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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Fitch Cautions Lenders About Used Supply Pressuring ABS Performance

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SubPrime Auto Finance News Staff
Fitch Ratings projected that increased supplies of off-lease vehicles coupled with rising inventories and new-vehicle production could hurt the wholesale market and auto ABS performance metrics over the long term. Citing data from Ward's Automotive, Fitch indicated that days' supply ... [Read More]

Zurich Joins Forces with Hudson Cook to Develop Guidance & Tools for Compliant Lending

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SubPrime Auto Finance News Staff
Amid stepped up federal regulatory enforcement against alleged discriminatory and deceptive lending practices, Zurich North America prepared a package of initiatives to assist dealers in managing their entire credit origination processes. Zurich highlighted these initiatives are designed to assist dealerships ... [Read More]

Credit Acceptance Sees Originations, Dealer Network, Net Income All Rise in 2013

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Nick Zulovich, Editor
As the finance company closed the year with a 16.2-percent jump in active dealers, Credit Acceptance Corp. watched its unit and dollar volumes rise by double figures during the fourth quarter as well, to leave the operation with a healthy ... [Read More]

Former Top CFPB Official Hackett to Join Hudson Cook

Nick Zulovich, Editor
At last year's National Automotive Finance Association Non-Prime Auto Financing Conference keynote session, Hudson Cook chairman Tom Hudson broke the ice by stating he could validate how great of a relationship he had with Rick Hackett, who at the time ... [Read More]

Exeter Details $650 Million Securitization

SubPrime Auto Finance News Staff
Earlier this week, Exeter Finance Corp. announced that EFCAR, LLC, a special purpose Delaware limited liability company and wholly owned subsidiary, priced $650 million in aggregate principal amount Series 2014-1 automobile receivable backed notes, which will be issued in four ... [Read More]

Ford Credit’s Falotico Named Chair of AFSA Vehicle Finance Division

SubPrime Auto Finance News Staff
The American Financial Services Association installed Joy Falotico, executive vice president, marketing, sales and the Americas at Ford Motor Credit, as chair of AFSA's Vehicle Finance Division Board, succeeding Andrew Stuart of VW Credit. In this role, AFSA highlighted Falotico ... [Read More]

RouteOne Rolls out eContracting ‘Shortcut’ for Finance Sources

SubPrime Auto Finance News Staff
Earlier this week, RouteOne highlighted it will offer its finance source customers what the company is calling a "shortcut" that can allow them to quickly and easily support the RouteOne eContracting process without the typical technology investment. The company explained ... [Read More]

NextGear Capital Picks Violin Flash Memory Arrays to Improve Dealer Services

SubPrime Auto Finance News Staff
In an effort to help used-car managers complete the floor-planning process as quickly as possible, NextGear Capital recently tapped Violin Memory, a provider of persistent memory-based storage solutions, to accelerate the delivery of key services to the company's customer base ... [Read More]

Santander Consumer USA Outlines IPO Details

SubPrime Auto Finance News Staff
Last week during the midst of the American Financial Services Association's Vehicle Finance Conference, Santander Consumer USA announced the pricing of its initial public offering. The company is selling 74,991,470 shares of common stock at a price of $24 per ... [Read More]

SFG Finance Watches Year-Over-Year Growth Hit 30 Percent

SubPrime Auto Finance News Staff
Auto finance receivables purchaser SFG Finance highlighted this week that its portfolio grew 30 percent over the last year. SFG Finance indicated the majority of this increase came from the company's subprime flow program — an initiative in which independent, ... [Read More]

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