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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Survey Shows Auto Loans as Top Growth Opportunity For Credit Unions

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Sarah Rubenoff, Staff Writer
With the new- and used-car market booming, it seems subprime buyers are getting a piece of the pie — and many of these consumers are using credit unions to fund these vehicle purchases. TransUnion released the results of an October ... [Read More]

How Enhanced Verifications Boost Subprime Loan Performance

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Jennifer Reid, Equifax
When it comes to successfully selling a vehicle and getting it financed, particularly for subprime borrowers, dealers and automotive finance companies should heed the advice of former President Reagan and “Trust, but verify.” What we are seeing in the market, ... [Read More]

Toyota Financial Exec Awarded by AFSA

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SubPrime Auto Finance News Staff
Toyota Financial Services’ own Ann Bybee was honored with the Distinguished Service Award (DSA) by the American Financial Services Association at the AFSA’s 98th Annual Meeting in Los Angeles at the end of October. Bybee, the company’s vice president of ... [Read More]

Bankruptcy Filings Down By Double-Digits

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SubPrime Auto Finance News Staff
Bankruptcy filing in the U.S. took a double-digit slide this past month. That’s according to data provided by Epiq Systems Inc. to the American Bankruptcy Institute, which showed total bankruptcy filings fell by 12 percent year-over-year in October. Overall filings ... [Read More]

CalAmp Incorporates Mileage Management Component into Solution

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SubPrime Auto Finance News Staff
CalAmp enhanced its vehicle finance payment assurance solution, LenderOutlook, to incorporate a function previously available only to its fleet customers. Now CalAmp’s new mileage management feature within LenderOutlook can enable lease-here, pay-here (LHPH) dealers and larger finance companies to directly measure ... [Read More]

Re3 Executive Of The Year: Karen Nelson

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Nick Zulovich, Editor
Karen Nelson’s career as a collector began while she was earning money for her tuition to attend Old Dominion University. Nelson worked her way through school by handling the day-in, day-out chores of a collector and graduated with a degree ... [Read More]

SubPrime Auto Finance Executive of the Year: Ian Anderson

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Nick Zulovich, Editor
When the Great Recession began to grip the economy, Westlake Financial Services president Ian Anderson said the company installed a trio of values to help it navigate through a rougher period than many experts projected. Those values included people, purpose ... [Read More]

CU Direct Connect Brings on New Member

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SubPrime Auto Finance News Staff
CU Direct Connect, a leader in the Colorado automotive lending market that provides indirect auto lending services to credit unions and dealers, added another member to its network this week. Bringing Northern Colorado Credit Union of Greeley, Colo., into the ... [Read More]

Equifax Verifications Now Available to CBC Dealers

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SubPrime Auto Finance News Staff
Equifax highlighted this week that dealers who use Credit Bureau Connection's credit reports and compliance solutions now have the opportunity to access income and employment data as well. Officials explained this data provided via The Work Number can allow dealers ... [Read More]

Investment Firm to Merge Flagship Credit Acceptance & CarFinance Capital

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SubPrime Auto Finance News Staff
The investment firm that oversees two subprime auto finance companies — Flagship Credit Acceptance and CarFinance Capital — announced on Thursday that it is merging the two operations together. Officials from the alternative asset management unit of Perella Weinberg Partners ... [Read More]

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