Monday, May 20, 2019 - 11:38am

SubPrime Auto Finance News Staff

Dealer Owned Warranty Co. (DOWC). a provider and administrator of F&I products and services, recently partnered with the Allstate Corp. Like dealers, customers depend on the integrity of their vehicle service contracts and warranties. DOWC strives to ensure the successful administration of a dealer’s... Read More

Monday, May 20, 2019 - 11:36am

SubPrime Auto Finance News Staff

The latest auto-finance information available from Equifax revealed trends that made the company give bullish projections of what the subprime slice of the market might be like for the rest of the year. Equifax’s auto-loan originations observations through January reported as of March indicated that 1.78 million... Read More

Friday, May 17, 2019 - 10:53am

SubPrime Auto Finance News Staff

Auto/Mate Dealership Systems recently enhanced its product offering aimed at streamlining the sales process and improving the workflow of sales managers, F&I managers and office clerks. The company released Deal Closeout, a new feature in the Desk/Mate Module of its dealership management system (DMS). Desk/Mate... Read More

Friday, May 17, 2019 - 10:51am

SubPrime Auto Finance News Staff

Intellaegis now has additional funding and manpower to accelerate the growth of masterQueue, its debt collection software. The company announced this week that it closed on its first round of institutional funding since its launch at Finovate in 2011. “To this point, we’d been self-funded by the founders... Read More

Monday, May 13, 2019 - 10:41am

SubPrime Auto Finance News Staff

We’re nearly halfway through the second quarter, and experts are seeing varying trends about whether consumers are prepared to commit to buying a vehicle at your dealership and financing the purchase through your finance company. While a pair of surveys that measure consumer confidence each month demonstrated some... Read More

Friday, May 10, 2019 - 10:19am

SubPrime Auto Finance News Staff

Kroll Bond Rating Agency reported this week that its auto-finance indexes that watch both the non-prime and prime spaces moved in similar directions in April. But a deeper look at the latest data showed some “slightly less sanguine results.” Analysts indicated annualized net losses in KBRA’s Prime... Read More

Thursday, May 9, 2019 - 11:26am

SubPrime Auto Finance News Staff

Now that we’re deep into the second quarter of 2019, GWC Warranty recently offered a refresher in an effort to help dealerships gain more sales traction in the F&I office. With vehicle affordability becoming more a challenge, GWC Warranty emphasized that selling more service contracts and higher... Read More

Wednesday, May 8, 2019 - 11:32am

SubPrime Auto Finance News Staff

Along with handing out five different awards and generating thousands of dollars for an industry-related charity, the American Recovery Association cheered the success of this year’s North American Repossessors Summit (NARS), sponsored by Harding Brooks Insurance. ARA officials highlighted that the 11th annual... Read More