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

Nicholas Financial Announces Credit Line Increase & Extension

Nick Zulovich
CLEARWATER, Fla. — With eyes on more expansion projects, Nicholas Financial recently revealed it executed an amendment to its bank credit line that increases the size of the credit line from $140 million to $150 million and extends the maturity ... [Read More]

With Activity Climbing on Major Lender Platforms, How Can Dealers Cash In and Ramp Up Approvals?

Nick Zulovich
FARMINGTON HILLS, Mich. — Though the recovery has been stalling and the U.S. credit downgrade from Standard's & Poor's certainly didn't help,  all four major lender platforms — RouteOne, DealerTrack, Wolter Kluwer's AppOne and Finance Express — report to SubPrime ... [Read More]

ABI: August Bankruptcy Filings Drop

Nick Zulovich
ALEXANDRIA, Va. — Continuing a trend seen throughout the year, the American Bankruptcy Institute discovered the amount August consumer bankruptcy filings dipped both year-over-year and month-over-month. Relying on data from the National Bankruptcy Research Center, ABI determined August consumer bankruptcies ... [Read More]

Medallion Bank Joins Wolters Kluwer’s AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently revealed that Medallion Bank has joined its AppOne lending platform. Medallion Bank — which specializes in financing customers with past-credit problems and provides financing to bank-approved marine and RV dealers across the U.S. ... [Read More]

Massachusetts Dealer Expands Subprime Department to Meet Demand

Nick Zulovich
PITTSFIELD, Mass. — Haddad Auto's subprime finance department — Captain Credit — is growing so quickly that store management is shifting its location. Originally based within Haddad Toyota, officials indicated that as of the end of this month, Captain Credit ... [Read More]

Experian: Gap Between Amount Financed for Used & New Vehicles Continues to Close

Nick Zulovich
SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed ... [Read More]

Nicholas Financial Declares Cash Dividend

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that its board of directors has declared a cash dividend of $0.10 per share on its common stock. The dividend is to be paid on Sept. 20 to shareholders of record as of ... [Read More]

NIADA President Looks to Preserve BHPH Future in the Face of Turbulent Auction Prices and Fed Regulation

Nick Zulovich
HOUSTON — The National Independent Dealers Association’s recently appointed president certainly has his plate full balancing both his buy-here, pay-here dealership Fincher Motor Co., as well as his new role as head of the association. But Don Fincher doesn’t seem ... [Read More]

Experian: Appetite for Risk Grows Double-Digits

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered lenders continued to "increase their appetite for risk" as second-quarter new-vehicle loans for customers with credit outside of prime increased by 22.4 percent when compared to the previous year. In the second quarter, Experian ... [Read More]

Municipal Credit Union Announces Labor Day Auto Loan Sale

Nick Zulovich
NEW YORK — Municipal Credit Union, a New York credit union established in 1916, is running its Labor Day Auto Loan Sale through Monday. Officials said promotions include loan rates as low as 1.95 percent APR for new vehicles and ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X