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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

Predictable spring helps subprime ABS make improvements

bar-chart
Monday, Jun. 18, 2018, 03:09 PM
SubPrime Auto Finance News Staff
It’s been a predictable spring for the U.S. auto loan asset-backed securities (ABS) market, and S&P Global Ratings said that’s been a good thing. It was so good, in fact, that one subprime-specific metric made a positive move for the ... [Read More]

4 potential benefits of ChannelNet and White Clarke Group partnership

online car shopping
Friday, Jun. 15, 2018, 02:43 PM
SubPrime Auto Finance News Staff
ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall ... [Read More]

GrooveCar unveils newly designed website

groovecar website for SPN
Friday, Jun. 15, 2018, 02:41 PM
SubPrime Auto Finance News Staff
A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit ... [Read More]

Consumers, dealers and OEMs all likely to feel impact of latest interest-rate uptick

interest rates
Thursday, Jun. 14, 2018, 03:36 PM
Nick Zulovich, Senior Editor
Cox Automotive is seeing how actions by the Federal Open Market Committee (FOMC) at the Federal Reserve is impacting auto-financing activities as well as other major segments of the automotive space. Cox Automotive chief economist Jonathan Smoke recapped that the ... [Read More]

Positive signs for delinquency in Q1

online auto financing
Wednesday, Jun. 13, 2018, 04:47 PM
SubPrime Auto Finance News Staff
Perhaps the tightening of underwriting is leading to stabilization of delinquencies on the cusp of repossession as well as a bit of an improvement among those contracts that are behind but could possibly be brought back current. The newest State ... [Read More]

14 AGs push back to keep CFPB complaint database publicly available

compliance pic
Wednesday, Jun. 13, 2018, 04:15 PM
Nick Zulovich, Senior Editor
As the Consumer Financial Protection Bureau continues to modify how it operates, more than a dozen state attorneys general are pushing the CFPB not to change its practices regarding consumer complaints. New York attorney general Barbara Underwood recently led a ... [Read More]

VSC survey shows how many consumers saved as much as $2K on vehicle repairs

mechanic
Tuesday, Jun. 12, 2018, 02:20 PM
SubPrime Auto Finance News Staff
Additional survey results from Protective Asset Protection could provide information that F&I managers are seeking as part of their pitch to vehicle buyers about service contracts and other ancillary products. The provider of F&I programs, services and dealer-owned warranty programs recently announced ... [Read More]

Securitization moves by Global Lending Services, Credit Acceptance and CPS

money-key
Friday, Jun. 8, 2018, 02:31 PM
SubPrime Auto Finance News Staff
Global Lending Services, Credit Acceptance and Consumer Portfolio Services all have been active in the securitization space during the past 60 days; moves by the subprime auto finance companies that involved more than $1.1 billion in value. The most recent ... [Read More]

CFPB disbands Consumer Advisory Board

legal analysis
Thursday, Jun. 7, 2018, 03:07 PM
SubPrime Auto Finance News Staff
An official from the Consumer Financial Protection Bureau described this week’s moves as “transforming the way we engage.” Meanwhile, members of bureau’s Consumer Advisory Board called it a “firing.” The contrasting views about this segment of the regulator surfaced through ... [Read More]

ARA, NAF Association reveal initial results of repossession efficiency project

latest news
Wednesday, Jun. 6, 2018, 07:21 PM
Nick Zulovich, Senior Editor
Dave Kennedy and Les McCook of the American Recovery Association shared some vivid anecdotes originating from meetings with Jack Tracey and Joel Kennedy of the National Automotive Finance Association along with leadership of close to 30 finance companies with large ... [Read More]

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