Nicole Casperson | Auto Finance News | Page 50 | Auto Finance News - Part 50
Nicole Casperson

Nicole Casperson

Deputy Editor

As Deputy Editor of Auto Finance News, Nicole Casperson reports on the latest news, trends, and innovations impacting the auto finance space. Nicole is an experienced business reporter from Texas, and she previously specialized covering the housing and mortgage industry. Nicole received her Master of Arts in Mass Communication and her Bachelor of Arts in Journalism both from the College of Media & Communication, Texas Tech University.

Safety, Consumer Acceptance Serve as Top Autonomous Vehicle Concerns

With automakers like FCA fast-tracking toward autonomous vehicles, it can seem inevitable to think the traditional model of buying and selling cars could face a disruption. However, concerns with consumer acceptance, safety, and technology costs might hinder that thought, according to Automotive IQ’s Autonomous Vehicles Summit survey. Although 71% of manufacturers expressed an interest to […]

Ballooning Losses at Honor Finance Spark KBRA Downgrade Warning

Kroll Bond Rating Agency is on track to issue its first-ever auto securitization downgrade, as losses mount for subprime lender Honor Finance. KBRA put the 2016 securitization — Honor Finance’s inaugural transaction — on “watch downgrade” last week. Honor Finance’s losses “rose considerably over the past few months,” higher than initial expectation for the $8.86 […]

Nonprime Originations Shrink Despite a Rise in Portfolio Balances

Nonprime portfolio balances increased year-over-year to $34.6 billion at yearend 2017, yet the number of loans originated during that time decreased, according to data from the 2018 Nonprime Automotive Finance Survey. Balances grew by 5.3% year-over-year in 2017 for the seventh consecutive increase for the 40 nonprime lenders surveyed. However, the number of loans originated dropped by […]

Assurant to Expand Global Operations With $2.5B Acquisition

New York-based insurance company Assurant expands its size and scale within vehicle protection with its $2.5 billion acquisition of The Warranty Group from TPG Capital. The companies jointly operate across 21 countries, and Assurant President and Chief Executive Alan Colberg said the deal solidifies its “global position” as a provider of vehicle protection services. As a combined entity, Assurant […]

Lenders Pull Back Financing to Subprime Tiers in Favor of Prime, Experian Says

New vehicle loans made to subprime and deep subprime consumers are decreasing as prime and superprime consumers are receiving the highest volume of new-vehicle funding they have received since 2012, according to Experian’s first quarter State of the Automotive Finance Market report. Specifically, subprime and deep subprime consumers received a 22.5% fewer new-vehicles loans in the first […]
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