Nick Zulovich, Senior Editor

Here is some new TransUnion data that could help managers within finance company underwriting departments when looking at an application attached to a vehicle that just rolled over the curb. According to the recent TransUnion study of 1.5 million refinanced installment contracts originated in 2013 and 2014, there is a... Read More

SubPrime Auto Finance News Staff

After initially launching this spring, RideShare Knight offered more details about its vehicle service contract for Uber and Lyft drivers working in the ride-sharing economy today, launching a total of seven coverage plans. Including multiple tiered plan options within each new coverage package, RideShare Knight... Read More

Moxy Solutions and Redshield join F&I Express

SubPrime Auto Finance News Staff

Moxy Solutions, a tool designed to streamline the sales and deal-closing process, joined the F&I Express platform this week. The company added that this integration will also add aftermarket provider, Red Shield, to the F&I Express network of more than 160 providers. IMOXY can provide an easy way to monitor... Read More

SubPrime Auto Finance News Staff

Updated information from Equifax showed the auto finance industry is continuing to back off originations versus the brisk pace still in place a year ago. According to data shared this week with SubPrime Auto Finance News, Equifax reported that there have been 1.841 million retail installment contracts originated through... Read More

SubPrime Auto Finance News Staff

Another way for repossession agencies to find the personnel they need recently launched. The American Recovery Association (ARA), in partnership with TalentValue, recently rolled out an improved ARA Job Board at repojobs.us. It’s part of the association’s ongoing member recruitment strategy with... Read More

Joel Kennedy, Spinnaker Consulting Group

The market fundamentals in non-prime are signaling positive. A strong economy and low unemployment are contributing to stabilization in consumer credit scores. Auto defaults are at the lowest point with one full quarter of improvements under the belt. There continue to be new auto bond issuances, and the spreads on... Read More

4 specific areas where F&I trust can be built

SubPrime Auto Finance News Staff

GWC Warranty acknowledged that perhaps the most difficult obstacle to overcome in the dealership F&I office is getting customers to trust that the products store personnel are offering will be worth the added cost. The provider of used-vehicle service contracts sold through dealers insisted in a recent blog post... Read More

SubPrime Auto Finance News Staff

Embellishing “stips” to enhance the figures sent to finance company underwriting departments landed a quartet of dealerships in trouble with a top federal regulator. This week, the Federal Trade Commission charged a group of four dealers operating in Arizona and New Mexico, near the border of the Navajo... Read More

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