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This Month's Focus

Artificial Intelligence
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EY study shows Canadians still cautious about AI but using it more for everyday activities
Monday, May. 11, 2026, 03:00 PM
This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More
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
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
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

North State Acceptance acquires portfolio from ‘premier’ specialty finance company

Monday, Sep. 8, 2025, 10:47 AM
SubPrime Auto Finance News Staff
A regional subprime auto finance company in the Southeast became a little bigger last week. North State Acceptance, a portfolio company of Fourshore Partners, announced a portfolio acquisition from an unnamed lender but one classified as a “premier” specialty finance ... [Read More]

AFSA looking for stability as Senate considers Fed governor nomination

Monday, Sep. 8, 2025, 10:47 AM
SubPrime Auto Finance News Staff
The American Financial Services Association is hoping the latest round of bluster on Capitol Hill quells soon, so the Federal Reserve can stay focused on its purpose of setting interest rates. AFSA shared its views in a blog post last ... [Read More]

Jericho Information Technology names Beard as chief revenue officer

Friday, Sep. 5, 2025, 10:08 AM
SubPrime Auto Finance News Staff
Brice Beard has worked inside finance companies as well as industry vendors. And now Beard is bringing three decades of experience within those segments to Jericho Information Technology, which named him chief revenue officer. During the first half of his ... [Read More]

TurboPass now offers 90-day banking report option for users

Friday, Sep. 5, 2025, 10:05 AM
SubPrime Auto Finance News Staff
TurboPass acknowledged some dealerships and auto-finance companies prefer to examine stipulations and other underwriting documents through the prism of a 90-day window. So this week, the financial technology software company that provides automation, SaaS, and cloud-based solutions for automotive dealerships, ... [Read More]

Carleton survey shows depth of loan calculation errors, compliance strains & resource burdens

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Thursday, Sep. 4, 2025, 10:40 AM
SubPrime Auto Finance News Staff
Sarah Milovich, who is general counsel and vice president of compliance with Carleton, recently cautioned lenders that when loan calculators do not function properly “they are ticking time bombs of compliance risk.” Carleton followed up on Milovich’s assertions in her ... [Read More]

Desert Financial Credit Union chooses MBSi for case management

Wednesday, Sep. 3, 2025, 01:11 PM
SubPrime Auto Finance News Staff
MBSi announced this week that Desert Financial Credit Union has selected MBSi’s RecoveryConnect platform as its exclusive case management system. With this partnership, MBSi said Desert Financial gains a modern, flexible, user-friendly platform, as well as a trusted partner dedicated ... [Read More]

Lobel Financial hires Holgate as president

Wednesday, Sep. 3, 2025, 11:48 AM
SubPrime Auto Finance News Staff
Bringing 25 years of industry experience, Lobel Financial announced via social media on Tuesday that Tom Holgate is now president of the finance company founded in 1977. While Holgate’s professional career doesn’t date back quite that far, his profile on ... [Read More]

NextGear Capital reaches multiple milestones associated with audit transformation

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Wednesday, Sep. 3, 2025, 11:48 AM
SubPrime Auto Finance News Staff
Saying “it’s by no means the finish line,” NextGear Capital recently hit notable numbers in its service as an inventory finance company for independent dealers. On Tuesday, the company said it surpassed 50% adoption of its self-audit feature in its ... [Read More]

Car-purchasing plans rise in August amid Fed turmoil & slightly sagging consumer confidence

Tuesday, Sep. 2, 2025, 10:42 AM
Nick Zulovich, Senior Editor
With turmoil at the Federal Reserve getting as intense as ever, perhaps dealerships and finance companies can focus on one part of the newest Consumer Confidence Index from the Conference Board. While the overall reading and other parts of the ... [Read More]

Experian watches banks recapture top auto-finance market share spot in Q2

Thursday, Aug. 28, 2025, 10:52 AM
SubPrime Auto Finance News Staff
Experian’s State of the Automotive Finance Market Report: Q2 2025 showed that perhaps banks not making many underwriting adjustments in the auto-finance department during the second quarter was shrewd strategy. Experian reported banks returned as the largest lender for total ... [Read More]

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