Dealertrack’s chairman and CEO on deep subprime approvals and lenders’ approach to new regulations, according to SubPrime Auto Finance News.
LAKE SUCCESS, N.Y. — Recent intimate dialogue with both dealers and lenders gave Dealertrack Technologies chairman and chief executive officer Mark O’Neil a unique assessment of just how the subprime auto finance industry is behaving nowadays.
Topics ranging from approvals for consumers with credit scores dipping toward 500 as well as possible unity within the lending community were among the subjects O’Neil touched on this week when Dealertrack conducted a conference call with investment analysts after reporting its first-quarter financial statement.
