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This Month's Focus

Artificial Intelligence
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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

AutoPayPlus highlights series of technology, compliance & organizational advancements

Monday, Nov. 10, 2025, 11:42 AM
SubPrime Auto Finance News Staff
AutoPayPlus by US Equity Advantage, an automated financial concierge service, announced that it has achieved a series of technology, compliance, and organizational advancements designed to deliver greater efficiency, accuracy and security for its dealer partners. First, the company said it ... [Read More]

Open Lending unveils ApexOne Auto so lenders can review deeper pool of potential customers

Monday, Nov. 10, 2025, 11:34 AM
SubPrime Auto Finance News Staff
Last week, Open Lending Corp. announced the launch of ApexOne Auto, an advanced decisioning platform that expands the company’s capabilities to serve the full spectrum of auto-finance customers. The provider of automotive lending enablement and risk analytics solutions for financial ... [Read More]

Vitu bookends 2025 with acquisitions; this time of DDI Technology

Friday, Nov. 7, 2025, 09:59 AM
SubPrime Auto Finance News Staff
Vitu began the year by successfully closing its acquisition of the Dealertrack registration and titling businesses from Cox Automotive. And the innovator in vehicle-to-government (V2Gov) technology is rounding out the year with another acquisition. Vitu announced on Friday that it ... [Read More]

LCT’s Refund Control now aligns with new industry standards set by 3 associations

Friday, Nov. 7, 2025, 09:58 AM
SubPrime Auto Finance News Staff
Lender Compliance Technologies (LCT) said Thursday it secured “an important milestone for the industry” in connection with its Refund Control platform. The provider of a tool for managing voluntary protection product (VPP) cancellations and refunds announced that its platform fully ... [Read More]

2025 Repossession Agent of the Year: Phil Hanks of Connect 1 Recovery

Thursday, Nov. 6, 2025, 10:34 AM
Nick Zulovich, Senior Editor
Phil Hanks spent more than 17 years in corporate positions associated with the recovery industry. Much of that time was with Manheim, but Hanks also held leadership positions with Primeritus Financial Services and MBSi. Then in April 2013, Hanks established ... [Read More]

2025 Loss Mitigation Executive of the Year: Craig Paterson of GM Financial

Wednesday, Nov. 5, 2025, 02:23 PM
Nick Zulovich, Senior Editor
Auto loans and retail installment contracts are often referred to by industry executives as paper. When Craig Paterson began his career in automotive, many of the tasks he had to complete were done on paper, too. Much has changed in ... [Read More]

Lender executives & industry experts distill current status of subprime auto finance

subprime auto financing
Wednesday, Nov. 5, 2025, 10:48 AM
Nick Zulovich, Senior Editor
Suspicions are intensifying about the current health of auto finance, especially within the subprime space stemming from the bankruptcy filings of Tricolor Holdings and PrimaLend. For example, the first question from an investment analyst during Carvana’s quarterly conference call last ... [Read More]

How Protective plans to leverage past F&I acquisitions to make most of upcoming Portfolio addition

Tuesday, Nov. 4, 2025, 10:39 AM
Nick Zulovich, Senior Editor
Rick Kurtz, senior vice president and chief distribution officer for Protective Asset Protection, spent a few minutes with Cherokee Media Group on Thursday after the company entered into an agreement to acquire Portfolio Holding and its subsidiaries from Abry Partners. ... [Read More]

White Label Holding acquires National Auto Lenders

Monday, Nov. 3, 2025, 04:08 PM
SubPrime Auto Finance News Staff
Another auto-finance company specializing in the subprime space now has new ownership. White Label Holding, a U.S.-based financial group specializing in integrated automotive lending solutions, on Monday announced the full acquisition of National Auto Lenders, which is a non-prime auto ... [Read More]

NextGear Capital hires 3 new execs, unveils redesigned website

Monday, Nov. 3, 2025, 12:27 PM
SubPrime Auto Finance News Staff
In an effort “bring fresh energy, diverse perspectives and deep expertise to the organization,” NextGear Capital recently added three new members to its senior leadership team along with rolling out a revamped website. Executives joining the inventory finance company for ... [Read More]

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