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Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
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

Primeritus names new chief executive

NEW CEO
Monday, Nov. 12, 2018, 03:32 PM
SubPrime Auto Finance News Staff
As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately.  Thomas succeeds Scott Peters in the position, who joined ... [Read More]

KAR ramps up recovery services with purchase of Clearplan

latest news_37
Monday, Nov. 12, 2018, 02:39 PM
SubPrime Auto Finance News Staff
KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan.  Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based ... [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...
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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...
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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...
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Fed keeps interest rates steady

interest rates
Friday, Nov. 9, 2018, 03:17 PM
SubPrime Auto Finance News Staff
There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for ... [Read More]

How Location Services is blending diverse backgrounds into one recovery team

strategy picture
Friday, Nov. 9, 2018, 02:29 PM
SubPrime Auto Finance News Staff
What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the ... [Read More]

Top 100 markets where millennials carry most auto debt

approve
Wednesday, Nov. 7, 2018, 09:15 PM
SubPrime Auto Finance News Staff
This week, LendingTree released its study on where millennials owe the most on their financed vehicles. And as they say, everything is bigger in Texas. The results, ranked by median balance, showed where millennials are the most and least burdened ... [Read More]

Consolidated Asset Recovery Systems and DRN enhance working relationship

fintech investment
Wednesday, Nov. 7, 2018, 04:55 PM
SubPrime Auto Finance News Staff
Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on ... [Read More]

AGORA unveils validation report for seasoned contracts

auto financing
Monday, Nov. 5, 2018, 05:04 PM
SubPrime Auto Finance News Staff
AGORA Data is responding to the need for accurate information involving seasoned vehicle installment contracts. On Monday, the secondary loan marketplace announced what that company believes is the release of the first-ever loan validation report for seasoned loans. AGORA’s proprietary ... [Read More]

Secure Collateral Management to leverage MBSi’s compliance management system

compliance pic
Monday, Nov. 5, 2018, 05:02 PM
SubPrime Auto Finance News Staff
Secure Collateral Management already announced the skip-tracing and collateral recovery provider was moving into a new headquarters. And then Monday, Secure Collateral Management and MBSi Corp. — a member of the Automotive Intelligence Council and provider of repossession assignment software ... [Read More]

New-model prices keep rising as average APR hits highest point in 9 years

bar-chart
Thursday, Nov. 1, 2018, 02:44 PM
SubPrime Auto Finance News Staff
Finance companies continue to fill and expand their portfolios, especially when buying paper attached to a new vehicle that’s becoming more difficult for consumers to afford as transaction prices and interest rates keep climbing. October data shared by Edmunds and ... [Read More]

ARA and TFA to host webinar to share plans for new association

latest news
Wednesday, Oct. 31, 2018, 03:39 PM
SubPrime Auto Finance News Staff
At the beginning of October, the American Recovery Association (ARA) and Time Finance Adjusters (TFA) announced plans to form one organization that would launch in January. During a free webinar, the two organizations will present more details of the new ... [Read More]

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