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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
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

Report: Value consumers get for GAP coverage continues to rise

amtrust graphic for web
Wednesday, Jan. 13, 2021, 03:59 PM
SubPrime Auto Finance News Staff
A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor. The AmTrust ... [Read More]

Remitter USA now has new CEO & VP of sales

remitter for web
Tuesday, Jan. 12, 2021, 04:21 PM
SubPrime Auto Finance News Staff
Remitter USA is beginning its journey through 2021 with revamped leadership, including a new chief executive officer and vice president of sales. Now overseeing the white-labeled digital communications platform powered by artificial intelligence that can help finance companies maximize revenue ... [Read More]

PPP restarts this week by SBA & Treasury

covid flag and cash
Monday, Jan. 11, 2021, 03:57 PM
SubPrime Auto Finance News Staff
This week’s restart of the Paycheck Protection Program (PPP) could benefit dealerships and finance companies directly if they choose to apply for and are granted loans through this federal program. Or PPP could provide a trickle-down effect for stores and ... [Read More]

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]

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