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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

CTO and CMO of Credit Acceptance to resign with another former T-Mobile exec set to join team

Nick Zulovich
Credit Acceptance announced departures of two more high-ranking executives on Monday morning, saying the “leadership changes (are) designed to advance our digital-first strategy and position the company for long-term success.” The subprime auto finance company first revealed late Friday afternoon ... [Read More]

AFIP/ADCO & Privacy4Cars partner to help dealers address vehicle data privacy compliance gaps

SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) and the Association of Dealership Compliance Officers (ADCO) found another unique way to help dealership compliance officers, F&I professionals, and other store leadership. AFIP and ADCO announced a new promotional partnership with ... [Read More]

Vervent releases own case study recapping complex journey to become servicing successor for Tricolor Holdings

Nick Zulovich
This likely won’t be the last case study completed in connection with the Chapter 7 bankruptcy of Tricolor Holdings, which triggered federal charges against the company’s CEO and a rippling throughout subprime auto finance. This week, Vervent released its own case ... [Read More]

TransUnion: Fraudsters now create larger auto-loan losses from fewer incidents

SubPrime Auto Finance News Staff
When the industry might have thought it made notable progress curbing fraud, new TransUnion analysis released on Thursday showed auto-loan fraud losses have more than tripled in key categories. TransUnion explained its latest findings capture a fraud environment impacting dealerships ... [Read More]

Booth completes departure from Credit Acceptance, resigning from board

SubPrime Auto Finance News Staff
In October, Credit Acceptance announced a leadership transition of CEO Kenneth Booth into retirement while he remained on the board of the subprime auto finance company. On Wednesday, Credit Acceptance revealed in a filing with the Securities and Exchange Commission ... [Read More]

COMMENTARY: The Blockbuster lesson — disruption, experience, and the future of the receivables industry

Details of upcoming repossession webinars from ARA & Weltman
Ofer Alon, Nexa Optimum Solutions
The receivables industry stands at a strategic inflection point comparable to the one that ended Blockbuster. Applying C.M. Christensen’s theory of disruptive innovation, this article argues that large incumbents systematically abandon economically viable debt segments — not through poor management, ... [Read More]

AFSA appears on Capitol Hill to push proposal to regulate debt-settlement companies

SubPrime Auto Finance News Staff
Imagine a contract holder in your auto-finance portfolio who is current on their monthly payments suddenly stops paying because they took questionable recommendations from an influencer on social media. It’s becoming a common situation, which is why the American Financial ... [Read More]

Gas prices & inflation continue to drag on the car business

Nick Zulovich, Senior Editor
A drag on the car business and overall economy is intensifying again. AAA reported Tuesday that the average price of a gallon of gasoline in the U.S. ticked above $4, rising 15 cents in the past week. “With renewed hostilities ... [Read More]

LendingTree spots states with most and least consumers carrying $1,000 car payments

SubPrime Auto Finance News Staff
It may now seem farfetched, but there really was a time when some consumers only used $1,000 a month to cover rent, car payment and other expenses. New LendingTree research showed that $1,000 now is enough only for some vehicle-loan ... [Read More]

Acting CFPB director defends changes to ‘out-of-control’ agency during Congressional hearings

SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau acting director Russell Vought gave the same opening statement during separate hearing this week hosted by the U.S. House Committee on Financial Services and the U.S. Senate Banking Committee. As part of the bureau’s semi-annual report ... [Read More]

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