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This Month's Focus

Artificial Intelligence
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S&P Global Ratings ponders if Anthropic’s Mythos is ‘inflection point’ or ‘evolution’ of AI
Wednesday, May. 27, 2026, 09:20 AM
At the beginning of May, Federal Reserve vice chair Michelle Bowman acknowledged that Anthropic’s Mythos — an artificial intelligence model that identifies cyber vulnerabilities — created a significant stir in banking. This week, S&P Global Ratings released a report examining ... Read More
Kia Georgia leverages AI drones to save money and time on onerous fence patrols
Tuesday, May. 26, 2026, 03:02 PM
A 14.2-mile interior fence. Tough terrain. Multiple security personnel. Two or three vehicles churned from wear and tear annually. A looming United States Customs Trade Partnership Against Terrorism (CTPAT) audit in jeopardy. These were the challenges Kia Georgia faced because ... Read More
Impel, Phyron launch AI systems to drive customer engagement through dealership video
Thursday, May. 21, 2026, 02:34 PM
When it comes to capturing customer engagement, video is king. But the busy world of a car dealership isn’t necessarily the best environment for consistently creating effective video content. “Video sells. We’ve known that for years,” said Paul Hepp, director ... Read More
TransUnion on intriguing trends involving used cars sold in 2025
Tuesday, May. 26, 2026, 06:42 PM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During previous events hosted by Cherokee Media Group, TJ ... Listen Here
Experian Automotive on using data the right way to protect used-car profits
Friday, May. 22, 2026, 10:50 AM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During a candid conversation with Cherokee Media Group’s Andrew ... Listen Here
Closing the appraisal divide with Brad Kokesh of TraXtion
Friday, May. 22, 2026, 10:38 AM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here

Top 10 states where rates on auto financing are rising most

NextGear Capital
Thursday, Oct. 9, 2025, 11:46 AM
SubPrime Auto Finance News Staff
For individuals residing in Wyoming, they’re having to “cowboy up” for their auto financing, according to new research shared on Thursday by WalletHub. WalletHub recently reported average interest rates on auto loans aren’t rising evenly across the country. To identify ... [Read More]

Bell & Williams taps RISC for compliance monitoring

Wednesday, Oct. 8, 2025, 01:27 PM
SubPrime Auto Finance News Staff
According to a post on social media, Bell & Williams Associates has selected Recovery Industry Services Co. (RISC) as its exclusive partner for third-party recovery agent compliance monitoring. In a move that was effective Oct. 1, RISC will manage all ... [Read More]

Carputty launches Flexloan in partnership with Westlake to reach more non-prime consumers

Wednesday, Oct. 8, 2025, 11:28 AM
SubPrime Auto Finance News Staff
On Tuesday, Carputty announced the launch of Flexloan, a new product that the fintech company said “significantly expands” the namesake’s addressable market. In partnership with Westlake Direct, a division of Westlake Financial, Carputty has introduced Flexloan, which is a product ... [Read More]

Experts from Davis+Gilbert and McDonald Hopkins offer more analysis of Tricolor bankruptcy impact

Wednesday, Oct. 8, 2025, 11:27 AM
Nick Zulovich, Senior Editor
Experts are still trying to project how the dramatic bankruptcy filing by Tricolor Holdings is going to impact subprime auto finance for the remainder of the year and beyond. Legal practitioners from Davis+Gilbert and McDonald Hopkins each recently offered perspectives, ... [Read More]

AFSA urges CFPB to rescind larger participants rule for vehicle finance

CFPB building
Monday, Oct. 6, 2025, 11:58 AM
SubPrime Auto Finance News Staff
American Financial Services Association general counsel Philip Bohi recently submitted a comment letter in response to the Consumer Financial Protection Bureau’s advance notice of proposed rulemaking (ANPR) on supervision of vehicle finance companies. AFSA recapped that the CFPB is allowed ... [Read More]

PODCAST: Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance

Friday, Oct. 3, 2025, 10:52 AM
SubPrime Auto Finance News Staff
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... [Read More]

4 components of Protective Asset Protection’s revamped appearance coverage

Friday, Oct. 3, 2025, 10:51 AM
SubPrime Auto Finance News Staff
Sometimes a vehicle’s paint needs a touchup. That’s what Protective Asset Protection did with one of its F&I offerings. This week, Protection Asset Protection refreshed its paint and fabric product, which is now called Appearance Protection The company highlighted this ... [Read More]

Arra Finance moves into next stage of business growth with new credit from Goldman Sachs

Friday, Oct. 3, 2025, 10:50 AM
SubPrime Auto Finance News Staff
While reiterating that it has finalized its acquisition of the auto finance division of Crescent Bank, Arra Finance also announced this week that it has increased its funding capital sources. With the completion of these key business developments, Arra Finance ... [Read More]

Edmunds: Used-car buyers committing to $1,000 monthly payments at new record

Thursday, Oct. 2, 2025, 10:07 AM
SubPrime Auto Finance News Staff
Edmunds reported the number of consumers who committed to a monthly payment of $1,000 or more when financing a used or new vehicle during the third quarter continues to be high, with a new record surfacing among used vehicles. According ... [Read More]

Cornerstone Advisors research on what subprime & near-prime consumers want from banks & credit unions

Wednesday, Oct. 1, 2025, 11:41 AM
SubPrime Auto Finance News Staff
New research from Cornerstone Advisors showed a path that could benefit banks and credit unions and consumers with subprime or near-prime credit scores. The provider of business and technology consulting services for banks, credit unions, and fintech firms estimated that ... [Read More]

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