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Categories: Auto Finance, Dealer Ops, Digital, F&I

The subprime finance source has selected Dealertrack's Accelerated Title solution to handle its title and release process for dealers accepting cars in on...

https://www.autodealertodaymagazine.com/351023/regional-acceptance-joins-dealertrack-accelerated-title
Categories: Auto Finance, Dealer Ops, F&I

Total outstanding auto portfolio balances reached $1.27 trillion through May, the first time balances have surpassed $1.25 trillion.

https://www.autodealertodaymagazine.com/351027/total-outstanding-auto-portfolio-balances-top-1-25-trillion
Categories: Auto Finance, Dealer Ops, F&I

Two years ago, zero percent finance deals accounted for 14.6% of transactions. Last month, they only accounted for 7.4%. Edmunds analysts point to higher...

https://www.autodealertodaymagazine.com/351038/edmunds-zero-percent-finance-deals-evaporate-in-august
Categories: Auto Finance, Dealer Ops, F&I

Subprime originations fell 4.5% from a year ago to 1.841 million in the first quarter, a period in which total outstanding balances topped a quarter...

https://www.autodealertodaymagazine.com/351092/equifax-subprime-pullback-continued-in-q1
Categories: Auto Finance, Dealer Ops

AFS Acceptance has officially been renamed Credito Real USA, two years after being acquired by Mexico’s Credito Real and on the eve of a planned market...

https://www.autodealertodaymagazine.com/324040/afs-renamed-credito-real-usa-poised-to-expand
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The acquisition of the F&I audit services firm enables KPA to become a single source for automotive compliance. The transaction closed on May 31.

https://www.autodealertodaymagazine.com/324034/kpa-acquires-auto-advisory-services-inc
Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training

The fintech firm’s executive previously served as vice president of product development and engineering at CDK Global. He is now tasked with accelerating...

https://www.autodealertodaymagazine.com/323943/autogravity-names-jason-bonifay-vice-president-of-engineering
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The president’s signature comes exactly five years and two months after the bureau put the auto finance industry on notice with its controversial guidance...

https://www.autodealertodaymagazine.com/323939/trump-signs-repeal-of-cfpbs-dealer-participation-guidance
Categories: Auto Finance, Compliance, Dealer Ops, F&I

As expected, the House approved the resolution of disapproval of the CFPB's guidance on dealer participation. With the Senate having voted on the resolution...

https://www.autodealertodaymagazine.com/323920/house-approves-resolution-to-repeal-cfpbs-dealer-participation-guidance
Categories: Auto Finance, Dealer Ops, F&I

January saw a significant drop in lease originations, as finance sources placed a greater emphasis on loan incentives, according to Equifax. The firm also...

https://www.autodealertodaymagazine.com/323916/equifax-finance-sources-pull-back-from-subprime-leasing


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