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This Month's Focus

Artificial Intelligence
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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
Inside the ‘architectural mismatch’ between AI capabilities & dealer needs
Monday, May. 11, 2026, 09:42 AM
A new survey report from Lotlinx asserts that in its current form, “AI is broken for dealers.” The company contends the era of “one-size-fits-all artificial intelligence” is over for auto dealers. The recent survey of 215 executives from both franchised ... Read More
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
Byron Oldham of Honest Autos & FIADA
Monday, Apr. 27, 2026, 07:47 PM
Byron Oldham is president of the family-owned Honest Autos dealership and is president of the board at the Florida Independent Automobile Dealers Association. In this episode, Oldham talks with Cherokee Media Group senior editor Joe Overby about the upcoming Southeast ... Listen Here
Automotive CFO-To-Go Kathi Kruse talks dealership finance, accounting in ‘lightning round’
Sunday, Apr. 19, 2026, 04:27 AM
Kathi Kruse, the Automotive CFO-To-Go who brings her financial expertise — born through years of experience as a dealership chief financial officer — to dealers needing help in that area, is back on the Auto Remarketing Podcast. In this episode, ... Listen Here

UPDATED: How the auto-finance sector is handling COVID-19

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Monday, Mar. 16, 2020, 06:09 PM
SubPrime Auto Finance News Staff
The auto-finance industry and related service providers are taking an array of steps to handle the implications of COVID-19. Cherokee Media Group reached out to several firms to collect updates. If your company would like its announcement to be added to ... [Read More]

Fed slashes interest rates amid COVID-19 impact

powell at hearing for web
Monday, Mar. 16, 2020, 01:58 PM
SubPrime Auto Finance News Staff
With circumstances changing so quickly, the Federal Reserve on Sunday afternoon cut interest rates to zero percent and announced it would purchase $700 billion in bonds and securities to help stabilize the financial system in light of COVID-19. Policymakers were ... [Read More]

ARA postpones annual convention, NARS 2020

NARS 2020 image for web
Friday, Mar. 13, 2020, 02:27 PM
SubPrime Auto Finance News Staff
Add the North American Repossessors Summit (NARS) to this list of industry events being forced to modify its schedule due to the increased risk associated with COVID-19. The American Recovery Association sent a message late on Thursday, saying the organization ... [Read More]

Ignite Consulting hosting free webinar focused on COVID-19 ramifications

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Friday, Mar. 13, 2020, 02:25 PM
SubPrime Auto Finance News Staff
UPDATE: A recorded version of this webinar is now available. With dealerships and finance companies facing an array of unknown variables connected with increased risk associated with COVID-19, Ignite Consulting Partners is hosting a free webinar to help managers navigate ... [Read More]

From the editor: Consolidation predictions continue to be accurate

nzulovich2
Wednesday, Mar. 11, 2020, 07:55 PM
Nick Zulovich, Senior Editor
Press releases arrive in the inboxes of us here at Cherokee Media Group throughout each business day. Most times, comments from executives contained in these releases focus on flowery language about the company’s newest product or executive. However, the opening ... [Read More]

PAR Repo 360 Advantage expands after successful pilot

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Wednesday, Mar. 11, 2020, 03:15 PM
SubPrime Auto Finance News Staff
After sharpening the solution for nearly a year, PAR North America is ready to broaden the availability of a service aimed at enhancing the wholesaling of repossessed vehicles. The KAR Global business unit on Tuesday announced the expansion of its ... [Read More]

White Clarke Group partners with Solutions by Text

young guy on phone 264416831
Wednesday, Mar. 11, 2020, 03:12 PM
SubPrime Auto Finance News Staff
White Clarke Group and Solutions by Text are now working together to provide a fast, more convenient means of regular communication among finance companies, dealerships and their customers. This week, the finance technology company and the automated SMS software provider ... [Read More]

Whistleblowers could land as much as $10M through new CFPB proposal

Kraninger picture for story
Wednesday, Mar. 11, 2020, 03:05 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau explained how it potentially could be quite monetarily worthwhile for someone to be a whistleblower. In fact, it could be as much as $10 million worthwhile in funds from the company found guilty of infractions ... [Read More]

5 factors expected to influence auto ABS in 2020

auto financing
Tuesday, Mar. 10, 2020, 02:43 PM
SubPrime Auto Finance News Staff
Along with reviewing some of its 2019 metrics connected with the subprime auto asset-backed securities market, Fitch Ratings shared the five factors that analysts anticipate to have an impact throughout the securitization market this year. Analysts described these five factors ... [Read More]

700Credit blends offerings into Advent DMS

approve
Monday, Mar. 9, 2020, 04:33 PM
SubPrime Auto Finance News Staff
Officials from 700Credit recently finalized another alliance to make their credit reports, compliance solutions and consumer pre-qualification products available to more dealerships. The latest relationship is with Advent Resources, which offers Advent DMS, a cloud-based platform for dealers. The companies ... [Read More]

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