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Experian Q3 financing data reinforces appeal of used

Thursday, December 5, 2019 - 10:27am

SubPrime Auto Finance News Staff

Reinforcing the appeal of used models highlighted in a recent Ally Financial survey, Experian’s latest data showed used vehicles are commanding a larger share of the... Read More

APR for new models drops to lowest level in 21 months as used metric stays steady

Wednesday, December 4, 2019 - 12:08pm

SubPrime Auto Finance News Staff

At least from an interest-rate perspective, new vehicles looked a bit more attractive to buyers in November, even though retail prices for those models continued to... Read More

PODCAST: Allied Solutions’ outlook on recoveries & more

Wednesday, December 4, 2019 - 12:13pm

SubPrime Auto Finance News Staff

As part of our collection of podcasts originating from Used Car Week 2019, Nick Zulovich caught up with Anne Holtzman and Suzi Straffon from Allied Solutions. The... Read More

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

Monday, August 13, 2007 - 8:00pm

Monday, August 13, 2007 - 8:00pm

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, respectively, officials noted.... Read More

DealerTrack: 2Q Transactions Hit 23.5 Million

Wednesday, August 8, 2007 - 8:00pm

Wednesday, August 8, 2007 - 8:00pm

LAKE SUCCESS, N.Y. — DealerTrack announced that GAAP net income for the quarter came in at $6.3 million, up 35 percent from $4.7 million for the second quarter of last year. Additionally, revenue for the quarter was $58.5 million, up 35 percent from $43.4 million in the same period of... Read More

Auto Affordability Index Down

Wednesday, August 8, 2007 - 8:00pm

Wednesday, August 8, 2007 - 8:00pm

DETROIT — According to the Auto Affordability Index compiled by Comerica Bank, an average-priced new vehicle took 24.6 weeks of median family income in the second quarter of this year. Officials indicated the latest reading is down just slightly, 0.1 week, from the first quarter. Moreover, the index was down 1.1... Read More

NAF Association Releases Annual Study Results

Wednesday, August 8, 2007 - 8:00pm

Wednesday, August 8, 2007 - 8:00pm

Hanover, Md. — The National Automotive Finance Association announced that it has published its 2007 Non-Prime Automotive Financing Survey. One of the key findings is that delinquencies, both in dollars and number of accounts, have increased since last year. The 2007 survey reports slight increases in portfolio... Read More

AmeriCredit's CEO Tackles Industry Concerns

Wednesday, August 8, 2007 - 8:00pm

Wednesday, August 8, 2007 - 8:00pm

FORT WORTH, Texas — Addressing the unstable credit market and liquidity concerns by many in the industry who are keeping a particularly watchful eye on subprime companies, AmeriCredit's president and chief executive officer reassured analysts that his company has no fears. In fact, Dan Berce said... Read More

ABA Encourages Bankers to Help Teens Learn Credit Lessons

Monday, August 6, 2007 - 8:00pm

Monday, August 6, 2007 - 8:00pm

WASHINGTON, D.C. — The American Bankers Association is encouraging bankers to participate in the fifth annual Get Smart About Credit Day, which brings banking professionals into schools to help teens learn valuable credit lessons. The event will be held Oct. 18 throughout the country. Julie Cripe, chairman of the... Read More

NAF Association, NADC to Host Workshops

Monday, August 6, 2007 - 8:00pm

Monday, August 6, 2007 - 8:00pm

HANOVER, Md. — The National Automotive Finance Association and the National Association of Dealer Counsel announced they will hold educational sessions in September and October. The NAF Association will present a half-day workshop Sept. 23 at the Millennium Hotel in St. Louis. The event will be held in conjunction... Read More

J.D Byrider Launches Site to Dispel Misconceptions about Business

Monday, August 6, 2007 - 8:00pm

Monday, August 6, 2007 - 8:00pm

CARMEL, Ind. — In an effort to correct misconceptions about its business, J.D. Byrider announced it has launched a new Web site at JDBFacts.com. "We see a parallel between us and Blockbuster," explained Steve Wedding, president of Byrider franchising. "When Blockbuster burst into video rentals, the... Read More

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