As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Open Lending broadens program to older vehicles
Monday, Feb. 13, 2023, 04:21 PM
SubPrime Auto Finance News Staff
Perhaps that older model included in the pitched paper from a dealership in your network now looks a little more appealing when viewed through the updated tool from Open Lending Corp. Last week, the enablement and risk analytics solutions provider ... [Read More]
IAA Loan Payoff tops $3B in transactions in 2022
Monday, Feb. 13, 2023, 04:18 PM
SubPrime Auto Finance News Staff
IAA reached another milestone, as the company announced IAA Loan Payoff exceeded $3 billion in total loss transactions in 2022. IAA highlighted this exponential growth follows the tool’s 2021 record of $1.2 billion in installment contracts and leases processed, bringing ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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PODCAST: Federal- and state-level government update with AFSA
Thursday, Feb. 9, 2023, 08:40 PM
SubPrime Auto Finance News Staff
Two of the senior vice presidents from the American Financial Services Association took time during their orchestration of the 2023 Vehicle Finance Conference in Dallas for this episode of the Auto Remarketing Podcast. Celia Winslow and Danielle Fagre Arlowe discussed ... [Read More]
Latest TransUnion study examines new-to-credit consumers
Thursday, Feb. 9, 2023, 04:14 PM
SubPrime Auto Finance News Staff
Perhaps those new-to-credit consumers — individuals early in their credit journeys — might be some of the best applicants to land in your finance company’s underwriting department. The main finding from a newly released TransUnion global study showed new-to-credit consumers ... [Read More]
CBA responds to Biden’s characterizations of ‘junk fees’
Wednesday, Feb. 8, 2023, 04:43 PM
SubPrime Auto Finance News Staff
Consumer Bankers Association president and CEO Lindsey Johnson offered a pointed response to a specific part of President Joe Biden’s State of the Union address given on Tuesday night. It all had to do with what Biden referred to as ... [Read More]
PODCAST: Migration & repossession discussion with Jeremiah Wheeler of DRN and MVTRAC
Wednesday, Feb. 8, 2023, 04:25 PM
SubPrime Auto Finance News Staff
The very first and most frequent guest on the Auto Remarketing Podcast appeared again during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association in Dallas. Jeremiah Wheeler, president of DRN and MVTRAC, offered an update about ... [Read More]
2 more auto settlements with Massachusetts AG approach $8M
Tuesday, Feb. 7, 2023, 03:49 PM
SubPrime Auto Finance News Staff
It might be a different elected official serving as the attorney general in Massachusetts, but the top member of the commonwealth’s law enforcement establishment took two swift actions in the automotive space within the space of four days last week. ... [Read More]
Hackett moves from advisor to board of directors at F&I Sentinel
Monday, Feb. 6, 2023, 03:17 PM
SubPrime Auto Finance News Staff
Rick Hackett said F&I Sentinel is “doing all the right things,” so the former Hudson Cook partner and assistant director of Consumer Financial Protection Bureau (CFPB) decided to move from an advisor to a member of the compliance service provider’s ... [Read More]
PODCAST: Quality Acceptance CEO Ofer Alon on current state of subprime & more
Monday, Feb. 6, 2023, 03:13 PM
SubPrime Auto Finance News Staff
Among the episodes of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association, this one features Quality Acceptance CEO Ofer Alon. The head of the Van Nuys, Calif.-based finance company and ... [Read More]
Newest TransUnion auto finance data shows trend not seen in almost 10 years
Friday, Feb. 3, 2023, 03:03 PM
SubPrime Auto Finance News Staff
The auto portion of TransUnion’s Q4 2022 Quarterly Credit Industry Insights Report (CIIR) included a metric that dipped to its lowest reading in nearly a decade. Viewed one quarter in arrears to account for reporting lag, TransUnion reported this week ... [Read More]
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