Warning Signs on the Road for Auto Lenders

The warning signs are evident: a growing reliance on new, unproven loan products; a sharp spike in early delinquencies; and the collapse of a few smaller subprime lenders. Is auto lending in 2018 beginning to resemble the housing market circa 2008? Perhaps, but there are important differences. The economy is stronger than it was 10 […]
  • Matt Isaacson
  • November 28, 2018
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8 Tips for Improving Collection Practices

Delinquencies continue to climb to levels unseen since the financial crisis, which is why many lenders are focused on improving collections practices and bolstering their loss mitigation strategies. Auto Finance News spoke with four collections experts to pinpoint best practices and optimal strategies for mitigating losses and improving collections. Here are eight tips for improving […]
  • Huixin Deng
  • August 16, 2017
  • 1

Lenders Beware of ‘Scary Deals,’ Western Funding President Warns

If the auto finance industry continues to see deteriorating conditions like rising LTVs and lengthening loan terms, things could be headed for trouble, Guerin Senter, President of Western Funding said at the Auto Finance Summit 2015 last month. “I think if the industry continues down the current trend, with these advanced rates and the advance […]
  • Larissa Padden
  • November 4, 2015
  • 1

CREDIT: Delinquencies Remain Low Even as Subprime Grows

DELINQUENCIES Auto loan delinquencies are on the rise, loan terms are getting longer, and as subprime auto lending continues to grow, so does the fear that the industry is on the brink of creating a similar financial crisis that caused the recession about five years ago. That’s the upshot in auto finance credit performance today. […]
  • Larissa Padden
  • January 28, 2015
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