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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

3 states post 60-day delinquency rate above 1 percent in Q2

car
Wednesday, Sep. 5, 2018, 04:02 PM
SubPrime Auto Finance News Staff
Only three states posted 60-day delinquency rates above 1 percent during the second quarter, according to Experian’s State of the Automotive Finance Market report. Overall, analysts found that 60-day delinquencies dropped by 3 basis points year-over-year, settling at 0.64 percent ... [Read More]

14 AGs implore CFPB to enforce Equal Credit Opportunity Act

compliance
Wednesday, Sep. 5, 2018, 03:54 PM
SubPrime Auto Finance News Staff
Attorneys general are continuing to implore the Consumer Financial Protection Bureau to be an aggressive regulator. Through a letter delivered on Wednesday, New York attorney general Barbara Underwood — part of a coalition of 14 AGs — called on the ... [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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Equifax rolls out tool to help with CECL compliance

bar-chart
Wednesday, Sep. 5, 2018, 03:53 PM
SubPrime Auto Finance News Staff
Equifax is looking to help banks navigate one of the most complicated accounting changes ever instituted. On Wednesday, Equifax unveiled its SmartReserve offering to help banks and financial institutions registered with the Securities and Exchange Commission meet the new Current Expected ... [Read More]

Edmunds spots upticks in August used-vehicle financing metrics

approve
Tuesday, Sep. 4, 2018, 02:33 PM
SubPrime Auto Finance News Staff
While trends involving zero percent finance deals for new vehicles intrigued analysts, Edmunds also noticed jumps in annual percentage rate (APR) and down payments to get used vehicles delivered in August. According to data shared on Tuesday, Edmunds determined that ... [Read More]

Westlake celebrates 30 years of auto financing

30 anniversary
Friday, Aug. 31, 2018, 02:06 PM
SubPrime Auto Finance News Staff
Back in 1988, a gallon of gas cost less than a dollar, and birds did all of the tweeting. Now with fuel much more expensive and tweeting having an entirely different connotation, Westlake Financial Services is celebrating, having reached 30 ... [Read More]

Spireon highlights 7 achievements from first half of 2018

business excellence
Friday, Aug. 31, 2018, 02:04 PM
SubPrime Auto Finance News Staff
As summertime unofficially winds down, Spireon is celebrating a number of corporate milestones secured during the first half of the year. Spireon attributed product innovation, “white-glove” customer service and key industry partnerships to increases in revenue, active subscriptions and customer ... [Read More]

Experian sees outstanding deep subprime balances drop to all-time low

money-key
Thursday, Aug. 30, 2018, 01:54 PM
SubPrime Auto Finance News Staff
The amount of outstanding deep subprime paper slid to an all time low during the second quarter, according to Experian’s State of the Automotive Finance Market report released on Thursday. Analysts discovered deep subprime softened to an all-time low of ... [Read More]

Auto/Mate integrates DMS with ProMax

latest news
Wednesday, Aug. 29, 2018, 03:32 PM
SubPrime Auto Finance News Staff
Two service providers perhaps already being leveraged at your store now are working together to help you turn more financed deliveries. This week, Auto/Mate Dealership Systems integrated its dealership management system (DMS) with ProMax, a leading supplier of retail automotive ... [Read More]

Subprime not significant part of Q1 origination uptick

subprime credit report
Friday, Aug. 24, 2018, 02:55 PM
SubPrime Auto Finance News Staff
The deceleration of auto-finance origination stopped in this first quarter, according to TransUnion’s newest Industry Insights Report released earlier this week. But the subprime segment didn’t trigger the change. After six consecutive year-over-year declines beginning in third quarter of 2016, ... [Read More]

Why using pool factors can improve analysis subprime ABS credit losses

red arrow graphic
Friday, Aug. 24, 2018, 02:44 PM
SubPrime Auto Finance News Staff
S&P Global Ratings recently offered more analysis as to how it examines subprime auto loan asset-backed securities (ABS) issuers in light of what the firm described as an increasingly noticeable trend. The firm explained that certain U.S. subprime auto loan ... [Read More]

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