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Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
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

S&P/Experian: Auto Loan Defaults Tick Up Marginally in September

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SubPrime Auto Finance News Staff
The auto loan default rate reading that’s part of the S&P/Experian Consumer Credit Default Indices climbed in September, marking the fourth time in the past five months it has ticked up slightly on a sequential basis. But analysts also pointed ... [Read More]

CFPB Finalizes New Privacy Disclosure Rule

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SubPrime Auto Finance News Staff
This week, the Consumer Financial Protection Bureau finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which was proposed in May, allows companies that limit their consumer data-sharing and meet other ... [Read More]

7 New Features of Spireon’s Revamped Tracking Platform

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SubPrime Auto Finance News Staff
Spireon introduced a revamped version of its collateral management platform to help vehicle finance companies on Wednesday. What the company dubbed GoldStar CMS is being billed as a revolutionary new tool geared to reduce the time and costs related to ... [Read More]

Floyd to Step Down as Exeter CEO

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SubPrime Auto Finance News Staff
Exeter Finance Corp. announced late Tuesday that chief executive officer Mark Floyd is stepping down from his role effective Nov. 3. While continuing to serve on the finance company’s board of directors to ensure a smooth transition, Floyd will turn ... [Read More]

AFSA Publishes White Paper on UDAAP Enforcement Authority

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SubPrime Auto Finance News Staff
The State Government Affairs Committee of the American Financial Services Association recently published a white paper detailing how state regulators and attorneys general are beginning to use their new regulatory powers to bring actions against persons allegedly engaged in unfair, ... [Read More]

GM Financial Can Access Parent’s $12.5B Credit Facility

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SubPrime Auto Finance News Staff
About a month after General Motors and General Motors Financial worked out a credit accessibility deal to help the finance company expand its portfolio, the parent automaker executed a revolving credit facility that could help the finance company, too. Late ... [Read More]

White Clarke Group: Still More Pent-Up Demand for Leasing

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Brendan Gleeson, White Clarke Group
The U.S. may at last be pulling out of recession. But there are still headwinds, not least of which emanate from Washington, D.C., as the seemingly intractable gridlock in Congress is doing nothing to reduce uncertainty in the domestic markets. ... [Read More]

SubPrime Auto Finance Executive of the Year Winner Named

Ian Anderson for SPN
Nick Zulovich, Editor
SubPrime Auto Finance News has revealed the recipient of this year’s SubPrime Auto Finance Executive of the Year award, an honor sponsored by Black Book Lender Solutions. The accolade is going to Ian Anderson, president of Westlake Financial Services, which ... [Read More]

US Treasury Sells Another 11.2M Shares of Ally Stock

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SubPrime Auto Finance News Staff
As Ally Financial declared quarterly dividend payments for certain outstanding preferred stock holders, the U.S. Department of the Treasury announced the completion of its second pre-defined written trading plan for Ally Financial common stock. Treasury officials on Friday said they ... [Read More]

With Delinquencies Up, Auto ABS Performance Softens in September

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SubPrime Auto Finance News Staff
Leaves are falling and so is the performance of the auto ABS market, but it’s not a “cause for alarm.” Fitch Ratings indicated that the typically slower fall season is leading to higher losses for both prime and subprime U.S. ... [Read More]

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