How auto performed in May within ‘resilient consumer credit landscape’

Thursday, Jun. 25, 2026, 10:40 AM

Wayne Ray fills newly created position of CEO for ARA

Wednesday, Jun. 24, 2026, 01:29 PM

Equifax sees auto lenders looking to subprime for growth opportunities

Friday, Jun. 19, 2026, 10:55 AM

Latest Stories

3 segments potentially ripe for auto refinancing

Cox Automotive finds ‘most forward-looking development’ of latest Fed activities

Inaugural auto ABS ‘validates thesis’ for Arra Finance

Ted Berlovich of Clutch

Monday, Jun. 29, 2026, 03:44 PM

Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

United Car Dealers Association Leaders Join CUCW Live Stage

Thursday, Jun. 25, 2026, 07:09 PM

Next up on our series of Auto Remarketing Podcast episodes from Live Stage at Canada’s Used Car Week is a conversation with United Car Dealers Association leaders Jim Hamilton, Christy Fines and John Tangreda. They talk with Cherokee Media Group ... Listen Here

Blair Earle of IAA Canada

Thursday, Jun. 25, 2026, 06:59 PM

Kicking off our series of Auto Remarketing Podcast episodes from the Live Stage at Canada’s Used Car Week is a conversation with Blair Earle, who is managing director at IAA Canada. Earle and Cherokee Media Group senior editor Joe Overby ... Listen Here

3 executive moves at GrooveCar as credit-union member reach jumps nearly 60%

board-room

Friday, May. 11, 2018, 03:31 PM

SubPrime Auto Finance News Staff

As the number of credit union members its platform now can reach swelled nearly 60 percent year-over-year, GrooveCar adjusted its executive team with additional resources to support its credit union partners. Three new management positions highlight GrooveCar’s increased focus on ... [Read More]

New Swaplease.com cost analysis reinforces leasing benefits

lease verus buy

Friday, May. 11, 2018, 02:39 PM

SubPrime Auto Finance News Staff

Despite all the cash being thrown on hoods nowadays, it appears the numbers still tilt to benefit leasing. Swapalease.com recently shared new data that show lease payments would still be more attractive than installment contract payments even after dealers and ... [Read More]

Ally lands another major relationship; this time with Sonic’s EchoPark

dealership and couple

Thursday, May. 10, 2018, 02:24 PM

SubPrime Auto Finance News Staff

Ally Financial is continuing to diversify its relationship portfolio. Adding to a parade of developments since the beginning of the year, Ally announced on Thursday that it has signed an agreement with Sonic Automotive. Effective this month, Ally will be ... [Read More]

House passes resolution effectively repealing CFPB vehicle finance guidance

capitol hill

Wednesday, May. 9, 2018, 03:27 PM

SubPrime Auto Finance News Staff

Now it just needs President Trump’s signature. Much to the delight of industry leaders, the U.S. House of Representatives voted on Tuesday to repeal the Bureau of Consumer Financial Protection’s controversial 2013 guidance on indirect auto financing. The House approved ... [Read More]

NY attorney general — an aggressor in automotive regulation — resigns amid abuse allegations

new york AG for web

Tuesday, May. 8, 2018, 02:22 PM

SubPrime Auto Finance News Staff

An attorney general who previously had taken aggressive regulatory and enforcement actions within the automotive space has resigned amid allegations of physical abuse against women. According to a report published on Monday afternoon in The New Yorker, New York attorney general ... [Read More]

Tennessee executive receives AFSA’s Outstanding Independent Award

AFSA independent award for web

Monday, May. 7, 2018, 03:37 PM

SubPrime Auto Finance News Staff

The American Financial Services Association recently held its 2018 Independents Conference & Exposition in Ft. Lauderdale, Fla., an event that brings together institutions that oftentimes offer auto financing as well as other types of personal loans. AFSA handed out its ... [Read More]

DIMONT recaps 4 key Q1 achievements as part of growth strategy

chart

Monday, May. 7, 2018, 03:32 PM

SubPrime Auto Finance News Staff

The first quarter went quite well for DIMONT. The Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto financing industries announced it achieved four key milestones in Q1. The developments included: — Processing ... [Read More]

Megasys enhances partnership with Dealertrack

partnership picture

Friday, May. 4, 2018, 03:19 PM

SubPrime Auto Finance News Staff

Megasys and Dealertrack now are collaborating even more; a development that might be especially beneficial to subprime auto finance companies. Megasys, a provider of complete loan servicing systems for the consumer finance industry, announced this week a new facet of its ... [Read More]

Fed passes on latest chance to raise interest rates

Federal reserve

Friday, May. 4, 2018, 03:18 PM

SubPrime Auto Finance News Staff

At least for another month, auto finance companies won’t necessarily have to modify the interest rates they charge because of the latest decision by the Federal Reserve. Thanks to unanimous approval by all eight members of the Federal Open Market ... [Read More]

CPS’ Bradley scoffs at rising use of ‘guaranteed back-end’

improved brad bradley for web

Thursday, May. 3, 2018, 03:04 PM

Nick Zulovich, Senior Editor

There probably are not many strategies leveraged by subprime auto finance companies that Consumer Portfolio Services chairman and chief executive officer Brad Bradley hasn’t seen since joining the company in 1991. But Bradley described a concept as being “the new ... [Read More]

X