Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Stronger Volume Trends & Loan Conditions Spark Credit Acceptance to 3Q Income Gains

Nick Zulovich
SOUTHFIELD, Mich. — Strong gains in both loan unit volume and the amount financed pushed Credit Acceptance Corp. to third-quarter jumps in both consolidated net income and adjusted net income. The company recently revealed its third-quarter consolidated net income came ... [Read More]

U.S. Bank Launches Online Auto Buying Service

Nick Zulovich
MINNEAPOLIS — In what could generate leads for participating dealers, U.S. Bank and TrueCar recently joined forces to create the U.S. Bank Auto Buying Service. Officials highlighted the U.S. Bank Auto Buying Service can help shoppers to find the vehicle of ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
Read More

Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
Read More

Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
Read More

Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
Read More

AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
Read More

The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
Read More

Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
Read More

Dealer Playbook: 5 Takeaways for Auto Retailers Using AI

The May issue of Auto Remarketing — “Shifting Gears: AI’s Role in Retail Automotive” — explores how top auto retailers...
Read More

Equifax: Auto Finance Companies Originating More Subprime Loans Than Banks & Credit Unions

Nick Zulovich
ATLANTA — The latest Equifax National Credit Trends Report declared auto finance companies have significantly increased lending. In fact, the growth is more than 47 percent during the past two years. Analysts discovered auto finance lenders outpaced bank and credit union lending ... [Read More]

Sevara Partners with SAFCo to Secure Credit Facility

Nick Zulovich
NEW YORK — It was revealed Wednesday that investment bank Sevara Partners has helped secure a $50 million subordinated credit facility for Southern Auto Finance Co. — a subprime auto finance company headquartered in Florida and operating in nine states. The ... [Read More]

BHPH Contract Purchaser ALPS Reveals Significant 3Q Growth

Nick Zulovich
LOS ANGELES — Westlake Financial's Advanced Lending & Portfolio Services, which buys buy-here, pay-here contracts, recently announced its third quarter results, revealing a significant 2,000 percent growth year-over-year. The company ended the third quarter with a total portfolio size of $11.5 million. Commenting on ... [Read More]

Ally: Strong 3Q Auto Performance Not Enough to Reverse Mortgage Struggles

Nick Zulovich
NEW YORK — Ally Financial's strengthening third-quarter auto originations weren't enough to overcome softening within the company's mortgage division, resulting in a net loss. Ally said earlier this week that it sustained a third-quarter net loss of $210 million, compared ... [Read More]

Special Room Rate for Used Car Week Conferences Expires Today

Nick Zulovich
CARY, N.C. — As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, it was announced the special conference room rate of $200 expires today and cannot be extended. Bill ... [Read More]

Ford Credit President Chosen as AFSA Chair

Nick Zulovich
WASHINGTON, D.C. — Revealed late last week, Ford Motor Credit’s president has been installed as the American Financial Services Association’s 2011–2012 chair. John Noone was appointed to the position during the association’s 95th annual meeting in the nation’s Capitol. Commenting ... [Read More]

Nicholas Financial Posts Record 2Q

Nick Zulovich
CLEARWATER, Fla. — With more location growth on the horizon, Nicholas Financial enjoyed a record second quarter, generating a 39-percent increase in net earnings. The company recently reported its second-quarter net earnings figure rose to $5.520 million from $3.982 million. ... [Read More]

Clarity Services Unveils ID Fraud Product Specifically Designed for Subprime Market

Nick Zulovich
CLEARWATER, Fla. — Clarity Services, a provider of subprime, thin-file and under-banked consumer data reporting, recently announced the release of its new Clear Subprime ID Fraud solution. The company highlighted Clear Subprime ID Fraud can provide several identity verification elements ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X