Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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
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

FTC’s Delay of Red Flag Enforcement Does Not Apply to Many Dealers

Nick Zulovich
WASHINGTON, D.C. — Last month, the Federal Trade Commission announced a delay in its enforcement of the Red Flags Rules until May of next year. So, does this mean dealers have more time to prepare? In many cases, it does not. ... [Read More]

GMAC’s Auto Finance Unit Reports $294 Million 3Q Loss

Nick Zulovich
NEW YORK — Reporting its preliminary third-quarter results, GMAC Financial Services indicated that its auto finance division experienced pressure from lower used-vehicle prices, in addition to weaker consumer and dealer credit performance, which contributed to a loss for the period. Overall, ... [Read More]

For First Time Since New Bankruptcy Law Monthly Filings Top 100,000

Nick Zulovich
ALEXANDRIA, Va. — Overall, U.S. consumer bankruptcy filings jumped 40 percent throughout the nation in October, compared to the same period a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center. More ... [Read More]

Nicholas Financial Struggles Through These Difficult Times

Nick Zulovich
CLEARWATER, Fla. — Like many other portfolio purchasers and servicers during the current economic and credit environment, Nicholas Financial reported that it had a difficult second quarter, with its chief executive officer saying he doesn't expect to witness improvement soon. Overall, ... [Read More]

CBA Automobile Finance Conference Unveils Keynote Speaker, Details

Nick Zulovich
ARLINGTON, Va. — The Consumer Bankers Association announced the keynote speaker for its 29th Premier Automobile Finance Conference & Tradeshow in addition to several other event details. Delivering the keynote address will be Mike Jackson, the chairman and chief executive officer ... [Read More]

RouteOne Introduces New Red Flags Compliance, Fraud-Prevention Solution

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne has launched a new tool, powered by TransUnion, that can help dealers comply with the Federal Trade Commission's Red Flags Rule and also protect themselves from fraud. As most know, enforcement of the Red Flags Rule, ... [Read More]

GDNAuto Expands Loan Portfolio Offers

Nick Zulovich
LOS ANGELES and ALAMO, Calif. — Global Debt Network Automotive told SubPrime Auto Finance News recently that it has added two new loan portfolios for purchase on GDNAuto.com. Among these are a $24 million from a finance company in Michigan and a $21,000 subprime ... [Read More]

Crossbow Group Launches Payment Assurance Tool

Nick Zulovich
IRVINE, Calif. — The Crossbow Group, Inc., recently introduced a new single-source clearinghouse solution for payment assurance systems that is specifically designed for the auto retail and finance industries. Basically, the ReCaP Solution can help lenders boost sales and ensure ... [Read More]

CEO Talks about Goals for Daimler Financial During Official Launch of Ops Center

Nick Zulovich
FORT WORTH, Texas — Daimler Financial Services Americas officially launched its new, cutting-edge, 164,000-square-foot operations center this week, which employs 550 people and has the capacity for 800. During an outdoor celebration that included all Texas employees, U.S. Congresswoman Kay Granger, ... [Read More]

Completion of Whole-Loan Sale Hurts 3Q Results for CPS

Nick Zulovich
IRVINE, Calif. — In reporting its third quarter results, Consumer Portfolio Services announced a loss, indicating that the company took a hit from its whole-loan sale in September. Basically, officials explained that CPS incurred a loss on the transaction as the ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X