TruDecision’s Parry defends current status of subprime auto finance

Monday, May. 11, 2026, 11:52 AM

Car-buying intention remains positive even as consumers face more headwinds

Thursday, May. 7, 2026, 11:12 AM

NAF Association reveals next recipients of Jack Tracey Pinnacle Award & Summit Leadership Award

Friday, May. 8, 2026, 10:56 AM

Latest Stories

CARS Protection Plus taps Circuitry.ai Warranty Decision Intelligence to help adjusters resolve claims faster

Endurance celebrates 20 years, highlighting growth & investment in warranty space

Reviewing FICO & FSA data to see how much student loans could be impacting your auto-finance portfolio

This Month's Focus

Artificial Intelligence

EY study shows Canadians still cautious about AI but using it more for everyday activities

Monday, May. 11, 2026, 03:00 PM

This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More

Carfluent’s new AI tool helps dealerships beat aggregators in searches

Monday, May. 11, 2026, 09:51 AM

A growing percentage of consumers now use artificial intelligence as what marketplace Cars.com describes as a “trusted co-pilot” in their search for a vehicle to purchase. Meanwhile, other studies suggest that dealership websites are not visible to many of those ... Read More

ChatGPT app represents the latest step in CarMax’s ongoing AI evolution

Monday, May. 11, 2026, 09:45 AM

Yes, it’s AI — everyone’s favorite buzzword. But when it comes down to it, artificial intelligence is only part of what CarMax’s new ChatGPT app is all about. The company billed as the nation’s largest used-car retailer touted the app, ... Read More

FICO’s Shams Blanc on lenders sharpening underwriting & more

Wednesday, Apr. 29, 2026, 03:54 PM

Fresh off being in Miami as part of the Used Car Industry Summit that Cherokee Media Group hosted this spring, Shams Blanc, who is vice president of auto scores at FICO, appeared again on the Auto Remarketing Podcast. Blanc discussed ... Listen Here

Byron Oldham of Honest Autos & FIADA

Monday, Apr. 27, 2026, 07:47 PM

Byron Oldham is president of the family-owned Honest Autos dealership and is president of the board at the Florida Independent Automobile Dealers Association. In this episode, Oldham talks with Cherokee Media Group senior editor Joe Overby about the upcoming Southeast ... Listen Here

Automotive CFO-To-Go Kathi Kruse talks dealership finance, accounting in ‘lightning round’

Sunday, Apr. 19, 2026, 04:27 AM

Kathi Kruse, the Automotive CFO-To-Go who brings her financial expertise — born through years of experience as a dealership chief financial officer — to dealers needing help in that area, is back on the Auto Remarketing Podcast. In this episode, ... Listen Here

3 economists upbeat about current employment scene

hovering bar graph picture

Tuesday, Mar. 7, 2023, 03:09 PM

SubPrime Auto Finance News Staff

Cox Automotive chief economist Jonathan Smoke as well as Comerica Bank chief economist Bill Adams and senior economist Waran Bhahirethan offered perhaps some reassuring assessments of what the overall employment landscape looks like. All three shared their perspectives ahead of ... [Read More]

Cox Automotive cautious about taking ‘sky is falling’ approach with repossessions

Smoke sees subprime delinquency & defaults rising

Friday, Mar. 3, 2023, 04:04 PM

SubPrime Auto Finance News Staff

While acknowledging there has been some portfolio softening, Cox Automotive chief economist Jonathan Smoke cautioned about taking an approach “to create the view that the sky is falling.” Smoke explained his reasoning in a company podcast posted on Friday with ... [Read More]

Experian: Credit unions now pace all auto financing

Thursday, Mar. 2, 2023, 04:41 PM

SubPrime Auto Finance News Staff

Experian made the official declaration on Thursday. In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022, ... [Read More]

FTC sues to stop ‘interconnected web’ of service providers carrying robocalls pitching phony debt relief services

Minnesota AG sues dealer, Ignite warns of legal risk

Wednesday, Mar. 1, 2023, 03:42 PM

SubPrime Auto Finance News Staff

The Federal Trade Commission recently sued to stop an “interconnected web” of operations responsible for delivering tens of millions of unwanted Voice Over Internet Protocol (VoIP) and ringless voicemail (RVM) phony debt service robocalls to consumers nationwide. The Department of ... [Read More]

EFG Companies unveils F&I Profit Guarantee to bolster dealers’ bottom lines

Wednesday, Mar. 1, 2023, 03:40 PM

SubPrime Auto Finance News Staff

Oftentimes, compensation doesn’t arrive unless sales objectives are met or exceeded. EFG Companies is changing that situation. On Tuesday, EFG Companies announced the launch of F&I Profit Guarantee in which EFG compensates new clients if revenue goals are not met ... [Read More]

AutoAlert & 700Credit boost alliance for improved dealer experience

Wednesday, Mar. 1, 2023, 03:38 PM

SubPrime Auto Finance News Staff

AutoAlert and 700Credit announced an expanded integration alliance on Tuesday. With this new alliance, AutoAlert has incorporated 700Credit’s credit reports, compliance, and prescreen platforms into its CRM platform, AutoAlert CXM, to provide a “seamless” dealer experience. AutoAlert CXM is an ... [Read More]

4 potential reasons why younger consumers are delinquent

Tuesday, Feb. 28, 2023, 03:46 PM

SubPrime Auto Finance News Staff

An analysis by five experts at the Federal Reserve Bank of New York showed consumers in their 20s and 30s represent the age groups with the most auto finance contracts 90 days or more past due. Those fourth-quarter findings are ... [Read More]

FTC sees annual fraud figure jump by more than 30%

Monday, Feb. 27, 2023, 04:48 PM

SubPrime Auto Finance News Staff

Newly released Federal Trade Commission data showed that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30% year-over-year. The FTC said consumers reported losing more money to investment scams — more than $3.8 ... [Read More]

9 finance companies asked to share info for CFPB auto finance data pilot

CFPB seeking more data about repossessions & contract modifications

Friday, Feb. 24, 2023, 02:44 PM

SubPrime Auto Finance News Staff

The next step in building what the Consumer Financial Protection Bureau is calling its auto finance data pilot put the onus on nine finance companies. According to a bureau blog post pushed online Thursday, the CFPB said it issued orders ... [Read More]

4 firms dissect current trends that could impact auto financing

Lendbuzz gains $100M warehouse facility through MUFG

Thursday, Feb. 23, 2023, 03:44 PM

Nick Zulovich, Senior Editor

Experts from Cox Automotive, The Conference Board, iLending, S&P Global Ratings recently articulated several ingredients that could create headwinds for the auto finance market during the rest of the year. The ingredients ranged from the bandied about trends connected with ... [Read More]

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