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Ted Berlovich of Clutch

Monday, Jun. 29, 2026, 03:44 PM

Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Moiz Khan of Driveline Technologies

Monday, Jun. 29, 2026, 03:29 PM

During Canada’s Used Car Week, Auto Remarketing Canada senior editor Joe Overby caught up with Moiz Khan, co-founder of Driveline Technologies, to talk about the company, its growth and how it is addressing real challenges facing the automotive industry. Stay ... Listen Here

United Car Dealers Association Leaders Join CUCW Live Stage

Thursday, Jun. 25, 2026, 07:09 PM

Next up on our series of Auto Remarketing Podcast episodes from Live Stage at Canada’s Used Car Week is a conversation with United Car Dealers Association leaders Jim Hamilton, Christy Fines and John Tangreda. They talk with Cherokee Media Group ... Listen Here

Nicholas Financial back to profitability after ‘transitional year’

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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

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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]

defi SOLUTIONS, Sagent Auto sign merger agreement

latest news

Tuesday, Aug. 6, 2019, 06:30 PM

SubPrime Auto Finance News Staff

At the beginning of last year, loan origination system (LOS) provider defi SOLUTIONS announced it has raised $55 million in a Series C investment from Bain Capital Ventures. Then last September, Fiserv Lending Solutions announced the launch of its new ... [Read More]

S&P Global Ratings explains why risk within prime ABS is intensifying

red arrow graphic

Tuesday, Aug. 6, 2019, 02:36 PM

SubPrime Auto Finance News Staff

Typically, the most risk in auto loan asset-backed securities (ABS) resides in the subprime space stemming from the lower credit tiers connected to that paper. Well, S&P Global Ratings is seeing risk grow within prime ABS, too. Because finance companies are ... [Read More]

DealerPeak unveils Max Desk for soft credit pulls and more

dealer

Monday, Aug. 5, 2019, 04:06 PM

SubPrime Auto Finance News Staff

With potential buyers walking into the dealerships with smartphones and the ability to find information, DealerPeak’s Desk Max is looking to equip store personnel with a tablet-driven tool to generate vital data stemming from soft credit pulls, potential monthly payment ... [Read More]

LexisNexis Risk Solutions spots ‘silent subprime consumers’

subprime credit report

Monday, Aug. 5, 2019, 04:03 PM

SubPrime Auto Finance News Staff

As finance companies know, critical data on tax liens and civil judgments is no longer included as part of the standard consumer credit report issued from all three major credit bureaus; a move that became effective last April. LexisNexis Risk ... [Read More]

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