Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
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

ABI: January Bankruptcy Filings Decrease by 11 Percent from Previous Year

Nick Zulovich
ALEXANDRIA, Va. — The New Year began with total bankruptcy filings in the United States heading on a downward path as the January level dropped by 11 percent year-over-year. According to data provided by Epiq Systems, the American Bankruptcy Institute ... [Read More]

Finance Companies Stress Importance of Customer Service During BHPH Paper Transition

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SMYRNA, Ga. — Doug Pitcher cringed at the thought of buy-here, pay-here dealership paper moving to another finance company and the outcome going badly. "It's everything," Pitcher — the director of sales ... [Read More]

Leedom Group’s Vehicle Valuation Guidebook Ramps Up for Spring Launch

Nick Zulovich
SARASOTA, Fla. — Leedom Group is gearing up to debut its BHPH Gold Book, what it's describing as a national vehicle valuation guidebook designed to provide dealers and consumers with real-world retail values for vehicles typically associated with the buy-here, ... [Read More]

VW Credit Celebrates Facility Expansion on Heels of Record-Setting Year

Nick Zulovich
LIBERTYVILLE, Ill. — Coming off what was a record-setting year for the captive finance arm for Volkswagen and Audi, VW Credit celebrated the opening of a 30,000-square-foot expansion of its facility last week. Officials highlighted the $10 million expansion that ... [Read More]

AASC Board of Directors Appoints Broe as New Interim President and CEO

Nick Zulovich
ATLANTA — Sister publication Auto Remarketing learned Thursday that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work ... [Read More]

Sustainability of Recent Subprime Growth Varies by Viewpoint

Nick Zulovich
SOUTHFIELD, Mich., and IRVINE, Calif. — Depending on who is responding, the subprime auto financing market is either growing at a sustainable pace or is leading back to poor practices such as underwriting that's too loose. As Fitch Ratings approached ... [Read More]

Ally Financial Survey Shows Dealers Upbeat About F&I Prospects This Year

Nick Zulovich
DETROIT — The F&I office should be busy this year based on the results of an Ally Financial survey conducted at the recent National Automobile Dealers Association Convention & Expo. More than 70 percent of participating dealers expect sales of ... [Read More]

Nationwide Acceptance Recapitalized by Prospect Capital

Nick Zulovich
NEW YORK and CHICAGO — Continuing a string of investment firms pushing money into subprime auto lenders, special finance paper purchaser Nationwide Acceptance Corp. recently received an injection from Prospect Capital Corp. Officials said the combined debt and equity financing ... [Read More]

FTC Study: 1 in 5 Consumers Have At Least 1 Error on Credit Report

Nick Zulovich
WASHINGTON, D.C. — As the agency decided to extends deadline for comments on proposed modifications to its Used Car Rule, the Federal Trade Commission said its annual study of the U.S. credit reporting industry found that 5 percent of consumers ... [Read More]

RouteOne Introduces New Solution to Help Dealers Convert Online Shoppers into F&I Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — Along with developments connected with Dominion Dealer Solutions, RouteOne introduced FinanceConnect, a new product designed to help dealers quickly convert online vehicle shoppers into F&I customers. Officials highlighted FinanceConnect can offer dealers a customizable credit application ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X