As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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From the editor: 20 honorees among 2025 Women in Collections and Recoveries
Wednesday, Mar. 5, 2025, 01:50 PM
Nick Zulovich, Senior Editor
Cherokee Media Group is proud to recognize this year’s Women in Collections and Recoveries, presented by American Recovery Service. We were privileged to receive a record number of nominations for this program, leading to 20 industry leaders being recognized. The ... [Read More]
MBSi unveils new tool to automatically verify lienholder changes to avoid wrongful repossessions
Wednesday, Mar. 5, 2025, 09:39 AM
SubPrime Auto Finance News Staff
With wrongful repossessions costing finance companies and forwarders up to an estimated $1 million annually, MBSi has introduced a solution which significantly reduces lien lost risk and associated costs. MBSi highlighted on Tuesday that Lien Verification is a new product ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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Former Corpay, Primeritus exec now COO of Resolvion
Wednesday, Mar. 5, 2025, 09:38 AM
SubPrime Auto Finance News Staff
Resolvion has a new chief operating officer. On Tuesday, the repossession management company announced that it has appointed Darren Stavely as its COO. With more than 20 years of experience in operations, finance, and customer service, Resolvion highlighted that Stavely ... [Read More]
Hoffman becomes president of APCO Holdings
Tuesday, Mar. 4, 2025, 10:14 AM
SubPrime Auto Finance News Staff
APCO Holdings named Courtney Hoffman as its president on Tuesday. The provider of F&I products — and home to the EasyCare, GWC Warranty, Crystal Fusion and Rider’s Advantage brands — said Hoffman will also continue leading the revenue channel and ... [Read More]
Report: 70% of consumers plan to buy a car within next 2 years
Monday, Mar. 3, 2025, 10:16 AM
SubPrime Auto Finance News Staff
If your finance company chooses to book contracts with near- and non-prime consumers, you’re likely to have a notable pool of potential customers in the next 24 months. According to the 2025 Vehicle Accessibility Report from Open Lending, 70% of ... [Read More]
CFPB director nominee shares plan to reshape bureau during Senate hearing
Friday, Feb. 28, 2025, 10:05 AM
SubPrime Auto Finance News Staff
The Senate Banking Committee hosted a two-hour hearing on Thursday to question the nominee to be director of the Consumer Financial Protection Bureau, along with nominees to be the Under Secretary of Commerce, chairman of the Council of Economic Advisors ... [Read More]
15 credit unions and banks receive Economic Vehicle Accessibility Awards from Open Lending
Thursday, Feb. 27, 2025, 10:38 AM
SubPrime Auto Finance News Staff
This week, Open Lending announced the 2024 winners of its second annual Economic Vehicle Accessibility Awards (EVAAs). The winning banks and credit unions are Open Lending partners that drive vehicle access through financing opportunities for creditworthy near- and non-prime borrowers. ... [Read More]
ARA about to close voting for 9 industry awards
Wednesday, Feb. 26, 2025, 01:52 PM
SubPrime Auto Finance News Staff
The American Recovery Association is in the closing days of accepting votes for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather votes through Friday for the accolades, which will be announced ... [Read More]
Agora Data delves into powersports sector with $12M transaction
Wednesday, Feb. 26, 2025, 11:02 AM
SubPrime Auto Finance News Staff
Agora Data is now in the powersports business. The consumer fintech company specializing in advanced capital solutions and AI-driven loan performance analytics, has completed a $12 million transaction providing liquidity for Model Finance, a powersports finance company. This move represents ... [Read More]
New AVP set to join NextGear, which eyes notable growth this year
Wednesday, Feb. 26, 2025, 11:01 AM
SubPrime Auto Finance News Staff
NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations ... [Read More]
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