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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
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
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

CNW: Subprime Approvals Climbing in June

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SubPrime Auto Finance News Staff
With the firm’s Jitters Index improving significantly during the first part of month, CNW Research is expecting subprime vehicle financing approvals to climb both month-over-month and year-over-year in June. According to its June Retail Automotive Summary, CNW is seeing this ... [Read More]

Cordray’s Appointment to CFPB Still Questioned

capitol hill for spn story
SubPrime Auto Finance News Staff
Though a Supreme Court decision last week only included a decision invalidating President’s Obama’s recess appointments to the National Labor Relations Board, the chairman of the U.S. House Financial Services Committee remains adamant that the president’s recess tapping of the ... [Read More]

How Latest CFPB Consent Order Gave Valuable Guidance

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SubPrime Auto Finance News
In his newest commentary to help finance companies generate the most revenue out of the sale of add-on products, FNI Inc. president David Bafumo spotted what he described as valuable new guidance from the Consumer Financial Protection Bureau in its ... [Read More]

Metrolina Partners with Plateau Group to Market F&I Products

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SubPrime Auto Finance News Staff
Metrolina Credit Co., a specialty finance operation offering indirect auto financing solutions in the subprime credit space as well as consumer and personal loans direct to the public, recently made a partnership with The Plateau Group, an insurance and financial ... [Read More]

Hyundai and Kia to Offer Free FICO Scores to College Grads

2013 hyundai elantra
SubPrime Auto Finance News Staff
Hyundai Capital America declared this week that it’s now the first captive auto finance company to provide free FICO scores to customers as part of the FICO Score Open Access Program. Hyundai Motor Finance and Kia Motors Finance will offer ... [Read More]

Survey Shows How Unaware Borrowers Are of Refinancing

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SubPrime Auto Finance News Staff
A new survey by RateWatch, a banking data and analytics service owned by TheStreet, showed how many consumers are still unaware there are possible opportunities to refinance their vehicle purchase to a lower interest rate than the one set in ... [Read More]

Supreme Software Now Supports F&I Express eContracting Platform

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SubPrime Auto Finance News Staff
Extending a string of recent business developments, F&I Express finalized a strategic partnership on Tuesday with Supreme Software — The Dealership Tracker. The alignment formed integration creating a network that offers more than 60 providers that Supreme Software dealerships may ... [Read More]

Credit Acceptance Extends Revolving Secured Facility

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SubPrime Auto Finance News Staff
Earlier this week, Credit Acceptance Corp. announced that it extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2016 to June 23, 2017.  The company indicated there were no material changes to the terms ... [Read More]

March Subprime Vehicle Loans Total $13.1B

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Nick Zulovich, Editor
Equifax determined the total dollar amount for subprime vehicle financing originated in March surged higher than any single month going back seven years. Credit bureau analysts found that subprime auto loans in March came in at $13.1 billion, marking an ... [Read More]

Ally Gives $11K in Honor of TIME Dealer of the Year Winner

Ally and dealer for SPN
SubPrime Auto Finance News Staff
Ally Financial recently honored Jeff Teague of Teague Auto Group as the winner of the 2014 TIME Dealer of the Year award and presented a charitable grant to support his efforts in the local community. Ally executives were on hand ... [Read More]

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