Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Reaction Mixed to Treasury’s TALF Program

Nick Zulovich
NEW YORK — According to U.S. Structured Finance, initial market reaction to the U.S. Treasury's recently introduced TALF program is mixed. Basically, one of the goals of this new program is to make auto loans more available for consumers. "While some ... [Read More]

Subprime Credit Loss Analysis Can Show You the Money

Nick Zulovich
HOUSTON — During the last year the credit markets have tightened significantly for the subprime industry. This contraction of capital threatens the ability of many buy-here, pay-here dealers to continue in business. Without capital, BHPH dealers can't grow or even replace ... [Read More]

Major Lender Halts Auto Financing in Canada

Nick Zulovich
SAN FRANCISCO — Wells Fargo Auto Finance has decided to pull out of the Canadian auto finance industry, effective immediately, SubPrime Auto Finance News' sister e-publication, Auto Remarketing Canada recently discovered. "Wells Fargo Auto Finance announced to dealers on Nov. 12 that, ... [Read More]

AmeriCredit Announces $500 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — On Monday, AmeriCredit Corp. announced the pricing of a $500 million offering of automobile receivables-backed securities under the AmeriCredit Automobile Receivables Trust platform, which primarily includes subprime auto loan contracts. The lead managers on the transaction are ... [Read More]

MAFS, CUDL Expand Partnership to Offer Additional Financing Sources for Dealers

Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL, which administers the nation's largest point-of-sale and indirect lending network for credit unions, along with Manheim Financial Services, announced the further roll-out of the MAFS Advantage program this week. Through the partnership between CUDL and MAFS, the ... [Read More]

RouteOne Expands Red Flags Assistance for Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it has formed an alliance with Colorado-based Triple Protection Auto Care to provide dealers an extensive Red Flags compliance and information security program. Tri-PAC's services complement RouteOne's Identify Verification and Authentication tool, powered by ... [Read More]

VINtek Opens Backup Facility

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance lenders, announced that it has opened a backup facility at the SunGard Availability Services location in Wood Dale, ... [Read More]

Four Top Auto Finance Execs to Discuss State of Lending

Nick Zulovich
WASHINGTON, D.C. — In a conference themed "Recharging Our Industry," top executives from four major vehicle finance companies will examine financing during turbulent times in a panel discussion during the American Financial Services Association's 13th Annual Vehicle Finance Conference and Exposition, ... [Read More]

GMAC Submits Application to Become Bank Holding Company

Nick Zulovich
NEW YORK — GMAC Financial Services announced early this morning that it has submitted an application to the U.S. Federal Reserve Board of Governors for approval to become a bank holding company under the Bank Holding Company Act of 1956, as ... [Read More]

Wolters Kluwer Cautions Industry about 2009 Regulatory Landscape

Nick Zulovich
MINNEAPOLIS — As U.S. financial organizations and dealers plot their course for 2009, many are waiting to see how the federal government will handle the current financial crisis under a new presidential administration. Successful organizations will be those that are not only ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X