Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

Mercedes-Benz Financial Expands Mobile Platform

Thursday, Mar. 4, 2010, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Thanks to a new offering from Mercedes-Benz Financial, its customers can now access personalized account management features using smartphones like BlackBerry, Droid and other mobile devices with Internet capability. This is an expansion of what the company ... [Read More]

Experian Reviews Auto Loan Trends, Including Top Lenders by Different Categories

Thursday, Mar. 4, 2010, 12:00 AM
Nick Zulovich
ORLANDO, Fla. — Due in large part to the troubled capital markets, Experian Automotive reported that captives lost a relatively large share of outstanding loan balances in the third quarter of last year, compared with the third quarter of 2008. In ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

The ART of AI: A Dealership Guide to Deploying AI With Confidence

AI is rapidly reshaping dealership operations, yet most stores are still in early experimentation mode. According to the Cox Automotive...
Read More

Turn Battery Risk Into Trust: Your Edge in the Used EV Market

Independent battery health certification is the new gold standard for used EV dealerships. The latest AVILOO detect Magazine reveals how...
Read More

How GMs Start Their Day with Mastermind & Make More Deals

Successful General Managers know that how you start the day sets the tone for dealership performance. This checklist outlines the...
Read More

Rising Repos, Shrinking Margins: A Guide to Reduce Collections and Servicing Costs with AI Agents

As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
Read More

Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)

Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
Read More

Free Guide: How Smart Dealers Can Profit from Customer Car Insurance

Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
Read More

Go In-House With Your Photos

Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
Read More

The Auto Dealer’s Complete Checklist for Evaluating AI

The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
Read More

Westlake Financial Gains New Credit Facility to Add Sales Reps, Further Assist Dealers

Thursday, Mar. 4, 2010, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced this week that it now has a new revolving securitization from Wells Fargo Preferred Capital. The facility, which will be funded through a Westlake subsidiary, Westlake Funding III, is for $100 million and will ... [Read More]

TransUnion: 4Q National Auto Loan Delinquency Rate Flat

Tuesday, Mar. 2, 2010, 12:00 AM
Nick Zulovich
CHICAGO — In a positive turn for auto lenders, TransUnion's quarterly analysis determined that the latest reading on the national 60-day auto delinquency rate — which is the ratio of loan borrowers 60 or more days past due — showed no change between ... [Read More]

ABI Notes Continuing Rise in Consumer Bankruptcies

Tuesday, Mar. 2, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute determined Tuesday that 111,693 consumer bankruptcies were filed in February, according to data the firm reviewed from the National Bankruptcy Research Center. Institute officials calculated that last month's total represented a 14-percent increase nationwide ... [Read More]

GMAC Completes Sale of Insurance Business

Tuesday, Mar. 2, 2010, 12:00 AM
Nick Zulovich
DETROIT — GMAC Financial Services announced Monday that it has completed the sale of its U.S. consumer property and casualty insurance business. The company noted that its dealer-related insurance business, which includes extended service contracts and insurance for dealer inventories, has ... [Read More]

AmeriCredit Increases and Extends Warehouse Credit Facility

Tuesday, Mar. 2, 2010, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit Corp. announced Monday that it has expanded and extended its warehouse credit facility. The borrowing capacity available under the facility has now increased to $1.3 billion from $1 billion. AmeriCredit said the facility includes commitments from ... [Read More]

DBRS Assigns Ratings for Chrysler Financial, Ford Credit Trusts

Thursday, Feb. 25, 2010, 12:00 AM
Nick Zulovich
NEW YORK — This week, DBRS revealed ratings associated with Chrysler Financial and Ford Credit. According to DBRS, the assigned provisional ratings to the following classes issued by Chrysler Financial Lease Trust Series 2010-A are: —Series 2010-A Notes, Class A-1 rated ... [Read More]

Wachovia Dealer Services to Become Wells Fargo Dealer Services

Thursday, Feb. 25, 2010, 12:00 AM
Nick Zulovich
SAN FRANCISCO — Wachovia Dealer Services is changing its name to Wells Fargo Dealer Services on March 20, a company spokesperson told SubPrime Auto Finance News on Wednesday. "New name, same great relationship with our dealers. Our dealers can continue to ... [Read More]

DealerTrack Discusses 4Q, Full-Year Performance, 2010 Outlook

Thursday, Feb. 25, 2010, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack executives remained upbeat about their company's financial standing despite some year-over-year softening in revenue and income. When discussing fourth quarter data, DealerTrack indicated that revenue to close 2009 came in at $53.2 million as compared to ... [Read More]
X