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

More Consumers Seek Bankruptcy Protection

Nick Zulovich
ALEXANDRIA, Va. — Struggling with high gas prices and the soaring cost of staples, many consumers are treading quickly to keep their heads above the water. These factors and more added to the recent downfall in the subprime mortgage sector ... [Read More]

What BHPH Operators Should Learn from Subprime Mortgage Crisis

Nick Zulovich
HOUSTON — Over the last 30 days I have been asked numerous times if the subprime mortgage meltdown will extend to subprime auto loans. A few months ago, I wrote an article called, "When Underwriters Become Undertakers." In retrospect, my ... [Read More]

First Data Now Offers Notify Solutions for the Auto Finance Industry

Nick Zulovich
DENVER — First Data Corp. recently announced that First Data Solutions, its information and analytics unit, is making its Notify Solutions product available to all First Data Solutions clients. According to officials, Notify Solutions provides timely bankruptcy and deceased notifications ... [Read More]

AmeriCredit Continues $500 Million Repurchase Facility

Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced it has extended its $500 million repurchase facility structured by Barclays Capital. The company said it uses this facility to finance the repurchase of receivables from securitization transactions that have reached the 10-percent clean-up ... [Read More]

NAF Association: Non-Prime Delinquencies Grow

Nick Zulovich
HANOVER, Md. — After questioning a record 28 finance companies on their portfolios and practices, the National Auto Finance Association discovered that almost 75 percent of non-prime originations fell into the credit range of 500 to 679 last year. More ... [Read More]

NADAguides.com, Carloan.com Team Up for Vehicle Financing

Nick Zulovich
COSTA MESA, Calif. — Late Wednesday, NADAguides.com announced it struck an exclusive financing partnership with Carloan.com. Carloan.com covers the entire credit spectrum from prime to subprime. With this service, new- and used-car buyers now have the ability to secure a ... [Read More]

NLEX Adds New Executive

Nick Zulovich
CARLSBAD, Calif. — National Loan Exchange recently announced the addition of Paul Banninger to its staff. Banninger will serve in the role of vice president of sales. Officials said he brings 30 years mortgage lending and real estate collection experience to ... [Read More]

Leedom Announces Topics, Speakers for BHPH Conference

Nick Zulovich
SARASOTA, Fla. — Leedom and Associates recently announced its keynote speakers and topics for the 12th Annual National Special Finance and Buy-Here, Pay-Here Conference, which will be held Oct. 7 to 9 at Caesars Palace in Las Vegas. At this year's ... [Read More]

Flex Fund Boasts More than 300 Wholesale, Salvage Auction Partners After First Year of Business

Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services has recently signed operating agreements for inventory financing with 10 new independent auctions. The additional agreements bring the company's total signed auctions to 310, including about 150 whole-car and 160 salvage auctions, ... [Read More]

RouteOne Partners with Fireside Bank

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced that California-based Fireside Bank has integrated into its platform. Fireside is a non-prime and subprime finance source. Moreover, Fireside Bank is an FDIC insured and regulated industrial bank with a core business of purchasing ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X