Auto/Mate integrates DMS with ProMax

SubPrime Auto Finance News Staff

Two service providers perhaps already being leveraged at your store now are working together to help you turn more financed deliveries. This week, Auto/Mate Dealership Systems integrated its dealership management system (DMS) with ProMax, a leading supplier of retail automotive CRM/ILM, desking, credit and compliance... Read More

SubPrime Auto Finance News Staff

S&P Global Ratings recently offered more analysis as to how it examines subprime auto loan asset-backed securities (ABS) issuers in light of what the firm described as an increasingly noticeable trend. The firm explained that certain U.S. subprime auto loan asset-backed securities (ABS) issuers are reporting more... Read More

SubPrime Auto Finance News Staff

On Thursday, Credit Acceptance Corp. announced the completion of a $398.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the subprime auto finance company said it contributed installment contracts of a net book value of approximately $500.1 million to a wholly-owned special purpose... Read More

SubPrime Auto Finance News Staff

The c-level executive team at defi SOLUTIONS now has grown by three members so far this year. The latest addition is Jason Zubrick as chief technology officer. Zubrick comes to defi SOLUTIONS with nearly 20 years’ software architecture experience, most recently at GameStop where he worked for 10 years. The... Read More

SubPrime Auto Finance News Staff

The deceleration of auto-finance origination stopped in this first quarter, according to TransUnion’s newest Industry Insights Report released earlier this week. But the subprime segment didn’t trigger the change. After six consecutive year-over-year declines beginning in third quarter of 2016, analysts... Read More

Nick Zulovich, Senior Editor

The polar opposite reaction to a one-vote margin of passage within the Senate Banking Committee reinforced why the nomination of Kathy Kraninger by President Trump to be the next director of the Consumer Financial Protection Bureau appears to be so controversial. Committee members approved by a vote of 13-12 on Thursday... Read More

SubPrime Auto Finance News Staff

It might only be August, but the American Recovery Association (ARA) already has April on its radar. ARA in conjunction with headline sponsor, Harding Brooks Insurance, announced the theme, secured keynote speakers and early bird registration details for the 11th annual North American Repossessors Summit, which is set... Read More

SubPrime Auto Finance News Staff

For consumers who needed a subprime auto finance company to accept their application because of a soft credit profile, Merchant Partners and Acima Credit are collaborating to assist those same individuals who encounter financial hardship stemming from vehicle repair. The partnership revealed this week combines the... Read More

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