Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

ABI: May Consumer Bankruptcies Fall Double Digits

Nick Zulovich
WASHINGTON, D.C. — May saw a considerable downfall in consumer bankruptcies both month-over-month and year-over-year, according to the American Bankruptcy Institute. Sliding by 16 percent year-over-year, data from the National Bankruptcy Research Center showed that May's overall consumer filings totaled ... [Read More]

GM Financial Unveils $1 Billion Senior Subordinate Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — Soon after word spread about an upcoming dealer floor plan program, GM Financial this week revealed pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities. ... [Read More]

Vehicle Acceptance Reveals New Branch

Nick Zulovich
DALLAS — Citing strong demand, Vehicle Acceptance Corp. announced it is bringing its buy-here, pay-here services to a new office in the Northwest. VAC entered the Portland, Ore., market last year in anticipation of the branch opening, management explained. "We ... [Read More]

Chase Auto Finance Expands Subprime Market Presence

Nick Zulovich
DES MOINES, Iowa — As lenders look to grow profitability and market share, subprime could become an attractive avenue again, albeit with tighter underwriting criteria. In perhaps one indication of the subprime market's slow return, Chase Auto Finance announced today that ... [Read More]

CarHop Ramps Up Assistance to Joplin Tornado Victims

Nick Zulovich
JOPLIN, Mo. — As the company's dealership barely escaped severe damage, CarHop is broadening its efforts to serve customers in Joplin, Mo., site of nation's deadliest single tornado since the National Weather Service started keeping records in 1950. Along with ... [Read More]

VINtek Takes Portal to iPhone & iPad

Nick Zulovich
PHILADELPHIA — VINtek announced that its consumer auto finance Web portal is now compatible with the Apple iPhone and iPad. The company's TitleMyCar website can enable dealers to cut down on processing time and costs by electronically delivering documents to borrowers for ... [Read More]

Westlake to Become Regular Securitization Issuer

Nick Zulovich
LOS ANGELES — Westlake Financial Services recently finalized a revolving securitization facility with Wells Fargo Securities worth $250 million. The company said the deal closed May 26. "This latest securitization is another step towards realizing our goal of becoming a ... [Read More]

Sunwest Bank Branch Now Offering Credit Lines to Subprime Auto Lenders

Nick Zulovich
ANAHEIM, Calif. — In conjunction with hiring a new senior vice president and team leader for its commercial banking group, Sunwest Bank revealed it's now offering rediscount lines of credit to indirect subprime auto lenders from its Anaheim, Calif., office. Rediscount ... [Read More]

GM Financial to Launch Dealer Floor Planning

Nick Zulovich
FORT WORTH Texas — General Motors dealers who use GM Financial to service subprime buyers could be using the company for more store financing operations later this year. GM Financial confirmed Wednesday that it plans to give franchise dealers a ... [Read More]

CNW: Independent Dealers’ Inventory Issues Hurt May Used Sales Total

Nick Zulovich
BANDON, Ore. — CNW Research's May used-vehicle sales figures show how independent and buy-here, pay-here dealers struggled somewhat to maintain retail traction because of inventory limitations. Independent dealers sold 1,490,749 used vehicles in May, a decline of 4.4 percent from ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X