Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

DBRS Produces Final Rating Methodology

Nick Zulovich
NEW YORK — DBRS has published its final rating methodology for U.S. wholesale auto loan asset-backed transactions. The company indicated its final methodology does not have any substantive changes from the proposed wholesale loan methodology, which was published on Oct. 21 ... [Read More]

Fitch: Domestic Suppliers’ Credit Quality to Improve in 2010; Europe to Struggle

Nick Zulovich
NEW YORK — In its analysis of how 2010 is likely to unfold, Fitch Ratings suggested that credit quality for domestic vehicle suppliers should improve. Fitch also suggested in its analysis that global auto sales likely bottomed out last year, but noted that the ... [Read More]

AWARE Updates Educational Quiz on Auto Financing

Nick Zulovich
WASHINGTON, D.C. — An organizing body of lenders, Americans Well-informed on Auto Retailing Economics (AWARE), has released an updated version of its consumer education product. The latest edition of the Auto Financing Tune-Up Quiz is meant to cover many topics, such as where ... [Read More]

Auto Affordability Shows 4Q Drop in Post-CARS Market

Nick Zulovich
DALLAS — Thanks largely to end of CARS, auto affordability took a significant hit in the fourth quarter of 2009, as it required 23 weeks of median family income to buy and finance an average-priced new vehicle, according to Comerica Bank's ... [Read More]

AmeriCredit Announces $600 Million Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — Late last week, AmeriCredit Corp. announced the pricing of a $600 million offering of automobile receivables-backed securities. This securitization is through lead managers Barclays Capital and Deutsche Bank Securities. Credit Suisse, UBS Investment Bank and Wells Fargo ... [Read More]

VINtek Posts Record Year for Revenue, Client Expansion

Nick Zulovich
PHILADELPHIA — VINtek enjoyed record growth during 2009 in numerous aspects of providing automotive collateral management and electronic lien and title services for lenders. As compared to last year's figures, company executives indicated that 2009 revenue jumped 67 percent and earnings ... [Read More]

Ford Credit Highlights Income Turnaround

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit revealed specifics of its 2009 revenue turnaround and how a nearly $3 billion improvement occurred. The company posted a net income total of $1.3 billion last year. It calculated into an improvement of $2.8 billion, ... [Read More]

GMAC Says Auto Service Business Made Strong 4Q Improvements

Nick Zulovich
NEW YORK — Positively impacted by gains in net financing revenue, GMAC reported Thursday that, based on preliminary results, its global automotive services business posted pre-tax income from continuing operations of $309 million during the fourth quarter, a significant upswing from the pre-tax loss ... [Read More]

Is BHPH Right for Franchise Dealers?

Nick Zulovich
HOUSTON — Franchise dealers enter 2010 with many of the same challenges they have faced for the last 24 months: 1) excess facilities, 2) slumping vehicle sales, 3) decreasing average credit scores of their customers, 4) tougher credit approvals from ... [Read More]

Today is Final Day to Submit Nominations for Top 75 Subprime Companies

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News announced this morning that today is the last day to submit nominations for the second annual listing of the top 75 subprime companies in the March/April edition. Please move quickly, as nominations will close ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X