SubPrime Auto Finance News Staff

Six months since Hurricane Harvey battered the Lone Star State, Federal Emergency Management Agency (FEMA) said Texans in coastal towns, urban areas and rural counties continue to move forward with their unprecedented recovery. And CRIF Select highlighted how it’s been involved with that process for Texas Dow... Read More

As composite rate climbs, January auto defaults dip

SubPrime Auto Finance News Staff

The composite reading of the S&P/Experian Consumer Credit Default Indices rose again in January, representing the sixth uptick of the past seven months. But it was the auto finance component of the overall index that propelled the continued upward drift. According to data released this week by S&P Dow Jones... Read More

SubPrime Auto Finance News Staff

While some auto finance companies are backing off their originations in the subprime space as TransUnion articulated earlier this week, Black Book is arming managers and underwriting departments with new analysis for institutions still looking to add paper developing in lower credit tiers. Black Book announced late on... Read More

SubPrime Auto Finance News Staff

Both LAUNCHER.SOLUTIONS and F&I Express each enhanced their offerings for dealerships and finance companies by adding more industry partners. LAUNCHER.SOLUTIONS, a technology provider specializing in subprime auto finance originations, recently announced that it has added Kelley Blue Book to its list of data... Read More

SubPrime Auto Finance News Staff

This week, both General Motors Financial and Nicholas Financial disclosed changes regarding the executives serving as chief financial officers. While Nicholas Financial also highlighted how its plans to enhance originations, a filing with the Securities and Exchange Commission showed GM Financial reported that Chris... Read More

Nick Zulovich, Senior Editor

Brian Landau, senior vice president and automotive business leader at TransUnion, needed just one descriptive moniker to summarize the auto finance data from the fourth quarter — a correction. The auto finance portion of TransUnion’s Q4 2017 Industry Insights Report released on Tuesday showed that while auto... Read More

SubPrime Auto Finance News Staff

This past week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee, one of which could have a significant impact on auto financing. Lawmakers highlighted that H.R. 3299 — the Protecting Consumers’ Access to Credit Act of 2017 — clarifies current law... Read More

SubPrime Auto Finance News Staff

Consumers taking delivery of financed vehicles in places like Texas appear to be spending more for their units than in places like California, according to the latest analysis from personal finance website WalletHub. Contained in the first-quarter installment of its Auto Financing Report, WalletHub determined this... Read More