Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
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

Subprime Originations Rise for 5th Straight Year

graph concept 3
Nick Zulovich, Editor
The latest data from Equifax showed the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 ... [Read More]

FICO Unveils New Consumer Credit Education Program

buying car 3
SubPrime Auto Finance News Staff
Building upon its efforts to give consumers increased access to their FICO score and help lenders be more informative about credit scoring, FICO rolled out a new program this week called FICO Custom Credit Education. Through this solution, officials explained ... [Read More]

Prestige Financial Executes Its Largest Securitization Ever

money 4
SubPrime Auto Finance News Staff
Prestige Financial Services announced today that it completed its 12th and largest rated term securitization. The company hit the mark by issuing $390 million in securities backed by $396,383,511 in automobile installment receivables. In a transaction led jointly by J.P. ... [Read More]

NC-Based Lender in Expansion Mode with Former Nicholas Exec

graph concept 4
Nick Zulovich, Editor
A former senior vice president of Nicholas Financial is looking to duplicate the same success he enjoyed previously now that he is overseeing a North Carolina-based operation fueled by a merchant banking firm. Douglas Marohn now is chief executive officer ... [Read More]

Bank of the West Announces Auto Finance Department Promotions

news
SubPrime Auto Finance News Staff
Bank of the West highlighted management shifts this week since Mark Beecher, executive vice president and head of sales and marketing for the bank’s indirect lending in the automotive, marine and recreational vehicle sectors, will retire on May 1. With ... [Read More]

Compli to Host Free Webinar Covering Workplace Challenges

shutterstock_5798557-web
SubPrime Auto Finance News Staff
Compliance obligation management software provider Compli is hosting a free webinar to help companies navigate workplace challenges coming this year. The session titled, “Positioning Your Business for the 2014 Workplace,” is set to include Jean Roque, president and owner of ... [Read More]

Black Book Expands Exec’s Role in Lender Solutions Division

hands shaking 1
SubPrime Auto Finance News Staff
Black Book announced today that one of its executives will expand his role to also oversee the company’s lender solutions division to replace Jeff Bunch who left the company earlier this year. Taking on this challenge is Jared Kalfus, Black ... [Read More]

BillingTree Makes Move into Auto Finance Sector

BillingTree -- Marya Ulis for SPN story
Nick Zulovich, Editor
A wide array of firms and analysts dissect trends and more about how consumers use their mobile devices to find the vehicle they eventually end up purchasing. The popularity of mobile devices prompted on-demand payment processing technology provider BillingTree to ... [Read More]

TFS Issues Asset-Backed Green Bond to Fund Consumer Loans and Leases

Prius_v_009-web
SubPrime Auto Finance News Staff
There now is a much larger pool of funds to underwrite contracts for Toyota’s most fuel-efficient vehicles. Today, Toyota Financial Services issued what the company believes is the industry’s first-ever asset-backed green bond in the amount of $1.75 billion. Officials ... [Read More]

NADA, Capital One Counsels Reiterate CFPB Questions

Andy Koblenz for SPN story
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]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X