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

First Investors Gains New VP & Co-COO

Nick Zulovich
HOUSTON — First Investors Financial Services Group recently named an industry veteran to be its senior vice president of marketing and originations as well as co-chief operating officer. Taking on the role is David Satterfield, who First Investors is asking ... [Read More]

Ally Credit Canada Joins DealerTrack Canada

Nick Zulovich
TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack ... [Read More]

SEC Files Lawsuit Against Subprime Auto Firm

Nick Zulovich
BOSTON — The Securities and Exchange Commission is alleging that Inofin, a subprime auto finance firm, and several of its top officers improperly raised funds through unregistered securities, among other claims. The SEC is taking the company to court over the ... [Read More]

GenerationLeads Rolls Out Solutions to Bring Subprime Buyers to Dealers

Nick Zulovich
DALLAS — After compiling nine years of experience building leads for other retailers that sought buyers who have subprime credit, GenerationLeads recently revealed its leads now are available to franchise dealers. An advantage GenerationLeads insists it can deliver to store ... [Read More]

Suzuki, Sheffield Financial Renew Deal

Nick Zulovich
CLEMMONS, N.C. — This week, Sheffield Financial and American Suzuki Motor Corp. renewed and expanded their three-year financing services agreement, effective immediately. Executives explained the new contract covers both installment and revolving financing for motorcycles, scooters, ATVs and UTVs manufactured ... [Read More]

NADA Reports on Its Participation in FTC Vehicle Finance Roundtable

Nick Zulovich
DETROIT — The National Automobile Dealers Association revealed some insights into the Federal Trade Commission's Dealer Roundtable yesterday. The group said its representatives were on hand during the event in Detroit to highlight the importance of dealer-assisted financing. The series ... [Read More]

Black Book Now Helping Dealers Get Better Handle on Customer Credit Scores Before They Come to Store

Nick Zulovich
BOCA RATON, Fla. — In an effort to cut down the amount of time customers need to spend in the F&I office, as well as generate stronger leads for dealers, Black Book this morning announced a new Credit Activator offering that ... [Read More]

Wells Fargo Auto Finance to Trim 193 Collection Jobs

Nick Zulovich
BETHLEHEM, Pa. — SubPrime Auto Finance News recently confirmed that Wells Fargo Auto Finance is shuttering its auto loan collections operation at Bethehem, Pa., Lehigh Shopping Center in May, which will result in 193 layoffs. The company's reasoning for the closure ... [Read More]

Huntington to Step Up Hiring, Auto Lending in Michigan

Nick Zulovich
COLUMBUS, Ohio — Huntington announced this morning that thanks to the state's improving economic recovery, the company is significantly expanding its Michigan auto dealer financing business and will add key personnel to support this move. "With Michigan's continuing economic recovery, we ... [Read More]

Fed Suspends New-Vehicle Loan Average Reporting

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve halted its reporting on averages for new-vehicle loans by finance companies. Officials indicated the statistical foundation for this series of updates has "deteriorated" in the past few months. "Therefore, publication of these series is ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X