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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
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

CPS Maintains Goal of Reaching $2B Portfolio

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Nick Zulovich, Editor
Consumer Portfolio Services chairman and chief executive officer Brad Bradley repeated the formula the company needs to reach a $2 billion portfolio: purchase $125 million worth of vehicle contracts each month. Simple enough, right? Well, Bradley acknowledged the path to ... [Read More]

FNI Outlines 5 Points When Considering Prices for Add-on Products

SubPrime Auto Finance News
The combination of two recent events — regulator enforcement action against Ally Financial and a study by a powerful consumer group — prompted FNI Inc. president David Bafumo to outline five points auto finance companies can consider when pricing add-on ... [Read More]

Former CNCDA Official to Become President of Auto Advisory Services

SubPrime Auto Finance News Staff
Compliance consulting company Auto Advisory Services announced who will become its new president while also revealing on Thursday that current president and principal Rob Cohen will remain as chairman. Joining AAS from the California New Car Dealers Association is Jonathan ... [Read More]

Nicholas Financial Increases Contract Purchases in Q3

SubPrime Auto Finance News Staff
With the sale of the vehicle financing company influencing some of its bottom-line performances, Nicholas Financial purchased more contracts during the third quarter of its current fiscal year as compared to a year earlier. The company brought in 3,426 contracts ... [Read More]

Huntington Survey Highlights Upbeat Auto Forecast for Midwest

SubPrime Auto Finance News
Huntington Bank is bullish about its vehicle financing opportunities this year after upbeat results from its yearly survey to gauge sales potential in the Midwest. The company's second annual Midwest Economic Index indicated that 22 percent of consumers in the ... [Read More]

EFG Companies: Are You Frustrated with CFPB’s Compliance Guidelines?

Steve Klees, EFG Companies
If you attended last month's National Automobile Dealers Association Convention & Expo or have simply been following industry news, you know that compliance is this year's hot topic. In the first quarter of 2013, the Consumer Financial Protection Bureau threw ... [Read More]

Credit.com Survey Sheds Light on How Married & Divorced People Handle Finances

SubPrime Auto Finance News
In new survey results released today that looked at how married and divorced people deal with credit and debt that can include auto loans, Credit.com found that almost half (49 percent) of currently married couples reported their credit scores to ... [Read More]

Ally’s Relationship Management Center Unveils Preapproval Option

SubPrime Auto Finance News Staff
Ally Financial's Relationship Management Center recently launched a new feature that can gives dealers the ability to send customers firm offers of credit. Ally explained the RMC is an online lead generation platform that can enable dealers to create and ... [Read More]

CPS Overcomes Competition to Post Record Pre-Tax Profits

Nick Zulovich, Editor
Consumer Portfolio Services navigated more pronounced subprime vehicle financing competition during the fourth quarter en route to record pre-tax profits for the year. The company reported this week that its Q4 earnings totaled $6.5 million or $0.21 per diluted share. ... [Read More]

Fiserv Hits New Highs in 2013 with e-Contracts

SubPrime Auto Finance News Staff
Fiserv highlighted that dealers and lenders used its Automotive Loan Origination System (LOS) to process more than 13.6 million credit applications last year, an increase of 16.5 percent from the 2012 total. Fiserv said more than 4.6 million contracts were ... [Read More]

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