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This Month's Focus

Artificial Intelligence
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Urban Science survey: Dealers confident in sales process, wary of AI for lead follow-ups
Friday, May. 15, 2026, 11:48 AM
The sixth annual automotive research study by Urban Science in collaboration with The Harris Poll highlighted that nine in 10 U.S. car buyers said a traditional dealership is their top choice for purchasing a vehicle. Now let’s delve deeper into ... Read More
Bain Survey: Few Companies Ready for Sustainability Rules (24%) Building on three-year partnership, Bain invests in OpenAI Deployment Company
Wednesday, May. 13, 2026, 12:13 PM
Bain & Company today announced an investment in the Deployment Company, a new venture launched by OpenAI with 19 global partners. According to a news release, the OpenAI Deployment Company is built to help businesses deploy artificial intelligence across their ... Read More
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
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
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

FTC declines to extend comment period for proposal banning ‘junk fees’

FTC picture
Wednesday, Aug. 24, 2022, 03:52 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission said on Tuesday that the regulator has declined to extend the public comment period for its proposed rule that would ban “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” Despite ... [Read More]

Provana welcomes Edmonds, who continues to build advisory portfolio

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Wednesday, Aug. 24, 2022, 03:50 PM
SubPrime Auto Finance News Staff
Kelli Edmonds became an advisor to another industry service provider this week after founding her own consulting firm. The former senior vice president of business control and risk management at Santander Consumer USA now is part of the executive advisor ... [Read More]

Monthly auto default rises remain below 6 basis points

experian-graph-1 for july 2022 for web
Tuesday, Aug. 23, 2022, 03:11 PM
SubPrime Auto Finance News Staff
While the auto finance default rate has ticked up during 11 of the past 12 months, none of those month-over-month increases have been more than 6 basis points. The latest rise according to the S&P/Experian Consumer Credit Default Indices came ... [Read More]

Fletcher Jones taps Principal Warranty for F&I work

news pic
Monday, Aug. 22, 2022, 03:31 PM
SubPrime Auto Finance News Staff
Principal Warranty Corp. recently added a new dealership client that knows luxury well. Now leveraging the provider’s products is Fletcher Jones, which has dealerships in California, Nevada, Hawaii and Illinois and is one of the national sales leaders among Audi ... [Read More]

KBRA spots more credit deterioration within auto ABS

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Monday, Aug. 22, 2022, 03:29 PM
SubPrime Auto Finance News Staff
What Kroll Bond Rating Agency (KBRA) has been discussing for much of the year continues to come to fruition. Analysts said July remittance reports showed a second straight month of deteriorating credit performance and declining recovery rates across securitized prime ... [Read More]

PAR promotes 2 executives who have more than 20 years with parent company

PAR executives for web
Friday, Aug. 19, 2022, 03:02 PM
SubPrime Auto Finance News Staff
PAR North America (PAR) promoted a pair of its executives on Thursday, rewarding them for being with KAR Global for more than 20 years combined. Taking on more responsibility for the business unit whose clients range from the largest banks, ... [Read More]

Credit tightens again in July as new-car prices soar to record high

Dealertrack-Credit-Availability-Index-August-2022 for web
Thursday, Aug. 18, 2022, 02:59 PM
SubPrime Auto Finance News Staff
​As Cox Automotive senior economist Charles Chesbrough noted, credit availability is one of the headwinds against used-vehicle retail sales. While still more available than this time last year, the Dealertrack Auto Credit Availability Index declined for the consecutive month in ... [Read More]

Protective Asset Protection recaps 60-year journey of F&I services

Protective screenshot for web
Wednesday, Aug. 17, 2022, 03:25 PM
SubPrime Auto Finance News Staff
Protective Asset Protection is celebrating 60 years of service this month as a provider of F&I products that help protect each vehicle investment while equipping dealers with the F&I products they need to instill confidence and trust in their customers. ... [Read More]

Credit Acceptance founder Don Foss passes away

Don Foss at 50th anniversary for web
Tuesday, Aug. 16, 2022, 02:17 PM
Nick Zulovich, Senior Editor
Credit Acceptance said late on Monday that founder Don Foss passed away on Sunday from complications arising from an aggressive form of cancer. He was surrounded by his family, according to the company announcement. Specializing in subprime auto financing, Credit ... [Read More]

SBA agrees with 4 industry associations to delay Safeguards Rule implementation

FTC building
Monday, Aug. 15, 2022, 04:04 PM
SubPrime Auto Finance News Staff
Now even another government agency thinks implementation of the enhanced Safeguards Rule from the Federal Trade Commission should be delayed. Recently, the Small Business Administration (SBA) Office of Advocacy delivered a letter to the FTC, echoing many of the points ... [Read More]

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