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Nonprime auto finance continues to show signs of recovery, but dealers say they will need more than just good feelings to ride out the storm.
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American consumers are doing a better job of making payments on their auto loans as delinquencies on 30- and 60-day loans fell in the first quarter of 2010, according to Experian Automotive.
Read More →Chase Auto Finance opened a new Custom Finance office in Pittsburgh to meet the subprime financing needs of auto dealers in western Pennsylvania.
Read More →The National Automotive Finance (NAF) Association will present its 14th Annual Below-Prime Credit Auto Financing Conference June 2-4, 2010 at the Renaissance Worthington Hotel in Fort Worth, Texas.
Read More →Chase Auto Finance announced Monday that it opened a new Custom Finance office in Des Moines, Iowa, to serve the subprime financing needs of dealers in the central Plains area.
Read More →Auto loan approvals continued to pick up in April, the same month pent-up demand reached its highest level since the third quarter 2008, according to CNW Research.
Read More →F&I and Showroom magazine is now offering five free online videos that provide insight and instruction on handling today’s special finance customer.
Read More →Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.
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Its competitors might be on the move, but so is RouteOne. F&I and Showroom goes one-on-one with the company’s chief executive to find out where it’s headed.
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With more than 40 percent of the buying public now in the lower credit tiers, could franchised dealers be missing out on a prime opportunity?
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