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What might be next for Amazon Autos
Thursday, Jan. 15, 2026, 03:52 PM
Cherokee Media Group’s Bill Zadeits hosted a fireside chat with Fan Jin, global leader of Amazon Autos, during Used Car Week 2025. Their wide-ranging conversation about the past, present and future of the online platform and its involvement with automakers ... Listen Here
Auto-finance leaders on growth, risk & recovery
Thursday, Jan. 15, 2026, 03:07 PM
It’s a question any business must answer, but it’s especially important in auto finance. How do you balance growth and risk? A trio of industry executives — Mike Goins of TD Bank, Jeff Marsh of Millennium Capital and Recovery and ... Listen Here
Expectations for repossessions in the US & Canada with Purr’s Chris Schellenberger
Wednesday, Jan. 14, 2026, 07:48 PM
Purr founder and CEO Chris Schellenberger opened Used Car Week 2025 on the Live Stage presented by SYCN Auto Logistics. Schellenberger, whose unique business model offers a retail consignment platform for repossessed vehicles, discussed what the repo industry could be ... Listen Here

CPS elevates long-time executive to be COO

job promotion
Tuesday, Jul. 9, 2019, 09:28 PM
SubPrime Auto Finance News Staff
An executive who has been with Consumer Portfolio Services for nearly 18 years is now the subprime auto finance company’s chief operating officer. According to an announcement sent to SubPrime Auto Finance News on Tuesday, CPS promoted Michael Lavin to be ... [Read More]

PODCAST: Why subprime ‘pessimism’ might be merited

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Tuesday, Jul. 9, 2019, 02:28 PM
SubPrime Auto Finance News Staff
Davis & Gilbert partner Joseph Cioffi reiterated his position that subprime auto finance portfolio performance is expected to deteriorate soon. Cioffi first made that assertion through a 360-degree market study released by Credit Chronometer, a microsite he authors. Nick asked him to ... [Read More]

Servicing Solutions bolsters leadership team

new hire 2
Monday, Jul. 8, 2019, 03:11 PM
SubPrime Auto Finance News Staff
Servicing Solutions added an executive to its leadership team that management called, “one of the industry’s most respected rising stars.” The loan servicing organization specializing in primary and back-up servicing has hired Paul Marquez, an executive with more than 20 ... [Read More]

Platinum Auto Finance secures 2 sources of liquidity

money-stack
Monday, Jul. 8, 2019, 03:08 PM
SubPrime Auto Finance News Staff
Platinum Auto Finance is beginning the second half of 2019 with significantly more financial resources. The Clearwater, Fla.-based subprime auto finance company leveraged its relationship with Finitive, a financial technology platform providing institutional investors with direct access to alternative lending ... [Read More]

Protective Asset Protection unveils online videos to explain F&I product options

shop-online
Wednesday, Jul. 3, 2019, 04:02 AM
SubPrime Auto Finance News Staff
Protective Asset Protection is offering dealers another option for their presentation to vehicle buyers who might be considering products sold in the finance office. Just ahead of Fourth of July, the provider of F&I programs, services and dealer owned warranty ... [Read More]

PODCAST: Why alternative data is even more robust nowadays

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Tuesday, Jul. 2, 2019, 04:53 PM
SubPrime Auto Finance News Staff
Finance companies, especially ones that participate in the non-prime and subprime spaces, often gather as much information as possible during the underwriting process before a funding decision, making the potential of alternative data even more dramatic. George Coutros, the head of ... [Read More]

Millennium Capital and Recovery gains 2 achievements for data security and compliance

cloud computing
Tuesday, Jul. 2, 2019, 03:40 PM
SubPrime Auto Finance News Staff
Along with the Fourth of July, Millennium Capital and Recovery Corp., has more reasons to celebrate this week. The nationwide, full-service recovery management firm secured two recent achievements in connection with data security and compliance. According to a news release, ... [Read More]

Analysts explain why new & used APR edged lower in June

application
Tuesday, Jul. 2, 2019, 03:38 PM
Nick Zulovich, Senior Editor
It appears the annual percentage rate (APR) on new-vehicle financing edged a bit lower in June, but the movement might not be connected to actions by the Federal Reserve last month. Edmunds reported on Tuesday that the average interest rate ... [Read More]

Details about the ASAP Program from CPS

couple-buying-car
Monday, Jul. 1, 2019, 03:18 PM
SubPrime Auto Finance News Staff
No doubt, both dealerships and their customers want to know ASAP if an application will be approved and a retail installment contract will be bought by the finance company. Well, the newest initiative from Consumer Portfolio Services is using that exact ... [Read More]

FASB seeks to clarify 4 accounting issues over CECL changes

bar-chart
Monday, Jul. 1, 2019, 03:17 PM
SubPrime Auto Finance News Staff
The Financial Accounting Standards Board (FASB) looked to reinforce its position concerning the upcoming mandates placed on banks, credit unions and finance companies in connection with reserving for losses, emphasizing the changes can be implemented without incurring “significant costs.” Last ... [Read More]
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