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February 23, 2012

Interest Rates at Lowest Levels Since 2008, Experian Reports

Experian Automotive announced that the automotive loan market showed continued improvement, with interest rates for new- and used-vehicle loans at their lowest levels since 2008.

December 1, 2011

Subprime Originations Realize 3Q Boost, Reports Experian Automotive

Below-prime auto loan originations continued to pick up steam in the third quarter, with the biggest gains seen in the two highest risk segments, Experian Automotive reported.

November 3, 2011

Auto Finance Companies Originating More Loans Than Banks, Credit Unions, Equifax Reports

Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.

November 1, 2011

Industry Summit: Finance Execs Discuss Market Trends

The auto finance marketplace is heating up, but executives from six top finance sources said there’s more at play than simply a race for market share.

October 18, 2011

Southside Launches National Subprime Loan Portfolio Program

Southside Financial Group announced the launch of a nationwide program to purchase existing nearprime and subprime auto loan portfolios ranging from $500,000 to $40 million.

October 14, 2011

GM Financial to Offer Dealer Financing by April 2012

GM Financial will become a player in the commercial lending segment by the end of the first quarter 2012, according to statements made yesterday by the company’s president and CEO, Dan Berce.

October 11, 2011

Finance Express Adds PACCO to Lender Portal

Finance Express announced that it has entered into a partnership with subprime automotive finance company Preferred Automobile Credit Co.

October 7, 2011

2Q Analysis: Below-Prime Goes Prime Time

In the second quarter, finance sources continued their drive down into the high-risk credit tiers and consumers continued to pay on time. But the magazine’s resident finance insider wonders how long those trends can continue in this month’s review of quarterly auto finance trends.

September 21, 2011

NABD Releases Payment Assurance White Paper

The National Alliance of Buy Here, Pay Here Dealers has published a seven-page white paper on the use of payment assurance technology to secure subprime auto loans and aid in vehicle repossession.

August 30, 2011

Below-Prime Originations Jump 22.4 percent in 2Q, Experian Reports

Experian Automotive reports that the below-prime segment represented 22.29 percent of all loans originated in the second quarter, up from 18.21 percent in the year-ago quarter.