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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

AFSA maintains dialogue with CFPB over data rights rule reconsiderations even as momentum rises to shut down agency

Friday, Oct. 24, 2025, 12:03 PM
SubPrime Auto Finance News Staff
American Financial Services Association general counsel Philip Bohi still responded this week to more than 35 questions and provided comments about the Consumer Financial Protection Bureau’s Personal Financial Data Rights (PFDR) reconsideration effort. The association’s responses came after the bureau’s ... [Read More]

Resolvion starts ‘new era,’ putting Plascencia in charge of new division

Friday, Oct. 24, 2025, 10:55 AM
SubPrime Auto Finance News Staff
Resolvion created a new division this week to leverage the experience and expertise of executive vice president Claudia Plascencia, who has been with the company for nearly 12 years. The provider of asset recovery management solutions has launched a credit ... [Read More]

Weltman, Weinberg & Reis adds attorneys in Detroit & Pittsburgh

Wednesday, Oct. 22, 2025, 02:04 PM
SubPrime Auto Finance News Staff
Weltman, Weinberg & Reis hired two more attorneys this month, as the full-service creditors’ rights law firm bolstered its offices in Detroit and Pittsburgh. Joining the firm in the Motor City is Tyra Page, who was born and raised in ... [Read More]

LegalShield Consumer Stress Legal Index hits highest point in more than 5 years

Wednesday, Oct. 22, 2025, 11:30 AM
SubPrime Auto Finance News Staff
Almost 400,000 individuals have already filed for bankruptcy during the first three quarters of this year. And the newest LegalShield Consumer Stress Legal Index (CSLI) showed that trajectory might continue for the remainder of 2025 and beyond. Consumer legal stress ... [Read More]

Why experts are closely watching lower-income consumers in today’s economy

Revisiting topic of partial payments
Tuesday, Oct. 21, 2025, 10:32 AM
SubPrime Auto Finance News Staff
Experts are closely monitoring what’s happening with lower-income consumers, which are often served by subprime auto finance companies. New research from the Federal Reserve Bank of Philadelphia as well as Fitch Ratings’ expectations about asset-backed securities are two examples of ... [Read More]

Credit Acceptance shares another unscheduled update to address ‘select inquiries’

credit acceptance image for web
Monday, Oct. 20, 2025, 11:50 AM
Nick Zulovich, Senior Editor
For the second time in a little more than a month, Credit Acceptance filed a form 8-K with the Securities and Exchange Commission to respond to “select inquiries” that the subprime auto finance companies has received through Monday. The one ... [Read More]

Vervent reiterates that it’s servicing Tricolor loans

Friday, Oct. 17, 2025, 10:15 AM
SubPrime Auto Finance News Staff
Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing company is doing that as it’s been roughly three weeks after ... [Read More]

REPAY & Emotive partner for improved automotive loan payment acceptance & management

Friday, Oct. 17, 2025, 10:15 AM
Nick Zulovich
With collecting payments in the headlines nowadays, REPAY announced a new integration with Emotive Software this week. The companies highlighted auto finance companies can now take advantage of the combined functionality of REPAY’s convenient, automation-enabling payment technology and Emotive’s comprehensive ... [Read More]

TransUnion: ‘Credit washing is a silent disruptor’

Thursday, Oct. 16, 2025, 11:18 AM
Nick Zulovich
Washing your car, your dishes, even yourself, seems like a positive and prudent experience. However, credit washing — especially in auto finance — is making quite a mess for lenders, according to new analysis from TransUnion on Thursday. TransUnion said ... [Read More]

Sixth Street to acquire Global Lending Services

Wednesday, Oct. 15, 2025, 04:15 PM
SubPrime Auto Finance News Staff
Evidently the investment world isn’t completely sour on subprime auto financing despite what’s transpired in the industry segment recently. On Wednesday afternoon, Global Lending Services (GLS) announced it has entered into a definitive agreement to be acquired by Sixth Street, ... [Read More]

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