Marcie Belles | Auto Finance News | Auto Finance News
Marcie Belles

Marcie Belles

Vice President

Marcie D. Belles joined Royal Media Group in 1996. Marcie spent 17 years covering auto finance, most recently as managing editor of Auto Finance News. In 2001, Marcie won an award from the Newsletter & Electronic Publishers Foundation for her coverage of GE Capital Corp.’s exit from the auto finance business. She assumed her current position in 2014, running all of Royal Media’s auto finance data and research initiatives. She graduated cum laude from Yeshiva University in New York, and lives in Houston with her husband and two sons.

New-car sales close in on 17M

Powered by strong November sales showings from Toyota Motor North America and Honda Motor Co., yearend light-vehicle volume is on track for 17 million units for the fifth straight year. Total light-vehicle sales for the year are on pace to hit 17.1 million units, down 1.4% from 2018, according to J.D. Power and LMC Automotive. Toyota notched […]

Exeter scraps IPO

Subprime lender Exeter Finance has shelved plans for an initial public offering “due to market conditions,” according to a Nov. 22 SEC filing. Blackstone-backed Exeter had expected to raise $100 million in the IPO, according to an S-1 filed on Jan. 8. Details in the withdrawal filing were sparse. “The registrant has decided not to […]

PE firm Cerberus buys stake in Florida used-car chain

Private equity firm Cerberus Capital Management has acquired an 80% interest in independent used-car dealership chain Off Lease Only LLC with plans to expand the company’s footprint and “further strengthen the business through strategic investments and the integration of operations and technology initiatives,” according to a press release. Off Lease Only has four Florida dealership […]

Nicholas Financial maps growth trajectory

Nicholas Financial  has outlined expansion plans for its direct loan product and branch network, according to a Nov. 14 SEC filing. Nicholas plans to roll out its direct loan product in Indiana, Missouri, South Carolina and Kentucky this quarter, according to the filing. “We remain focused on proliferating our direct loan product to all of […]

Oportun debuts auto refi product

Oportun Financial rolled out an auto refinance product this week after applying lessons learned from a retail loan offering that launched in the second quarter, said Chief Executive Raul Vazquez during an earnings call. “We are excited about the introduction of auto refi loans, because we believe they will be a larger contributor to growth […]

Nevada regulators signal enforcement delay of spousal credit rule, lawyer says

Nevada regulators have suggested they may delay enforcement of legislation that went into effect Oct. 1 until they address concerns raised in a lawsuit filed by three financial services trade groups, Candy Burnette, an attorney in McGlinchey Stafford’s Cleveland office, told Auto Finance News. The law in question is an amendment to the state’s Equal […]

Credit Acceptance ditches $10K dealer-enrollment fee

Credit Acceptance has eliminated its $9,850 dealer-enrollment fee in an effort to expand its dealer network. The lender disclosed the change, which was implemented Aug. 5, in its third-quarter SEC filing. “Beginning Aug. 5, 2019, dealers may enroll in our Portfolio Program without incurring an enrollment fee,” according to CAC’s third-quarter filing. “Prior to Aug. […]
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