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New York Fed puts 7M auto delinquencies in context

Wednesday, February 13, 2019 - 11:28am

SubPrime Auto Finance News Staff

A quartet of analysts took a deep look at the auto finance data after the Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report... Read More

Prospects for 2019 tax season: ‘I don’t think we really know’

Tuesday, February 12, 2019 - 10:26am

Nick Zulovich, Senior Editor

Whether it’s during company conference calls or coffee-shop chatter, many individuals with an interest in auto financing are keeping a close watch on this tax... Read More

ARA partners with Advantage GPS to help repo agents

Wednesday, February 13, 2019 - 11:30am

SubPrime Auto Finance News Staff

With the auto finance default rate in December rising above 1 percent and new data showing more than 7 million people with a contract 90 days or more delinquent, it might be... Read More

Webb: Despite Subprime Mortgage Downturn, Subprime Auto Finance Market Looks Strong

Wednesday, April 25, 2007 - 8:00pm

Wednesday, April 25, 2007 - 8:00pm

ATLANTA — In a recent conference call, Tom Webb, Manheim's chief economist, discussed the bottom dropping out of the subprime mortgage market, saying there will be no similar trend occurring in the subprime auto lending market. "Let's face it, a lot of the subprime mortgages were what we'd... Read More

ADI Expands Fleet for In-House Dealership Workshops

Wednesday, April 18, 2007 - 8:00pm

Wednesday, April 18, 2007 - 8:00pm

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has expanded its fleet of vehicles used to provide in-house dealership consultations throughout the country. These fully contained Ford step vans can be dispatched to dealerships in major metropolitan areas throughout the nation so ADI... Read More

Poi Joins AmeriCredit to Assist It in Going Full-Spectrum

Wednesday, April 18, 2007 - 8:00pm

Wednesday, April 18, 2007 - 8:00pm

FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure of helping AmeriCredit go full-spectrum was just too... Read More

BHPH Dealers Ready to Descend on Vegas in Record Numbers

Wednesday, April 18, 2007 - 8:00pm

Wednesday, April 18, 2007 - 8:00pm

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the history of the industry," announced Ken Shilson, founder of the NABD and... Read More

CUDL: Credit Unions Held 18% of '06 Auto Loans

Wednesday, April 18, 2007 - 8:00pm

Wednesday, April 18, 2007 - 8:00pm

RANCHO CUCAMONGA, Calif. — Although down from a record 19.3 percent in 2005, credit unions maintained a strong market share in 2006, originating 18 percent of auto loans, according to CU Direct Corp.'s inaugural Auto Lending Business Intelligence Report. According to CUDL, credit union members have the... Read More

Wells Fargo Auto Finance Turns 60

Wednesday, April 11, 2007 - 8:00pm

Wednesday, April 11, 2007 - 8:00pm

CHESTER, Pa. — Wells Fargo & Co. is marking two special milestones in 2007. Wells Fargo & Co. is turning 155, and this month Wells Fargo Auto Finance celebrates 60 years of providing auto financing. "Being in business for 60 years exemplifies the strength and stability of the Wells Fargo brand and its... Read More

Spanish Lead Services Launches Creditodeauto.com

Wednesday, April 11, 2007 - 8:00pm

Wednesday, April 11, 2007 - 8:00pm

LOS ANGELES — Spanish Lead Services recently launched Creditodeauto.com to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas this past February,"... Read More

To Attract Subprime Buyers to Dealers, CarsDirect.com Launches Used Car Channel

Wednesday, April 11, 2007 - 8:00pm

Wednesday, April 11, 2007 - 8:00pm

LOS ANGELES — CarsDirect.com's newly redesigned Used Car Channel is an ideal avenue for subprime dealerships and other independent dealers to retail their older inventory, according to Josh Evans, vice president of dealer relations. After nine months in development, officials unveiled several modifications... Read More

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