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.
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.
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.
Chris ‘Captain Credit’ Cochran struck gold for Haddad Dealerships with a social media promotion that grew into a standalone special finance department.
John Palmer, president and CEO of ProMax Unlimited, will present two seminars at the the upcoming 2011 Special Finance Conference, scheduled for September 26-28 at the Las Vegas Hilton.
CarFinance Capital LLC launched its nonprime auto financing system in Texas following a similar program rollout in California in May.
Flagship Credit Acceptance’s Portfolio Acquisition Program will purchase existing portfolios of nonprime and subprime loans from auto dealers and finance companies across the United States.
The publishers of F&I and Showroom and Special Finance Insider have announced that SFI ’s Special Finance Conference, traditionally held each August in Dallas, will join the eighth annual F&I Conference and Expo at Industry Summit 2011 this September in Las Vegas.
At Longmont Ford, Greg Alore relies on a roster of lenders, lead providers and satisfied customers to help his special finance team rack up hall-of-fame numbers.
In the third quarter, subprime originations increased for the first time since the credit crisis. F&I’s auto finance analyst breaks down the results.
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