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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.
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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.
Read More →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.
Read More →Finance Express announced that it has entered into a partnership with subprime automotive finance company Preferred Automobile Credit Co.
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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.
Read More →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.
Read More →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.
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Things are looking up for the below-prime segment, but our analyst warns that there still may be trouble ahead for the finance companies and dealers who serve that segment.
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CarFinance Capital is new to the auto finance world, but the people behind the nonprime/subprime finance source are not. The editor gets the skinny.
Read More →Consumers were back on the sidelines for the first 15 days of July, according to CNW Research, as car buyers continued to wait for the expected increase in incentives after the summer months.
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