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Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 02:33 PM
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... Listen Here
The Future of EVs & More From the OEM Lens
Tuesday, Sep. 30, 2025, 07:38 PM
Laurie Harbour is a partner at Wipfli, a top 25 accounting and advisory firm, and works with automakers and suppliers on how to adjust to changing winds of automotive. Harbour joins the Auto Remarketing Podcast to discuss how automakers are ... Listen Here
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

NADA, Capital One Counsels Reiterate CFPB Questions

Andy Koblenz for SPN story
Monday, Mar. 24, 2014, 04:06 PM
SubPrime Auto Finance News Staff
Andy Koblenz, executive vice president and general counsel for the National Automobile Dealers Association, heard leaders from the Consumer Financial Protection Bureau speak last week and again left with questions about how the new regulatory agency intends to oversee vehicle ... [Read More]

Small Dealer Population Sees Subprime Pullback

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Monday, Mar. 24, 2014, 04:02 PM
SubPrime Auto Finance News Staff
For the first time this year, some dealers are seeing finance companies pull back in their willingness to complete contracts. According to the latest dealer survey from KeyBanc Capital Markets, the financing outlook still remains favorable as 50 percent of ... [Read More]

TransUnion Study Reaffirms Auto Loan Payment Importance

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Friday, Mar. 21, 2014, 03:47 PM
Nick Zulovich, Editor
The latest update of an ongoing TransUnion study showed consumers continue to place an emphasis on paying their auto loans before their mortgages and credit card payments — and by a wide margin. TransUnion contends this trend has been in ... [Read More]

Wolters Kluwer Survey Shows Depth of Regulatory Burden Growth

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Friday, Mar. 21, 2014, 03:43 PM
SubPrime Auto Finance News
Results of the latest Regulatory & Risk Management Indicator for the U.S. banking industry issued this week by Wolters Kluwer Financial Services indicated U.S. banks and credit unions are carrying a much heavier regulatory and risk management burden than they ... [Read More]

Credit Acceptance Posts Gains During Tax Season

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Friday, Mar. 21, 2014, 03:41 PM
SubPrime Auto Finance News Staff
Since Credit Acceptance Corp., is planning to purchase up to 637,420 shares of its outstanding common stock later this month, the company offered some operating results for the two months of the year as the industry navigated through the peak ... [Read More]

CPS Finalizes 1st Securitization of 2014

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Friday, Mar. 21, 2014, 03:36 PM
SubPrime Auto Finance News Staff
This week, Consumer Portfolio Services announced the closing of its first term securitization of the year. The transaction is CPS’ 12th senior subordinate securitization since the beginning of 2011. In the transaction, qualified institutional buyers purchased $180 million of asset-backed ... [Read More]

Spireon Forms Alliance to Help Credit Unions Mitigate Risk

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Wednesday, Mar. 19, 2014, 03:27 PM
SubPrime Auto Finance News Staff
Spireon is a part of new alliance aimed at rolling out a solution developed and designed exclusively for credit unions to help them track vehicles in their auto loan portfolios. Earlier this week, Spireon highlighted a new collaboration between the ... [Read More]

House Members Want More Access to CFPB Meetings

Hensarling pic for SPN
Wednesday, Mar. 19, 2014, 03:24 PM
SubPrime Auto Finance News Staff
To mark “Sunshine Week,” a national initiative launched by the media to promote open government, U.S. House Financial Services Committee chairman Rep. Jeb Hensarling is calling on Consumer Financial Protection Bureau director Richard Cordray to end the bureau’s closed-door meeting ... [Read More]

Composite Default Reading at Lowest Point Since 2006

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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

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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]
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