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Friday, March 27, 2020 - 10:21am
Trace Ledbetter, State National Companies
Thursday, March 26, 2020 - 9:14am
SubPrime Auto Finance News Staff
Friday, March 27, 2020 - 9:40am
SubPrime Auto Finance News Staff
Wednesday, March 18, 2020 - 11:26am
Wednesday, March 18, 2020 - 11:26am
SubPrime Auto Finance News Staff
Similar to the latest reading on defaults, Experian’s Q4 2019 State of the Automotive Finance Market Report showed 60-day delinquencies finished the year in a stable place as the industry braces for potential jumps in these metrics stemming from the COVID-19 pandemic. Experian pegged the overall 60-day delinquency... Read More
Wednesday, March 18, 2020 - 11:25am
Wednesday, March 18, 2020 - 11:25am
SubPrime Auto Finance News Staff
Auto Search Technologies’ transition to becoming VehiclesNETWORK continued on Wednesday as 700 Credit gained certified provider status from VehiclesNETWORK for its consumer pre-qualification (QuickQualify) and full credit application (QuickApplication) platforms. Now dealers who use VehiclesNETWORK to build and... Read More
Tuesday, March 17, 2020 - 10:29am
Tuesday, March 17, 2020 - 10:29am
SubPrime Auto Finance News Staff
Here’s some encouraging news amid all of the economic turmoil caused by COVID-19. The auto segment of the S&P/Experian Consumer Credit Default Indices showed a significant decline in February. On Tuesday, Dow Jones Indices and Experian released their data through February and reported that auto defaults... Read More
Monday, March 16, 2020 - 2:10pm
Monday, March 16, 2020 - 2:10pm
SubPrime Auto Finance News Staff
The auto-finance industry and related service providers are taking an array of steps to handle the implications of COVID-19. Cherokee Media Group reached out to several firms to collect updates. If your company would like its announcement to be added to this news roundup, please send your material to... Read More
Monday, March 16, 2020 - 10:09am
Monday, March 16, 2020 - 10:09am
SubPrime Auto Finance News Staff
With circumstances changing so quickly, the Federal Reserve on Sunday afternoon cut interest rates to zero percent and announced it would purchase $700 billion in bonds and securities to help stabilize the financial system in light of COVID-19. Policymakers were on tap to meet later this week for its regularly scheduled... Read More
Friday, March 13, 2020 - 10:28am
Friday, March 13, 2020 - 10:28am
SubPrime Auto Finance News Staff
UPDATE: A recorded version of this webinar is now available. With dealerships and finance companies facing an array of unknown variables connected with increased risk associated with COVID-19, Ignite Consulting Partners is hosting a free webinar to help managers navigate these challenges. Ignite shared in a message... Read More
Friday, March 13, 2020 - 10:28am
Friday, March 13, 2020 - 10:28am
SubPrime Auto Finance News Staff
Add the North American Repossessors Summit (NARS) to this list of industry events being forced to modify its schedule due to the increased risk associated with COVID-19. The American Recovery Association sent a message late on Thursday, saying the organization will be postponing the ARA annual convention and NARS 2020.... Read More
Wednesday, March 11, 2020 - 4:01pm
Wednesday, March 11, 2020 - 4:01pm
Nick Zulovich, Senior Editor
Press releases arrive in the inboxes of us here at Cherokee Media Group throughout each business day. Most times, comments from executives contained in these releases focus on flowery language about the company’s newest product or executive. However, the opening quote from the top executive at Portfolio Holding... Read More