AFS Acceptance

In a market where wholesale auction volume is even tighter than overall used supply, independent dealers face an especially “tough situation” when it comes to acquiring the vehicles they need on their lots, suggested Jonathan Banks, a senior analyst with NADA Used Car Guide. In his Used Car & Truck Blog, Banks points out that [...]

As featured in the F&I Perspectives, 12 JUNE 2011 Issue - WWW.NIADA.COM. F&I PERSPECTIVES Uri Szapiro is vice president of originations at AFS Acceptance LLC, an established, full-service auto finance company serving franchise and independent car dealers’ subprime financing needs since 1996. For more information, visit www.afsacceptance.com or call 877-223-3254. Since the credit crisis began a couple of years ago, it’s no secret used vehicle inventory has [...]

AFS Acceptance will be exhibiting at the 2011 NIADA Convention & Expo at Caesars Palace, Las Vegas, June 21-23, 2011. If you’re planning on attending, please stop by our booth (#203) to meet the team and learn more about our aggressive subprime lending program.  Click here for more information on the 2011 NIADA Convention & [...]

Article posted on prnewswire.com. NADA Used Car Guide Responds Quickly to Extreme Shocks in the Automotive Market Prices of fuel-efficient, used cars – both at auction and at the retail level – continue to feel the ripple effect of the March 11earthquake and tsunami in Japan. “The dramatic increase in wholesale vehicle prices indicates that buyers are [...]

According to CNW Marketing Research, 2010 car sales to consumers with subprime credit ratings increased nearly 60 percent compared to the year before, and have continued to rise sharply since the beginning of 2011. Click here to read the New York Times article on the lending revival.

CNW Research discovered that both captives and major banks are tapping into pent-up demand of subprime new-vehicle buyers.

“While still only a small percentage compared to January 2008 and before, the number of subprime new-car loan approvals marked its fourth monthly increase,” explained Art Spinella, of CNW.