Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

Credit Acceptance’s 3Q Income Strengthened by Stable Returns

Nick Zulovich
SOUTHFIELD, Mich. — A continued stretch of stable returns propelled Credit Acceptance Corp. to more positive gains in consolidated and adjusted net income during the third quarter. The company revealed earlier this week that its consolidated net income totaled $42.0 million ... [Read More]

ABI: October Filings Edge Higher From Previous Month

Nick Zulovich
ALEXANRIA, Va. — American Bankruptcy Institute officials determined this week that October filings represented a slight rise from the previous month, but a decline from the year-ago period. Relying on data from the National Bankruptcy Research Center, the institute reported U.S. ... [Read More]

Ally Points to Used-Vehicle Market as Growth Opportunity

Nick Zulovich
NEW YORK — Revealing preliminary third-quarter results, Ally Financial said that for its auto finance business one of the areas it sees as a strong growth opportunity is the used-vehicle market. And the company has already been ramping up originations for ... [Read More]

Huntington Expands Into Five New England States

Nick Zulovich
COLUMBUS, Ohio — Huntington announced Wednesday that it is expanding its auto dealer financing business into five additional states, including Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. Nick Stanutz, Huntington's senior executive vice president and head of the auto finance and dealer ... [Read More]

Exeter Finance Partners with Open Dealer Exchange

Nick Zulovich
TROY, Mich. — Open Dealer Exchange announced Monday that it now has an agreement with Exeter Finance Corp. for credit application integration directly within the dealership management system. Open Dealer Exchange is designed to streamline the sales process by securely embedding financial ... [Read More]

Nicholas Financial Reports Record 2Q Earnings, Revenue

Nick Zulovich
CLEARWATER, Fla. — A double-digit jump in revenue pushed Nicholas Financial to record net earnings during its most recent quarter as well as impressive gains for the first six months of its fiscal year. Company executives recently shared that their net ... [Read More]

MVTRAC Brings Santander Consumer USA into Recovery Network

Nick Zulovich
PALATINE, Ill. — This week, Santander Consumer USA joined MVTRAC's network of automotive lenders. The new relationship means as an indirect/direct lender and portfolio purchaser with more than 12,000 dealership relationships nationwide, Santander brings thousands of VINs and an ongoing daily supply ... [Read More]

CU Xpress Says It’s Seeing Record Auto Lease Pace for 3rd and 4th Quarters

Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease, a leading credit union lease provider, says it is witnessing a record-setting pace is auto leasing activity, with September up 100 percent year-over-year. The company went on to say it processed more than 1,500 lease applications for October. ... [Read More]

Huntington Posts Strong 3Q Auto Loan Gains

Nick Zulovich
COLUMBUS, Ohio — In what the top executive called a "bright spot," Huntington Bancshares enjoyed healthy, double-digit gains in average automobile loans and leases when looking at both quarter-over-quarter and year-over-year comparisons. When first comparing the third quarter with the second ... [Read More]

New USAA Ad Campaign Aims to Connect with Current, Former Troops

Nick Zulovich
SAN ANTONIO — To let current and former military members and their families know about the various services it offers — which includes auto loans and car-buying services, just to name a few — USAA said Wednesday that it is rolling out a ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X