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How agentic AI is impacting collections
Thursday, Feb. 5, 2026, 02:21 PM
Agentic AI is among the slew of topics being bandied about this week at NADA Show 2026 in Las Vegas. The subject also was discussed during Used Car Week 2025 in the same city. Used Car Week Hall of Famer ... Listen Here
The real cost of inaction when it comes to transport fraud
Thursday, Jan. 29, 2026, 03:30 PM
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More dialogue about current complexities of fleet management with David Prusinski of Vehicle Management Systems (VMS)
Thursday, Jan. 29, 2026, 03:30 PM
A limited number of qualified maintenance technicians. A robust mix of gasoline-, diesel- and electric-fueled vehicles. There’s no shortage of challenges for fleet managers nowadays. To help wade through the environment with valuable perspectives, David Prusinski, who is CEO of ... Listen Here

Experian: Prime paper continues to rise in used financing

money, crystal ball_787102489
Wednesday, Mar. 4, 2020, 04:48 PM
SubPrime Auto Finance News Staff
Experienced dealership managers and finance company executives might remember a juncture when subprime permeated much of used-vehicle financing. People with softer credit profiles opted for less-expensive used vehicles with a contract they could manage and risk that the provider deemed ... [Read More]

UPDATED: Impact surprise Fed rate cut could leave on auto financing

Powell surprise cut for web
Tuesday, Mar. 3, 2020, 08:48 PM
Nick Zulovich, Senior Editor
The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak, so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% ... [Read More]

February average ARPs remain stable as retail prices climb again

auto financing
Tuesday, Mar. 3, 2020, 04:44 PM
SubPrime Auto Finance News Staff
As purchase preferences continue to skew toward SUVs and trucks, pushing average prices higher, Edmunds noticed what those buyers are being charged to finance that acquisition remained stable in February. Edmunds reported on Tuesday the average interest rate for new-vehicle ... [Read More]

Two former NY Hyundai store managers indicted for elaborate $1.5M fraud scheme involving Chase

fraud magnifying glass
Monday, Mar. 2, 2020, 03:39 PM
SubPrime Auto Finance News Staff
New York authorities recently indicted a pair of former managers at an Empire State Hyundai dealership, alleging they defrauded the franchised store and JPMorgan Chase of more than $1.5 million. Westchester County District Attorney Anthony Scarpino Jr. announced that James Castellano ... [Read More]

New York AG: Automotive ranks third in 2019 consumer complaints

news pic
Monday, Mar. 2, 2020, 03:35 PM
SubPrime Auto Finance News Staff
New York Attorney General Letitia James opened National Consumer Protection Week on Monday by releasing the list of top 10 consumer fraud complaints received by her office in 2019. Automotive complaints didn’t top the list, the attorney general indicated issues ... [Read More]

New Digital Air Strike tool leverages credit data to pinpoint best vehicle for potential buyer

cars in showroom
Friday, Feb. 28, 2020, 03:44 PM
SubPrime Auto Finance News Staff
Digital Air Strike rolled out two new tools earlier this month, one specifically aimed at shortening the time of vehicle delivery when financing is involved. After 10 years of monitoring and managing consumer sentiment, Digital Air Strike said it has ... [Read More]

Carleton addresses 3 questions connected with financing and Leap Year

leap year for website
Friday, Feb. 28, 2020, 03:43 PM
SubPrime Auto Finance News Staff
Friday is Feb. 28, but it’s not the last day of February as 2020 is a Leap Year, adding an extra day in the second month of the year. To help finance companies consider an array of potential issues stemming from this ... [Read More]

UPDATED: NADA, NIADA & AFSA cheer DOD’s decision involving Military Lending Act and GAP

military photo credit Glynnis Jones Shutterstock shutterstock_587503802_0
Thursday, Feb. 27, 2020, 07:24 PM
SubPrime Auto Finance News Staff
Dealerships and finance companies now again can cater to servicemembers and their families just like any other civilian customers who finance a vehicle purchase. According to a news release distributed on Thursday afternoon, the U.S. Department of Defense has granted ... [Read More]

Top 25 cities financing oldest used vehicles

top 25 image
Thursday, Feb. 27, 2020, 03:42 PM
SubPrime Auto Finance News Staff
In its newest study of used-vehicle sales, LendingTree analyzed more than 600,000 auto-finance queries from prospective contract holders in the top 100 U.S. metro areas based on population. Analysts found the city with residents financing the oldest used vehicle on average ... [Read More]

DealerSocket revamped financing menu fueled by F&I Express integration

PrecisePrice for web
Wednesday, Feb. 26, 2020, 04:45 PM
SubPrime Auto Finance News Staff
A refreshed F&I menu was part of the newest innovations rolled out by DealerSocket at the 2020 NADA Show. That menu is connected with DealerSocket’s PrecisePrice digital retail solution and stems from an integration with F&I Express and its Express ... [Read More]

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