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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
Industry Elite: Chuck Tapp of America’s Group
Friday, Mar. 20, 2026, 01:04 PM
Next up on our series with the inaugural Industry Elite: The C-Suite honorees is America’s Group CEO Chuck Tapp. In this episode, we revisit Tapp’s fireside chat with Cherokee Media Group president Bill Zadeits at Used Car Week 2025. They ... Listen Here
Industry Elite: Grace Huang of Cox Automotive
Thursday, Mar. 19, 2026, 04:49 PM
Kicking off our podcasts with the inaugural Industry Elite: The C-Suite honorees is a conversation with Grace Huang, president of Cox Automotive Inventory Solutions. Huang talks with Cherokee Media Group senior editor Joe Overby about her journey from business consultant ... Listen Here

Protective Asset Protection finalizes acquisition of Revolos to enhance F&I portfolio

merger and acqusition red greeen and white
Friday, Jan. 8, 2021, 02:37 PM
SubPrime Auto Finance News Staff
Here’s another update to start 2021 from our busy mergers and acquisitions desk. Protective Life Corp., overseer of Protective Asset Protection and a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, announced this week it completed the transaction to acquire ... [Read More]

DriveItAway joins effort to end ‘Poverty of the Carless’

driver-key
Thursday, Jan. 7, 2021, 07:29 PM
SubPrime Auto Finance News Staff
A 2019 study published in the Journal of Planning Education and Research examined how vehicle ownership and income are directly related to poverty, coining the term, “Poverty of the Carless.” During the past 60 years, the study indicated all advances ... [Read More]

Edmunds data shows widening gap between new and used financing metrics

auto financing
Thursday, Jan. 7, 2021, 04:40 PM
SubPrime Auto Finance News Staff
The financing metrics Edmunds compiled and shared this week might have reinforced why more budget-limited consumers likely made a used-vehicle purchase rather than going for a new model. According to Edmunds data, December financed new-car purchases represented the highest average ... [Read More]

Sonsio & Evolution by Dent Wizard complete merger of protection & warranty providers

sonsio for web
Wednesday, Jan. 6, 2021, 04:30 PM
SubPrime Auto Finance News Staff
The new year is opening with mergers coming to fruition. On the heels of a development involving First Investors Financial Services, Sonsio, a leading provider of vehicle protection and warranty programs to the automotive aftermarket, announced its merger with Evolution, ... [Read More]

About 100 recommendations surface from CFPB taskforce on consumer financial law

CFPB building
Wednesday, Jan. 6, 2021, 04:27 PM
SubPrime Auto Finance News Staff
A year-long project commissioned by the Consumer Financial Protection Bureau produced quite a rundown of suggestions for the regulator as well as state and federal lawmakers and agencies on how they could improve. The CFPB Taskforce on Federal Consumer Financial ... [Read More]

First Investors completes merger with 2 investment firms

merger and acquisition pic on table
Tuesday, Jan. 5, 2021, 04:33 PM
SubPrime Auto Finance News Staff
A merger Financial Services Group first revealed in October now is closed, according to an announcement on Tuesday. First Investors said the acquisition of the subprime auto finance company by funds affiliated with Gallatin Point Capital and minority investor Jacobs ... [Read More]

CFPB roundup: Bureau penalizes SCUSA over credit reporting

compliance pic
Monday, Jan. 4, 2021, 04:54 PM
SubPrime Auto Finance News Staff
It turned out to be an active holiday season at the Consumer Financial Protection Bureau. Along with naming two new staff members and reaching a consent order with a provider of personal loans, the CFPB also penalized Santander Consumer USA ... [Read More]

Westlake enters $400M facility & partners with NXCR for vehicle subscriptions

NXCR and Westlake for web
Friday, Dec. 18, 2020, 03:01 PM
SubPrime Auto Finance News Staff
Westlake Financial certainly appears to see immense value in the potential of subscriptions of used vehicles, saying that they might be at the development stage where leasing sat four decades ago. In fact, the company pegged that possible value at ... [Read More]

Fed reiterates push to keep credit flowing during pandemic

Jerome Powell in Dec 2020
Thursday, Dec. 17, 2020, 03:56 PM
Nick Zulovich, Senior Editor
Finance companies likely remember what happened during the Great Recession 12 years ago when the credit market seized up as bad a car engine without oil. The Federal Reserve reiterated the significant steps it’s taking to ensure finance companies have ... [Read More]

Kennedy, McCook & Altes on deck for upcoming ARA webinar

strategy picture
Tuesday, Dec. 15, 2020, 09:31 PM
SubPrime Auto Finance News Staff
Leaders of the American Recovery Association are looking to provide members with another vital information update before the year closes. ARA’s Dave Kennedy, Les McCook and Patrick Altes will be hosting an open industry webinar on Thursday to give their ... [Read More]

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