extending the contract term length by 12 months meant consumers spent an extra $1.4 billion on new vehicles in November. That’s the calculation by Requisite Press, which also shared its November Auto Buyer’s Affordability Index (ABAI) this week. Requisite Press ... [Read More]

Ally Enhances Mobile & Online Tools to Improve Consumer Experience

evaluating car with cell phone

Wednesday, Dec. 10, 2014, 04:48 PM

SubPrime Auto Finance News Staff

Ally Financial this week rolled out several new tools designed to make it faster and easier for consumers to manage their accounts and make payments via mobile devices and gain faster customer service access while online. The tools include the ... [Read More]

EFG Shares 4 Predictions for 2015

graph concept 4

Wednesday, Dec. 10, 2014, 04:47 PM

SubPrime Auto Finance News Staff

EFG Companies offered four predictions and recommendations for the automotive lending and F&I market, formed through thousands of conversations with the nation’s leading automotive financial and insurance experts. Steve Klees, senior vice president of specialty channels for EFG, indicated these ... [Read More]

AFSA Identifies 7 Objections with CFPB Rule Proposal

newspaper 2

Wednesday, Dec. 10, 2014, 04:44 PM

SubPrime Auto Finance News Staff

Among the seven specific objections the American Financial Services Association made known to the Consumer Financial Protection Bureau, the organization concluded the threshold to determine what regulators consider to be a larger participant in auto financing should be raised significantly. ... [Read More]

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