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This Month's Focus

Artificial Intelligence
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Bain Survey: Few Companies Ready for Sustainability Rules (24%) Building on three-year partnership, Bain invests in OpenAI Deployment Company
Wednesday, May. 13, 2026, 12:13 PM
Bain & Company today announced an investment in the Deployment Company, a new venture launched by OpenAI with 19 global partners. According to a news release, the OpenAI Deployment Company is built to help businesses deploy artificial intelligence across their ... Read More
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
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

Intimate dialogue begins involving NAFCU and CFPB

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Wednesday, Dec. 12, 2018, 05:00 PM
SubPrime Auto Finance News Staff
In an age where so much communication now occurs via email or an even faster text message, a hand-delivered letter from an industry association quickly generated a phone call from the new director of the Consumer Financial Protection Bureau. That ... [Read More]

TransUnion sees subprime climb in 2019 but still below pre-recession level

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Wednesday, Dec. 12, 2018, 04:58 PM
SubPrime Auto Finance News Staff
TransUnion’s 2019 consumer credit forecast includes a projected rise in subprime financing as a part of all of auto financing originated next year.   However, the predicted rise still is expected to come in below the volume of subprime financing ... [Read More]

KAR consolidates management team of RDN and Clearplan

executive boardroom
Tuesday, Dec. 11, 2018, 04:29 PM
SubPrime Auto Finance News Staff
More details arrived on Tuesday from KAR Auction Services with regard to its presence in the repossession and recovery spaces. According to a news release, KAR announced a consolidated management team for its software as a service businesses Recovery Database ... [Read More]

FTC distributes settlement funds from California dealer group

Federal Trade Commission
Monday, Dec. 10, 2018, 03:14 PM
SubPrime Auto Finance News Staff
According to the newest update from the Federal Trade Commission, checks literally are in the mail for customers of a California dealer group that settled with the regulator last year. The FTC said it is mailing 43,456 checks totaling more ... [Read More]

Highly partisan path to CFPB director confirmation finally concludes

capitol hill
Friday, Dec. 7, 2018, 03:49 PM
Nick Zulovich, Senior Editor
Perhaps reflecting a process as difficult as getting vehicle financing finalized for a customer with too little monthly income and too much debt burden and negative equity, the nearly six-month, politically divided slog to confirm Kathy Kraninger as the next ... [Read More]

Primeritus Financial Services elevates McGinness to be first COO

job promotion
Friday, Dec. 7, 2018, 03:43 PM
SubPrime Auto Finance News Staff
The senior vice president of operations at Primeritus Financial Services now is the forwarding company’s first chief operating officer. The company announced on Friday that Chris McGinness has been appointed as COO effective immediately. As chief operating officer, Primeritus highlighted that ... [Read More]

Subprime originations at lowest point since 2007

subprime credit report
Thursday, Dec. 6, 2018, 03:59 PM
SubPrime Auto Finance News Staff
Not since the credit pinch triggered by the Great Recession have subprime originations been this low, giving finance companies a clear indication where in the cycle the industry currently sits. With the uptick in average credit scores for vehicle financing ... [Read More]

PODCAST: More details on KAR’s Clearplan purchase

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Wednesday, Dec. 5, 2018, 06:54 PM
SubPrime Auto Finance News Staff
KAR Auction Services announced two major purchases in November. In this conversation at Used Car Week, we talk with three folks involved in the first of those two: KAR's purchase of Clearplan, which was announced on Nov. 12.  Clearplan is ... [Read More]

Levison: Examining repo agent effort and costs in today’s environment

strategy picture
Wednesday, Dec. 5, 2018, 03:59 PM
Mike Levison, ALS Resolvion
The relentless drive to reduce repossession related costs while, at the same time meeting the demands/expectations of regulators, may be catching up with us. As one of the largest repossession management firms, we stay very close to the dynamics of ... [Read More]

Zurich North America products now part of F&I Express

latest news
Wednesday, Dec. 5, 2018, 03:28 PM
SubPrime Auto Finance News Staff
This week, F&I Express announced that it has added Zurich North America’s F&I products to its platform of digital solutions. The company highlighted the move can provide dealerships across the country with broader technology and innovation options for accessing Zurich’s ... [Read More]

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