Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here
Industry Elite: Chuck Tapp of America’s Group
Friday, Mar. 20, 2026, 01:04 PM
Next up on our series with the inaugural Industry Elite: The C-Suite honorees is America’s Group CEO Chuck Tapp. In this episode, we revisit Tapp’s fireside chat with Cherokee Media Group president Bill Zadeits at Used Car Week 2025. They ... Listen Here
Industry Elite: Grace Huang of Cox Automotive
Thursday, Mar. 19, 2026, 04:49 PM
Kicking off our podcasts with the inaugural Industry Elite: The C-Suite honorees is a conversation with Grace Huang, president of Cox Automotive Inventory Solutions. Huang talks with Cherokee Media Group senior editor Joe Overby about her journey from business consultant ... Listen Here

ARA & Harding Brooks collaborate to offer workers’ compensation

compliance
Tuesday, Aug. 13, 2019, 08:53 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) and the Harding Brooks Insurance Agency previously collaborated on a health-insurance program for members. This week, the partnership evolved into another benefit for compliant members — preferred pricing for workers’ compensation. “ARA is dedicated to ... [Read More]

Court orders notifications to begin involving Wells Fargo insurance settlement

auto-auction
Tuesday, Aug. 13, 2019, 08:50 PM
SubPrime Auto Finance News Staff
The United States District Court for the Central District of California announced on Monday that a notification program began this week as ordered by the court to alert consumers about a proposed class action settlement to remediate auto finance customers ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

Turn Service Visits Into Sales Growth: A GM’s Checklist

Your service drive is filled with loyal customers who trust your dealership and are physically in your store, yet most...
Read More

The Dealer’s Guide to Smarter GPS Tracking

A Buyer’s Guide for Independent Dealer, BHPH, and Auto Finance Leaders Reducing Risk, Unlocking Opportunity Independent dealers and finance companies...
Read More

Used Car Turn Vendor Management Checklist

Vehicles touch multiple vendors before they ever hit the lot, and when approvals, communication, and invoices are scattered, delays are...
Read More

ALS Resolvion finalizes integration with RDN agent platform

cloud computing
Tuesday, Aug. 13, 2019, 08:48 PM
SubPrime Auto Finance News Staff
About a month after rolling out its “mobile only” policy, ALS Resolvion announced this week that the skip-tracing and repossession management firm completed the integration between its proprietary operating system (Wombat) into the forwarder platform fueled by Recovery Database Network ... [Read More]

KBRA reports cyclical non-prime auto ABS performance in July

bar-chart
Tuesday, Aug. 13, 2019, 03:46 PM
SubPrime Auto Finance News Staff
If your non-prime portfolio performance is experiencing some cyclical turbulence this summer, it appears you might not be alone. This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for July, reporting on delinquency roll rates from asset-level ... [Read More]

Nicholas Financial back to profitability after ‘transitional year’

strategy picture
Monday, Aug. 12, 2019, 03:55 PM
SubPrime Auto Finance News Staff
Coming off of what the president and chief executive officer described as a “transitional year,” Nicholas Financial opened its 2020 fiscal year with positive net income after finishing its 2019 fiscal year with a loss. The publicly-traded specialty consumer finance ... [Read More]

Former Arizona dealer employee arrested on fraud charge

fraud prevention
Monday, Aug. 12, 2019, 03:54 PM
SubPrime Auto Finance News Staff
Another fraud incident recently surfaced involving two dealerships with the investigation spreading into two states. The Arizona Department of Transportation’s Office of Inspector General made an arrest following an investigation that revealed a Nissan dealership employee stole a customer’s identity ... [Read More]

DOJ secures 10-year prison sentence for orchestrator of luxury-vehicle Ponzi scheme

DOJ picture
Friday, Aug. 9, 2019, 02:43 PM
SubPrime Auto Finance News Staff
This week, a judge sentenced a Wisconsin man to more than 10 years in prison after the Justice Department secured an indictment earlier this summer in connection with the orchestration of a Ponzi scheme that included the fraudulent financing and ... [Read More]

SCRA violations cost NMAC nearly $3M

legal analysis
Thursday, Aug. 8, 2019, 08:29 PM
SubPrime Auto Finance News Staff
Repossession of 113 vehicles and violations of vehicle-lease mandates are going to cost Nissan Motor Acceptance Corp. (NMAC) nearly $3 million. The Department of Justice recently announced that NMAC has agreed to pay almost $3 million to resolve allegations that ... [Read More]

SNAAC to wind down operations, liquidate portfolio

news pic
Wednesday, Aug. 7, 2019, 08:51 PM
SubPrime Auto Finance News Staff
A little more than three years after announcing an aggressive growth plan based on a strategy to add a significant number of dealership customers throughout the United States, Security National Automotive Acceptance Company (SNAAC) is departing the auto-finance business. A ... [Read More]

Experian and Oliver Wyman roll out tool for CECL forecasting

bar-chart
Wednesday, Aug. 7, 2019, 03:54 PM
SubPrime Auto Finance News Staff
While mandated implementation might be delayed, Experian and Oliver Wyman are still looking to help auto finance companies meet the initial set of deadlines for the Financial Accounting Standards Board’s current expected credit loss (CECL) model via a new solution ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X