Financial

| Auto Remarketing

Friday, January 15, 2021 – 10:30am

Vanguard Dealer Services chief executive officer James Polley announced two promotions this week of long-time executive within the company, a firm that has provided automotive consulting, dealership training and F&I products and services since 1999.Through a news release, the company said Mickey Quinn, a 30-year… Read More

Thursday, January 14, 2021 – 11:49am

SubPrime Auto Finance News Staff

With an eye toward current F&I business as well as where that segment could go after the pandemic, EFG Companies welcomed a former senior executive at Cox Automotive to its leadership team on Thursday.Scott Kaskocsak, who previously was the senior director of enterprise sales for Cox Automotive, is now… Read More

Wednesday, January 13, 2021 – 11:20am

Nick Zulovich, Senior Editor

Cox Automotive estimates that repossession volume will make a “significant” rise in 2021 compared to last year.According to data shared during Friday’s Cox Automotive Industry Insights 2021 presentation, repossession volume in 2020 softened to the lowest level in five years, sliding to 1.4 million… Read More

Wednesday, January 13, 2021 – 11:17am

SubPrime Auto Finance News Staff

A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor.The AmTrust 2020 Extended Auto Warranty Advisor identified… Read More

Tuesday, January 12, 2021 – 11:24am

SubPrime Auto Finance News Staff

Remitter USA is beginning its journey through 2021 with revamped leadership, including a new chief executive officer and vice president of sales.Now overseeing the white-labeled digital communications platform powered by artificial intelligence that can help finance companies maximize revenue by reducing delinquencies… Read More

Monday, January 11, 2021 – 11:06am

SubPrime Auto Finance News Staff

This week’s restart of the Paycheck Protection Program (PPP) could benefit dealerships and finance companies directly if they choose to apply for and are granted loans through this federal program.Or PPP could provide a trickle-down effect for stores and providers whose retail installment contract holders have… Read More

Friday, January 8, 2021 – 9:44am

SubPrime Auto Finance News Staff

Here’s another update to start 2021 from our busy mergers and acquisitions desk.Protective Life Corp., overseer of Protective Asset Protection and a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, announced this week it completed the transaction to acquire the Revolos family of companies. Revolos offers a… Read More

Thursday, January 7, 2021 – 2:46pm

SubPrime Auto Finance News Staff

A 2019 study published in the Journal of Planning Education and Research examined how vehicle ownership and income are directly related to poverty, coining the term, “Poverty of the Carless.”During the past 60 years, the study indicated all advances in society in the U.S. have been made on the premise of… Read More

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Source: https://www.autoremarketing.com/subprime

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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