Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Allied Solutions explains why origination is episodic, but servicing is continuous
John Elias, sales specialist in auto finance business development for Allied Solutions, is back as the guest for another sponsored episode of the Auto Remarketing Podcast. Elias explains why current market conditions, affordability pressures and changing vehicle values are combining ... Listen Here
Additional insight into FTC’s move involving disparate impact from Hudson Cook
The Federal Trade Commission recently announced it will not pursue claims based on disparate-impact or “unfair discrimination” theories. In this episode of the Auto Remarketing Podcast, Hudson Cook partners Erica Kramer and Rob Tilley offered some historical perspectives and a ... Listen Here
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here

Credit Acceptance promotes long-time exec to CFO

executive boardroom
SubPrime Auto Finance News Staff
On Thursday, Credit Acceptance announced the promotion of Jay Martin to chief financial officer, a move that had become effective two days earlier. Martin joined Credit Acceptance in 2003, serving in a variety of “increasingly challenging” roles throughout his tenure. ... [Read More]

Santander study reinforces value of vehicle access

SubPrime Auto Finance News Staff
Santander Holdings USA recently announced findings from a new survey that shows middle-income American consumers were feeling optimistic in the fourth quarter, with 70% of respondents believing they are on the right track toward achieving financial prosperity and 80% believing ... [Read More]

SAFCO adds Colombian finance company as strategic partner

handshake_28
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) is adding some international support to its operation that focuses on the subprime auto finance market. Last week, SAFCO announced that Colombia-based Finanzauto has acquired a minority equity stake in the company. SAFCO said this ... [Read More]

Surveys: Optimism improving, but inflation & recession concerns remain

SubPrime Auto Finance News Staff
With nearly a month of 2024 already in the books, experts are still trying to ascertain what might be ahead this year. While consumer sentiment is improving, top executives and finance companies still remain a bit guarded, especially when a ... [Read More]

DriveSmart Warranty gives trip to Daytona to winners of online racing campaign

award winner
SubPrime Auto Finance News Staff
DriveSmart Warranty waved the checkered flag and online race winners will be going all the way to Daytona. On Friday, the administrator of vehicle protection services announced contestant Tucker Minter and streamer Casey Kirwan were the grand prize winners of ... [Read More]

Credit availability closes 2023 on notable slide

SubPrime Auto Finance News Staff
Evidently finance companies weren’t in much of a giving mood this holiday season since credit availability deteriorated in December, according to the Dealertrack Auto Credit Availability Index. Cox Automotive reported that index declined in November and dropped another 0.9% to ... [Read More]

New FTC rule delayed by dealer activity in federal appeals court

SubPrime Auto Finance News Staff
Dealers will get their time in court. Late on Thursday, the Federal Trade Commission issued an order postponing the effective date of the Combating Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending from the ... [Read More]

COMMENTARY: Why lenders should leverage the power of multi-channel digital communications

Solutions by Text secures $110M led by Edison & StepStone
Andres Huertas, Conecta Marketing Group
Digital marketing of lending products is an area that not only has bigger regulatory compliance — CFPB, FCC, states, you name it — but also bigger scrutiny from companies like Google and Facebook. (They even have a unique set of ... [Read More]

USED CAR WEEK 2023 PODCAST: Boosting repo percentages via compliance

Podcast
SubPrime Auto Finance News Staff
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a presentation and discussion with Holly Balogh and Stamatis Ferarolis of RISC titled, “Improve Repossession Percentages ... [Read More]

Nowlake partners with Salient to use generative AI

SubPrime Auto Finance News Staff
Nowlake, the fintech division of Westlake Technology Holdings and underpinning for the finance company, finalized a partnership this week with Salient to bring generative artificial intelligence to its customer offerings. An expert in voice technology, Salient said its solution was ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X