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Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

CFPB smooths path for individuals to be part of rulemaking

CFPB building_3
Monday, Feb. 21, 2022, 04:07 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) wants to make it easier for individuals to have a say in how credit bureaus, auto finance companies and other providers of financial services are regulated by the agency. Last week, in an effort ... [Read More]

Hudson Cook welcomes 3 new attorneys

new hire 2
Friday, Feb. 18, 2022, 02:47 PM
SubPrime Auto Finance News Staff
About a month after elevating two of its current attorneys to be partners, Hudson Cook added to its portfolio legal expertise by welcoming a new partner and two new associates this week. Brought in to reinforce the firm’s litigation and ... [Read More]

Auto credit access expands in January, with depth of projected March rate rise ‘a coin toss’

dealertrack january chart for web
Thursday, Feb. 17, 2022, 04:49 PM
SubPrime Auto Finance News Staff
Access for all types of auto financing expanded in January, according to the newest Dealertrack Credit Availability Index. But change might be coming with the likelihood of interest rates rising, with one economist calling it a “coin toss” as to ... [Read More]

NAF Association names new executive director

latest news
Wednesday, Feb. 16, 2022, 04:41 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association now has its second-ever executive director. The NAF Association announced on Wednesday that Jennifer Martin will be its new executive director, succeeding Jack Tracey, who served in the position since the organization’s formation in 1996 ... [Read More]

Exeter Finance renews software agreement with Solifi

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Wednesday, Feb. 16, 2022, 04:19 PM
SubPrime Auto Finance News Staff
Exeter Finance first started to use software from Solifi — formerly known as IDS and White Clarke Group — nine years ago. And this week, the finance company that specializes in non-prime credit decided to continue the utilization. Solifi announced ... [Read More]

Edmunds: 8 out of 10 consumers paid above MSRP for new models in January

Wednesday, Feb. 16, 2022, 04:16 PM
Nick Zulovich
If an individual with a less than prime credit background still somehow secured financing for a new vehicle in January, there’s a notable possibility that the installment contract will be underwater for some time, based on record-breaking data Edmunds shared ... [Read More]

Edmunds: 8 out of 10 consumers paid above MSRP for new models in January

2023-Cadillac-LYRIQ for web
Wednesday, Feb. 16, 2022, 04:16 PM
SubPrime Auto Finance News Staff
If an individual with a less than prime credit background still somehow secured financing for a new vehicle in January, there’s a notable possibility that the installment contract will be underwater for some time, based on record-breaking data Edmunds shared ... [Read More]

Auto defaults now up for 7 straight months

january 2022 default chart for web
Tuesday, Feb. 15, 2022, 04:37 PM
Nick Zulovich, Senior Editor
Make it seven months in a row that analysts have spotted an uptick in auto defaults. And it’s also the longest upward streak in a decade. The auto portion of the S&P/Experian Consumer Credit Default Indices moved higher again in ... [Read More]

Top 20 cities that might contain most & least risk in your portfolio

top 20 picture
Monday, Feb. 14, 2022, 04:16 PM
SubPrime Auto Finance News Staff
WalletHub recently released its latest Auto Financing Report, compiling lists of what analysts classified as the Top 20 cities where consumers overspend on vehicles and where they spend the least. Perhaps managers and underwriters could review the lists and say ... [Read More]

Car Capital & RightWay partner to get more financing & deliveries completed

car capital rightway for web
Friday, Feb. 11, 2022, 03:55 PM
SubPrime Auto Finance News Staff
Car Capital not only is building its team of executives as well as its financial resources, the auto-finance technology company that strives to get any deal bought no matter the consumer credit background is cultivating its portfolio of dealer clients, ... [Read More]

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