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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

Recommendations when collections departments contact third parties & references

collections
Wednesday, Jul. 20, 2022, 04:08 PM
SubPrime Auto Finance News Staff
Ignite Consulting Partners directed one of its recent tips of the week at collection departments and their staff. When touching on third parties and references, Ignite asked the question many collectors might, too. “What can you say and not say?” ... [Read More]

Veros Credit to open service center in Texas

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Wednesday, Jul. 20, 2022, 03:49 PM
SubPrime Auto Finance News Staff
Veros Credit said it still is enjoying exponential growth while navigating through today’s challenging macroeconomic landscape. To enrich its footprint in Texas, Veros Credit announced last week that it is slated to open a dealer and customer service center in ... [Read More]

CFPB reiterates position on repos & SCRA

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Wednesday, Jul. 20, 2022, 03:46 PM
SubPrime Auto Finance News Staff
A trio of officials from the Consumer Financial Protection Bureau reiterated their position about repossessions and Servicemembers Civil Relief Act (SCRA). Earlier this week, Patrick Brick, Ryan Kelly and Chris Kukla published a blog post on the bureau’s website recapping ... [Read More]

Auto defaults now sit 32 basis points higher than all-time low

experian-graph-1 for web
Tuesday, Jul. 19, 2022, 02:46 PM
SubPrime Auto Finance News Staff
Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices and Experian released ... [Read More]

CPS & UACC enhance financial flexibility

auto financing
Monday, Jul. 18, 2022, 03:44 PM
SubPrime Auto Finance News Staff
Consumer Portfolio Services (CPS) and United Auto Credit Corp. (UACC) each made moves to shore up their flexibility to book more paper. Beginning with CPS, the company announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and ... [Read More]

EFG Companies shares recommendations & second-half outlook

agreement-papers
Monday, Jul. 18, 2022, 03:41 PM
SubPrime Auto Finance News Staff
Dealerships and finance companies currently might be encountering unique circumstances, but EFG Companies recommends that they approach the current automotive retail and financing landscapes with a strategy that’s likely worked for decades. The provider of consumer protection programs for vehicles ... [Read More]

Protective unveils new professional training curriculum program for dealers & F&I staff

training
Friday, Jul. 15, 2022, 02:46 PM
SubPrime Auto Finance News Staff
Protective Asset Protection believes that professional development is crucial to the success of every dealership today. So, the provider of F&I programs and services announced this week that it has created new training opportunities for F&I professionals across the country. ... [Read More]

Dealertrack Credit Availability Index sags again from record high

dealertrack chart June 2022 for web
Thursday, Jul. 14, 2022, 02:48 PM
SubPrime Auto Finance News Staff
While declining now for two months in a row, Cox Automotive reiterated that the streak connected with the Dealertrack Credit Availability Index began with the measurement at its all-time high. A Cox Automotive Data Point distributed this week showed the ... [Read More]

CFPB ‘makes clear’ credit report usage under FCRA

CFPB building_3_0_0_0
Wednesday, Jul. 13, 2022, 03:36 PM
SubPrime Auto Finance News Staff
Last week, the Consumer Financial Protection Bureau (CFPB) turned its attention back to credit reports. The bureau said it issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose ... [Read More]

PODCAST: Recapping technology development & execution path with 2 insightLPR executives

podcast image
Wednesday, Jul. 13, 2022, 03:26 PM
SubPrime Auto Finance News Staff
How a piece of technology goes from an initial idea, through development to a product launch can be a winding path. John Nethery and Oscar Nunez shared their personal experiences on those past and present journeys for this episode of ... [Read More]

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