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

CPS Receives Deficiency Notice from NASDAQ

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services revealed this week that the company received a NASDAQ staff deficiency letter. The letter's purpose was to inform CPS it has failed to comply with the minimum bid price of $1 as required by Rule 5450(a)(1). ... [Read More]

Experian: We’re Seeing a Turnaround in Auto Loan Delinquencies

Nick Zulovich
SCHAUMBURG, Ill. — Enthusiasm from Experian Automotive's Melinda Zabritski picked up considerably during her recent Webinar when it was time to discuss the second-quarter amount of vehicle loans with a 30-day or 60-day delinquencies. "This is very good news that we're ... [Read More]

Fitch Expects Auto Loan ABS Delinquencies & Losses to Climb Through 3Q

Nick Zulovich
NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said is "typical" for this time of year. While delinquencies and losses hit their lowest level in three ... [Read More]

TransUnion Sees 20-Percent Decline in Auto Delinquency Rates, but Predicts Upswing Ahead

Nick Zulovich
CHICAGO — The national 60-day auto delinquency rate dropped by almost 20 percent from the first to second quarter to 0.53 percent, TransUnion reported this week. The year-over-year delinquency rate at the national level declined by 27.4 percent in the second ... [Read More]

ABI: Bankruptcy Filings Continue to Soar with Older Americans Now Filing More Often

Nick Zulovich
ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by ... [Read More]

Experian to Review First Half of 2010 During Today’s Webinar

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to ... [Read More]

Leedom Group CEO Spearheads BHPH Dealer Advisory Council Formation

Nick Zulovich
SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]

Bank of America Grows Direct-to-Consumer Loans with VINtek’s Help

Nick Zulovich
PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America ... [Read More]

New OneCommand Tool Aims to Find Customers with Built Up Equity to Drive Sales

Nick Zulovich
CINCINNATI — OneCommand recently rolled out a new tool it's calling Equity Scoring, a product designed to help dealerships identify the current equity position of both finance and cash customers. Geared to reach potential buyers most likely to be ready and ... [Read More]

Car-Mart CEO: Our Growth Will Continue Thanks in Large Part to Repeat Customers

Nick Zulovich
BENTONVILLE, Ark. — William "Hank" Henderson, America's Car-Mart president and chief executive officer, said late last week  that management is continuing its growth strategy and credits repeat customers as a large factor in the company's solid financial performance. Henderson indicated that ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X