Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
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

Car-Mart Opens 111th Dealership, 10th in Alabama

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently announced the opening of its 111th dealership, located in Phenix City, Ala. This store marks the company’s 10th in Alabama, with more on the way, officials noted. Officials also shared ... [Read More]

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]

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]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X