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

Mercedes-Benz Financial Services Named to 2012 Great Place to Work List

Nick Zulovich
FARMINGTON HILLS, Mich. — For the first time in company history, Mercedes-Benz Financial Services was named by Great Place to Work as one of the best workplaces in the United States on its annual Best Small and Medium Workplaces list. ... [Read More]

Ally’s Q3 Originations Soften Slightly

Nick Zulovich
NEW YORK — Ally Financial's North American Automotive Finance, which includes operations for the U.S. and Canada, watched both its pre-tax income and loan originations soften during the third quarter. The company reported this morning that its third-quarter pre-tax income ... [Read More]

Despite Sandy’s Impact, October Used Sales Still Manage Year-Over-Year Gain

Nick Zulovich
BANDON, Ore. — As damage tallies stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW ... [Read More]

OpenRoad Lending, TrueCar Form Partnership

Nick Zulovich
NORTH RICHLAND HILLS, Texas and SANTA MONICA, Calif. — OpenRoad Lending, an online direct-to-consumer auto finance company, recently partnered with TrueCar for an alliance aimed at creating a better experience for consumers and dealers. With the new program on OpenRoad ... [Read More]

AutoNation Taps CU Direct Connect as a Preferred Lender

Nick Zulovich
CENTENNIAL, Colo. — CU Direct Connect announced this week that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group's stores in Colorado. The agreement was effective as ... [Read More]

First Investors Shareholders Overwhelmingly Approve Merger with Private Equity Firm

Nick Zulovich
HOUSTON — First Investors Financial Services Group said Tuesday's special meeting of its shareholders resulted in approval of the company's previously announced merger with an affiliate of Aquiline Capital Partners, a New York-based private equity firm investing in the financial ... [Read More]

GM Financial, Ford Motor Credit Watch Q3 Net Income Rise

Nick Zulovich
DEARBORN, Mich., and FORT WORTH, Texas — Both General Motors Financial and Ford Motor Credit posted gains in third-quarter net income, according to reports the companies shared Tuesday and this morning. The company that posted a higher year-over-year increase was ... [Read More]

CarHop Continues BHPH Network Expansion, Branching into Pennsylvania

Nick Zulovich
EDINA, Minn. — Buy-here, pay-here dealership chain CarHop not only bolstered its presence in well-established markets, the company recently opened a dealership in Pennsylvania to raise its footprint to 16 states. That newest store is in Pittsburgh, located at 3408 ... [Read More]

Consolidated Asset Recovery Systems Taps VP of Sales

Nick Zulovich
RALEIGH, N.C. — Consolidated Asset Recovery Systems recently hired a new vice president of sales. Joining the provider of repossession and remarketing services is Jeff Swisher. CARS is looking for Swisher to help the company further scale the sales organization ... [Read More]

Expectations for Monthly Used-Car Sales

Nick Zulovich
CARY, N.C. — As the October sales month winds down, used-car sales projections for the period are up. SubPrime Auto Finance News compiled the sale forecasts for October from TrueCar.com, Edmunds.com and CNW Research. While the numbers may vary, the ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X