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

Composite Default Reading at Lowest Point Since 2006

Wednesday, Mar. 19, 2014, 03:21 PM

SubPrime Auto Finance News Staff

The other four credit categories included in the S&P/Experian Consumer Credit Default Indices joined auto loans in showing declines in February. Analysts from S&P Dow Jones Indices and Experian indicated that February data showed the auto loan default rate dipped ... [Read More]

Survey: Bankers Expect Higher Credit-Loss Reserves

Monday, Mar. 17, 2014, 04:26 PM

SubPrime Auto Finance News Staff

According to a new survey by financial information company Sageworks, U.S. banks and credit unions that are preparing for proposed changes to how they must estimate credit losses anticipate they’ll eventually need to boost allowances for loan and lease losses ... [Read More]

Wells Fargo Maintains Hold of Used-Vehicle Financing Market

Monday, Mar. 17, 2014, 04:24 PM

SubPrime Auto Finance News Staff

Of the Top 20 finance companies in the used-vehicle market, only eight gained market share year-over-year as of the close of the fourth quarter. And according to Experian Automotive, many of the operations that lost ground in Q4 saw their ... [Read More]

Top 5 Cheapest Places to Finance a New Car

Monday, Mar. 17, 2014, 04:21 PM

SubPrime Auto Finance News Staff

With an average of tax refund of more than $3,000 coming to consumers, GOBankingRates analysts sought out to find the states and cities that boast the lowest interest rates on new-vehicle loans this month. The site’s study determined the five ... [Read More]

Equifax’s Key Auto Market Trends for 2014

Friday, Mar. 14, 2014, 04:26 PM

Dennis Carlson, Equifax

Will buyers flock to showrooms to buy new vehicles this year? Market optimists seem to think so. And most who attended the North American International Auto Show are utterly ebullient. But those who believe the glass is half empty say ... [Read More]

Ally’s Succession Plan for Dealer Financial Services Business

Friday, Mar. 14, 2014, 04:23 PM

SubPrime Auto Finance News Staff

Ally Financial announced its succession plan this week since Bill Muir, the president and current head of the dealer financial services business, has elected to retire by year-end. The company tapped Jeffrey Brown, currently senior executive vice president of finance ... [Read More]

Why Collateral’s Value Retention Even More Vital Today

Friday, Mar. 14, 2014, 02:56 PM

Nick Zulovich, Editor

The staff at Black Blook Lender Solutions envisions underwriting personnel at finance companies watching two computer screens when evaluating an application that arrives from a dealership in their network. One screen shows the applicant’s complete credit history. The other monitor ... [Read More]

CFPB Names New Regulator to Oversee Auto Finance

Thursday, Mar. 13, 2014, 03:04 PM

SubPrime Auto Finance News Staff

More than eight months after Rick Hackett left the Consumer Financial Protection Bureau, the agency tapped a replacement regulator on Wednesday whose main jurisdiction is the auto finance market. Joining the CFPB as the assistant director of installment and liquidity ... [Read More]

Exeter Adds Another Former Santander Executive

Wednesday, Mar. 12, 2014, 03:41 PM

SubPrime Auto Finance News Staff

Another executive recently moved over from Santander Consumer USA Holdings to join the team at Exeter Finance Corp. On Tuesday, Exeter announced its new executive vice president of strategy and planning is Steve Zemaitis, who served in multiple executive roles ... [Read More]

Captives Lead Charge in Rising Used LTVs

Wednesday, Mar. 12, 2014, 03:39 PM

SubPrime Auto Finance News Staff

Experian Automotive’s most recent data showed how much more risk captive lenders are taking in regard to loan-to-value (LTV) levels when booking contracts for used models. Experian indicated LTVs for captives that financed used vehicles in Q4 jumped by 306 ... [Read More]