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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

Ford Credit Shows Steep Decline in Charge-Offs

Nick Zulovich
DEARBORN, Mich. — In reporting its second quarter results, Ford Credit revealed that charge-offs have decreased significantly. For the quarter, total charge-offs came in at $41 million, compared to $86 million in the same period of 2010. Breaking it down even ... [Read More]

NCM, SubPrime Auto Finance News Partner to Offer BHPH Webinar Tomorrow

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates is participating in a buy-here, pay-here dealer-geared Webinar tomorrow at 2 p.m. EST sponsored by Auto Remarketing and SubPrime Auto Finance News.  Brent Carmichael, NCM executive conference moderator, trainer and consultant to the BHPH industry, ... [Read More]

Dealers Face Financial Realities at AFSA Forum

Nick Zulovich
ALEXANDRIA, Va. — Last week I attended the Vehicle Finance Executive Forum in Washington D.C., with American International Automobile Dealers Association president Cody Lusk. The event, organized by the American Financial Services Association, was packed with dealers, members of the ... [Read More]

Huntington’s 2Q Auto Loan Portfolio Jumps by Double Digits Year-Over-Year

Nick Zulovich
COLUMBUS, Ohio — As Huntington Bancshares watched its second-quarter net income shoot up 15 percent from the first quarter of the year, officials explained Thursday how their auto loan portfolio significantly aided that progress. Huntington determined its average auto loan ... [Read More]

LEAP Auto Loans Gains New Director of Business Development

Nick Zulovich
SAN DIEGO — LEAP Auto Loans, an auto leasing company serving consumers who have difficulty obtaining credit, named a new director of business development for the consumer channel this week. Tapped for role is Kyle Kolsky, who is being charged with ... [Read More]

Jensen: Chase Custom Finance Adds Dealers While Growing Originations and Local Offices

Nick Zulovich
FORT WORTH, Texas — In a special interview with Chase Custom Finance executive Bill Jensen, SubPrime Auto Finance News learned that his company actually grew market share during the downturn while other lenders were pulling back. "Throughout the financial crisis, Chase ... [Read More]

ProconGPS Acquires Vehicle Repossession Patents from CalAmp

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS, a mobile resource management solutions company, recently announced it has bought the patents governing repossessions in the vehicle finance industry from CalAmp Corp. The intellectual property covers methods and systems that utilize GPS technology, cellular networks ... [Read More]

Sunwest Funds $4.5 Million in Subprime Lender Rediscount Credit Lines

Nick Zulovich
ANAHEIM, Calif. — Sunwest Bank funded $4.5 million in credit lines for subprime auto finance companies in June,  its senior vice president of commercial lending reported to SubPrime Auto Finance News. "We funded one for $2 million and another for $2.5 ... [Read More]

First Investors Posts Record 4Q & Fiscal Year Earnings

Nick Zulovich
HOUSTON — With new origination volume soaring, First Investors Financial Services Group finished its 2011 fiscal year on a record-setting note, watching net income climb to the highest point in company history. Officials recently calculated their net earnings came in ... [Read More]

NCM Plans Free Webinar to Outline Key Principles for BHPH Success

Nick Zulovich
OVERLAND PARK, Kan. — Whether it's a well-established buy-here, pay-here dealership or a franchise lot looking to venture into the BHPH market, NCM Associates is planning a free Webinar to benefit all managers and salespeople. The upcoming 60-minute session with ... [Read More]

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