StoneEagle sees F&I trends stay strong among Q1 dealer profits

Monday, May. 25, 2026, 01:34 PM

Millennium Capital & Recovery hires former Bank of America exec as president

Friday, May. 22, 2026, 10:43 AM

Fitch: Stress in subprime surfaces through auto ABS trends

Thursday, May. 21, 2026, 10:28 AM

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NCC’s CFO arrives after time with Ernst & Young and Arthur Andersen

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This Month's Focus

Artificial Intelligence

Kia Georgia leverages AI drones to save money and time on onerous fence patrols

Tuesday, May. 26, 2026, 03:02 PM

A 14.2-mile interior fence. Tough terrain. Multiple security personnel. Two or three vehicles churned from wear and tear annually. A looming United States Customs Trade Partnership Against Terrorism (CTPAT) audit in jeopardy. These were the challenges Kia Georgia faced because ... Read More

Impel, Phyron launch AI systems to drive customer engagement through dealership video

Thursday, May. 21, 2026, 02:34 PM

When it comes to capturing customer engagement, video is king. But the busy world of a car dealership isn’t necessarily the best environment for consistently creating effective video content. “Video sells. We’ve known that for years,” said Paul Hepp, director ... Read More

Alfa Recon leverages AI to strengthen data migration

Monday, May. 18, 2026, 11:11 AM

Alfa, provider of Alfa Systems, strengthened its data migration toolbox last week with the launch of Alfa Recon, a new artificial intelligence-enabled reconciliation module. Designed to help customers migrate legacy data and acquired portfolios to Alfa Systems more quickly, more ... Read More

TransUnion on intriguing trends involving used cars sold in 2025

Tuesday, May. 26, 2026, 06:42 PM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During previous events hosted by Cherokee Media Group, TJ ... Listen Here

Experian Automotive on using data the right way to protect used-car profits

Friday, May. 22, 2026, 10:50 AM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During a candid conversation with Cherokee Media Group’s Andrew ... Listen Here

Closing the appraisal divide with Brad Kokesh of TraXtion

Friday, May. 22, 2026, 10:38 AM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here

Fed’s Bowman maintains stance for rate cut

Tuesday, Aug. 12, 2025, 10:23 AM

SubPrime Auto Finance News Staff

Michelle Bowman, who is the Federal Reserve’s vice chair for supervision, was one of two members of the Federal Open Market Committee who dissented from the majority vote that kept interest rates unchanged when policymakers made their decision at the ... [Read More]

Only momentary tariff bump interrupts ongoing expansion of auto credit access

Monday, Aug. 11, 2025, 10:39 AM

SubPrime Auto Finance News Staff

It appears only talk about tariffs disrupted the upward trajectory of expanded auto credit access since last summer. Cox Automotive reported the Dealertrack Credit Availability Index improved again in July, marking the third consecutive month of enhanced credit access. The ... [Read More]

CFPB seeks input about changing Automobile Financing Larger Participant Rule

Friday, Aug. 8, 2025, 10:24 AM

SubPrime Auto Finance News Staff

A decade ago, the Consumer Financial Protection Bureau established the Automobile Financing Larger Participant Rule, which created regulatory oversight over providers that originated 10,000 contracts or more annually. That threshold might be changing since the regulator now operates with half ... [Read More]

New Open Lending CFO starts on Aug. 18

AutoCanada Announces Board Appointments

Friday, Aug. 8, 2025, 09:52 AM

SubPrime Auto Finance News Staff

Open Lending Corp. will have a new chief financial officer in place on Aug. 18. The provider of automotive lending and risk analytics solutions for financial institutions recently appointed Massimo Monaco as its incoming CFO, an executive who will bring ... [Read More]

ACC pauses originations but not ‘a closure of business’

latest news

Friday, Aug. 8, 2025, 09:11 AM

SubPrime Auto Finance News Staff

One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that ... [Read More]

IAA sees salvage transactions with negative equity remain at 3-year high in Q2

Wednesday, Aug. 6, 2025, 02:07 PM

SubPrime Auto Finance News Staff

Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside down by more than $15,000. Negative equity can be a conundrum ... [Read More]

Vola CreditMap aimed at helping consumers handle debt & increase credit scores

Wednesday, Aug. 6, 2025, 10:32 AM

SubPrime Auto Finance News Staff

Coinciding with the Federal Reserve Bank of New York tabulating that total consumer debt surpassed $18 trillion during the second quarter, personal financial management platform Vola Finance rolled out a new loan management dashboard designed to help consumers take control ... [Read More]

New York Fed sees stability in auto-finance sector but turbulence involving student loans

Wednesday, Aug. 6, 2025, 10:30 AM

SubPrime Auto Finance News Staff

While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable. That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of ... [Read More]

Wolters Kluwer: ‘Enforcement pullback exceeds even the most aggressive predictions’

Tuesday, Aug. 5, 2025, 10:05 AM

SubPrime Auto Finance News Staff

New information from Wolters Kluwer about how much the regulatory landscape has changed since President Trump started his second term prompted experts to say, “this enforcement pullback exceeds even the most aggressive predictions.” According to new data from Wolters Kluwer ... [Read More]

Western Funding executes first securitization

Lendbuzz gains $100M warehouse facility through MUFG

Monday, Aug. 4, 2025, 11:08 AM

SubPrime Auto Finance News Staff

Western Funding is now in the securitization business, too. Late on Friday, the subsidiary company of Westlake Technology Holdings announced the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million. Management said this transaction marks Western ... [Read More]

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