Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Credit Acceptance Increases Credit Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. has extended the maturity and increased the amount of its revolving secured line of credit facility, as well as extended the date on which its $325 million revolving secured warehouse facility will cease to revolve. Credit Acceptance ... [Read More]

Hyundai Renews Partnership with Social Website to Help Consumers with Down Payments

Nick Zulovich
FOUNTAIN VALLEY, Calif. — In an effort to push the 2012 Accent and the rest of its new-model lineup, Hyundai Motor America renewed its partnership with Motozuma, a free social savings website where consumers can stash money to be used ... [Read More]

Finance Express Now Offers AutoCheck Reports Online

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Taking its dealer suggestions seriously, Finance Express recently announced that Experian Automotive’s AutoCheck vehicle history reports will now be available through the company’s Internet-based dealer management system. "We take our dealers' suggestions very seriously, so ... [Read More]

PNC to Expand South with RBC Bank Purchase

Nick Zulovich
PITTSBURGH — PNC announced this week that it has reached a deal to purchase the U.S. arm of Royal Bank of Canada for $3.45 billion, or a $112 million discount on "tangible book value," according to management. With about $25 billion in ... [Read More]

Below Prime Auto Financing Conference: As the Market Comes Back, Auto Lenders Look to Grow

Nick Zulovich
FORT WORTH, Texas — Even though the industry is facing ever-increasing regulation thanks to the developing Consumer Financial Protection Bureau and all the rules this will likely entail, the atmosphere at this year's Below Prime Auto Financing Conference in Fort Worth, ... [Read More]

Chase Reaches Settlement with OCC

Nick Zulovich
WASHINGTON, D.C. — SubPrime Auto Finance News learned Wednesday that JP Morgan Chase & Co. has settled some challenges raised by the Office of the Comptroller of the Currency over its auto finance credit tactics and credit tactics at two other ... [Read More]

DBRS: Auto ABS Performance Outshines Other Investment Segments During Recession

Nick Zulovich
NEW YORK — Evidently the portfolio assembled by auto lenders during the past five years generated stronger returns for Wall Street investors than other possibilities such as home mortgages. That's according to the assessment offered by DBRS in its latest ... [Read More]

Vehicle Acceptance Joins the NIADA National Member Benefit Program

Nick Zulovich
DALLAS — This week, Vehicle Acceptance Corp. joined the National Member Benefit Program orchestrated by the National Independent Automobile Dealers Association. The alignment is geared to provide association members with preferred access to capital and a professional collection efforts. VAC ... [Read More]

J.D. Byrider Opens First Arkansas Dealership

Nick Zulovich
NORTH LITTLE ROCK, Ark. — J.D. Byrider announced late last week that it is opening a new dealership, the company’s first in Arkansas. The new 25,000-square-foot store is located in Sherwood, Ark., and offers on-site financing, used-car sales, a service ... [Read More]

ABI Poll: One Director for Consumer Protection Bureau More Effective than Board

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute recently asked visitors to its website if the new Consumer Financial Protection Bureau would be more effective run by one director or a five-member board. Results from the ABI Quick Poll showed a ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X