Wednesday, December 5, 2018 - 2:17pm

SubPrime Auto Finance News Staff

KAR Auction Services announced two major purchases in November. In this conversation at Used Car Week, we talk with three folks involved in the first of those two: KAR's purchase of Clearplan, which was announced on Nov. 12.  Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders... Read More

Wednesday, December 5, 2018 - 12:24pm

Mike Levison, ALS Resolvion

The relentless drive to reduce repossession related costs while, at the same time meeting the demands/expectations of regulators, may be catching up with us. As one of the largest repossession management firms, we stay very close to the dynamics of the marketplace and we have become concerned about the current situation... Read More

Wednesday, December 5, 2018 - 11:05am

SubPrime Auto Finance News Staff

At a typical dealership, the finance office might only be a few paces from the service drive. But if stores large and small want to improve their performances in 2019 and beyond, EFG Companies emphasized that personnel in both dealership departments must be aligned shoulder to shoulder and proceed in lockstep to generate... Read More

Wednesday, December 5, 2018 - 11:03am

SubPrime Auto Finance News Staff

This week, F&I Express announced that it has added Zurich North America’s F&I products to its platform of digital solutions. The company highlighted the move can provide dealerships across the country with broader technology and innovation options for accessing Zurich’s menu of insurance... Read More

Tuesday, December 4, 2018 - 11:38am

SubPrime Auto Finance News Staff

With less than a month remaining in the calendar year, tax matters are top of mind at the National Automobile Dealers Association. NADA recapped that the IRS recently proposed a rule on the additional first year depreciation deduction provision that was included in the Tax Cuts and Jobs Act of 2017 (TCJA). In responsive... Read More

Monday, December 3, 2018 - 10:35am

SubPrime Auto Finance News Staff

The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500. That’s according to the latest auto finance data from Edmunds, as part of an analysis that mostly focused on the new-car side but also included... Read More

Friday, November 30, 2018 - 10:45am

SubPrime Auto Finance News Staff

The process for establishing Kathleen Kraninger as the next director of the Consumer Financial Protection Bureau took another sharply, politically divided step forward on Thursday as the Senate barely approved invoking cloture to end debate about her nomination. Composition of the 50-49 tally included Republicans... Read More

Friday, November 30, 2018 - 10:40am

SubPrime Auto Finance News Staff

Two companies are collaborating for enhanced subprime underwriting at a lower cost. This week, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime originations, announced a strategic integration partnership with VinAudit.com aimed at reducing costs incurred by subprime finance companies for vehicle... Read More