Dealerships and auto finance companies already were not completing many deliveries and installment contracts for new vehicles with consumers who fell into the subprime and deep subprime credit tiers. Now following the significant jump in interest rates, Cox Automotive pinpointed ... [Read More]

Last week, Open Lending Corp. released the results of a case study that shows how Sound Credit Union grew its direct and indirect automotive finance volume and yield with Lenders Protection. Officials said Sound Credit Union implemented Lenders Protection in ... [Read More]

KBRA announced multiple personnel moves on Monday. The ratings agency and observer of the securitizations market for automotive and other industry segments said Rosemary Kelley has been named head of structured finance business development. In this newly created role, the ... [Read More]

The Federal Trade Commission (FTC) wants a larger operating budget and more personnel, and chair Lina Khan made her case last week during a hearing hosted by the Subcommittee on Financial Services and General Government that’s part of U.S. House ... [Read More]

From buying cars to happy hour drinks, inflation, interest rates and a turbulent economy are continuing to leave negative ramifications. And the Federal Reserve just pushed interest rates up another 25 basis points on Wednesday. “All bets are off if ... [Read More]

Todd Case shared some prudent advice during this episode of the Auto Remarketing Podcast about being aware of your surroundings that can help not only fellow repossession agents during assignments, but anyone who leaves home. Case spent more than a ... [Read More]

Comerica Bank pointed out that first-quarter consumer spending — which accounts for two-thirds of the U.S. economy — generated its most robust gain since the second quarter of 2021. However, more than three in 10 consumers are experiencing credit insecurity, ... [Read More]

Cox Automotive chief economist Jonathan Smoke is not only passionate about the financials that make the automotive industry and the economy function. He’s also passionate about music; so much so that he’s a DJ on the side. On Friday, Smoke ... [Read More]

Perhaps cyclical improvements in auto finance defaults during the springtime are making a notable return. According to data through March for the S&P/Experian Consumer Credit Default Indices, S&P Dow Jones Indices and Experian reported the auto default rate dropped 7 ... [Read More]

Open Lending Corp. recently released initial findings from a survey polling 95 leaders at credit unions, banks and captive finance companies of all sizes in an effort to illuminate the challenges financial institutions are facing in 2023 and how they ... [Read More]