Financial News

Dealers and creditors are cheering the possible repeal of the Consumer Financial Protection Bureau’s auto financing guidance. The Senate approved legislation March 19 offered by Senators Pat Toomey (R-Pa.) and…
Auto finance made up a majority of charge-offs for Community Trust Bancorp Inc. The Pikeville, Ky.-based bank reported $1.2 million of charge-offs in indirect auto finance in the first quarter.…
Auto finance default rates continue to remain stable. S&P Dow Jones Indices and Experian report that the auto finance default rate fell to 1.05 percent from 1.09 percent in February.…
APCO Holdings, home of the EasyCare, GWC Warranty, Covideo, and Savy brands, has named David Vickers as the company's new chief financial officer. Vickers brings 35 years of experience in…
Ally Financial Inc. and Fair announced a strategic relationship in which Fair will use Ally's SmartAuction as a remarketing solution for its returned cars, and offer consumers flexible car financing…
CalAmp announced plans to partner with TransUnion to help insurance carriers better manage risk, minimize replacement losses and improve customer service. The partnership intends to leverage TransUnion's insurance data and…
Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, Rails…
Kroll Bond Rating Agency (KBRA) has released its monthly auto loan indices. Annualized net losses and 60-plus day delinquencies fell month-over-month in both KBRA’s Prime and Non-Prime Indices. However, non-prime…
FCA US LLC reported March 2018 sales of 216,063 vehicles, a 14 percent increase compared with sales in March 2017 of 190,254 vehicles. The sales surge was lead by a…

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