Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
CarMax CMO Sarah Lane on Company’s Journey from Used-Car ‘Challenger’ to ‘Leader’
Friday, Oct. 10, 2025, 02:15 PM
CarMax chief marketing officer Sarah Lane joins the Auto Remarketing Podcast to talk about the company’s new “Wanna Drive?” branding, its omni-channel buying and selling experience, putting the customer in control and how CarMax sets itself apart in an era ... Listen Here
Regulation like vacated CARS Rule rises in California
Friday, Oct. 10, 2025, 02:00 PM
Many dealers likely cheered when the CARS Rule from the Federal Trade Commission was vacated by a federal court at the beginning of the year. But long-time Arizona independent dealer Ace Christian believed it wouldn’t be long before similar regulations ... Listen Here
How EVAI became VMS with co-CEO David Prusinski
Monday, Oct. 6, 2025, 07:40 PM
David Prusinski is now the co-CEO of Vehicle Management Systems (VMS), which previously operated as EVAI. Prusinski shared about how the company arrived at its new brand and what might be ahead for the provider of data analytics and artificial ... Listen Here

MBSi Capital Unveils Mobile Application to Manage Repo Assignments in the Field

Wednesday, May. 1, 2013, 12:00 AM
Nick Zulovich
PHOENIX — MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it's calling the repossession industry's first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments ... [Read More]

CNW Spots Slowdown in Subprime Approvals This Month

Monday, Apr. 29, 2013, 12:00 AM
Nick Zulovich
BANDON, Ore. — Approvals for subprime auto loans might have hit a speed bump this month. CNW Research indicated that subprime loan approvals have softened by 3.94 percent so far in April as compared to March. President Art Spinella elaborated ... [Read More]

Credit Acceptance Announces Completion of $140.3 Million Asset-Backed Financing

Monday, Apr. 29, 2013, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. last week announced the completion of a $140.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company said it contributed loans having a net book value of approximately $187.8 million to a ... [Read More]

New York Officials Ask Credit Bureaus to Modify Sandy Victims’ Scores

Monday, Apr. 29, 2013, 12:00 AM
Nick Zulovich
ALBANY, N.Y. — New York Gov. Andrew Cuomo is asking credit scoring and reporting bureaus to take immediate action to stop the lowering of credit scores for Superstorm Sandy victims who may be enduring storm-related financial difficulties "beyond their control." ... [Read More]

Nationwide Acceptance Pushes Footprint to 23 States

Monday, Apr. 29, 2013, 12:00 AM
Nick Zulovich
CHICAGO — Nationwide Acceptance expanded its subprime auto sales finance program to service dealers, broadening its footprint to 23 states. Last week, Nationwide Acceptance began operating in Alabama. "We are very excited to continue our expansion and to offer our ... [Read More]

Lithia Leadership Reiterates Value All Dealers Play in Financing Process

Friday, Apr. 26, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MEDFORD, Ore. — Three members of Lithia Motors' management team all voiced strong opinions about the Consumer Financial Protection Bureau's recent guidance on indirect auto lending and dealers' role in retail vehicle ... [Read More]

SEC Charges Capital One with Understating Auto Loan Losses

Friday, Apr. 26, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Securities and Exchange Commission on Thursday charged Capital One and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis. Officials said an SEC investigation ... [Read More]

Top 10 Used & New Models Eyed by Non-prime Buyers

Friday, Apr. 26, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Comprising the list of used vehicles were three pickups from domestic OEMs. The Top 10 included: ... [Read More]

Car-Mart Adds Another Store in Alabama

Friday, Apr. 26, 2013, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 124th store this week. Car-Mart broadened its footprint in Alabama by rolling out a dealership in Gadsden. The new location is the company's 13th dealership in Alabama and the ... [Read More]

Flagship Credit Acceptance Completes Asset-Backed Securitization, Adds West Coast Office

Wednesday, Apr. 24, 2013, 12:00 AM
Nick Zulovich
CHADDS FORD, Pa. — Among a host of other developments, indirect auto finance company Flagship Credit Acceptance completed an asset-backed securitization of $222 million of notes in a transaction that closed last week. Flagship highlighted that the notes were issued ... [Read More]
X