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 […]

Marcie Belles
November 27, 2019
Capital Markets

Attorney for indicted dealer questions fraud claims

The attorney for Andrew Gabler, an Erie, Pa.-based auto dealer who was indicted on 17 counts of auto fraud in August, is clapping back at the Department of Justice on the grounds that the agency has yet to supply specific information regarding the alleged criminal sales transaction, according to a motion filed Nov. 21 with […]

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 […]

Marcie Belles
November 19, 2019
Operations, People

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 […]

Marcie Belles
November 15, 2019
Earnings, Operations, People

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 […]

Marcie Belles
November 13, 2019
Auto Finance Excellence, Compliance & Regulation

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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How aftermarket products give subprime lenders an edge

Fueled by off-lease volume and consumer demand, used-vehicle sales are nearing record levels. For lenders focused on used vehicles — particularly lenders with subprime practices — these are opportune times. However, lenders need to differentiate their services to scale a profit. By leveraging cloud, auto-decisioning and paperless lending technologies, lenders gain a competitive edge with […]

Aclaró expands into prime auto lending market

Aclaró Inc., the rapidly-evolving artificial intelligence company, has expanded its products and services to the prime auto lending market after successfully launching its disruptive technology in the subprime market. It moves into prime auto loans, permitting a range of lenders, borrowers, and auto dealers to take advantage of industry-leading insights to create better long-term financial […]

State of the subprime auto lending market

Working in the subprime auto lending market, the tendency is to focus on the threats and opportunities that are directly in front of us. We zone in on our specific subprime auto portfolios and do our best to obtain the highest risk-adjusted returns. Ultimately, it is easy to get stuck in the weeds rather than […]

Why low balance letters are not working

Regardless of the industry, there comes a time when certain business practices are followed even though they aren’t the most efficient or most profitable. The legendary Rear Admiral Grace Murray Hopper, a pioneer of computer programming, used to say that the most dangerous phrase in any language is, “We’ve always done it this way.” The auto […]

Aclaró releases EcoSystem 3.0, adds new board member

Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, […]

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Auto Finance News The News That Drives the Industry

Marcie Belles

Vice President

New-car sales close in on 17M

Exeter scraps IPO

Attorney for indicted dealer questions fraud claims

PE firm Cerberus buys stake in Florida used-car chain

Nicholas Financial maps growth trajectory

Oportun debuts auto refi product

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

Credit Acceptance ditches $10K dealer-enrollment fee

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