
Edmunds: Used-car buyers committing to $1,000 monthly payments at new record
Thursday, Oct. 2, 2025, 10:07 AM

Arra Finance moves into next stage of business growth with new credit from Goldman Sachs
Friday, Oct. 3, 2025, 10:50 AM

PODCAST: Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 10:52 AM
CarMax CMO Sarah Lane on Company’s Journey from Used-Car ‘Challenger’ to ‘Leader’
CarMax chief marketing officer Sarah Lane joins the Auto Remarketing Podcast to talk about the company’s new “Wanna Drive?” branding, its omni-channel buying and selling experience, putting the customer in control and how CarMax sets itself apart in an era ... Listen Here
Friday, Oct. 10, 2025, 02:15 PM
Regulation like vacated CARS Rule rises in California
Many dealers likely cheered when the CARS Rule from the Federal Trade Commission was vacated by a federal court at the beginning of the year. But long-time Arizona independent dealer Ace Christian believed it wouldn’t be long before similar regulations ... Listen Here
Friday, Oct. 10, 2025, 02:00 PM
How EVAI became VMS with co-CEO David Prusinski
David Prusinski is now the co-CEO of Vehicle Management Systems (VMS), which previously operated as EVAI. Prusinski shared about how the company arrived at its new brand and what might be ahead for the provider of data analytics and artificial ... Listen Here
Monday, Oct. 6, 2025, 07:40 PM
EFG Companies unveils tool so dealers can self-adjudicate claims
Wednesday, Aug. 16, 2017, 02:51 PM
SubPrime Auto Finance News Staff
This week, EFG Companies launched what it’s calling EFG Express Claims, one of the industry’s first claims automation systems that can enable dealerships to self-adjudicate claims and receive automatic approvals. The company explained EFG Express Claims can automate the claims ... [Read More]
COMMENTARY: Watching for signs of commercial-side weakness
Tuesday, Aug. 15, 2017, 03:12 PM
Nick Zulovich, Senior Editor
We often report on the delinquency rates of vehicle installment contracts held by consumers. Later this week, TransUnion plans to share its second-quarter data with SubPrime Auto Finance News. But what about the repayment activity by dealerships associated with the ... [Read More]
KPA buys Automotive Compliance Consultants
Tuesday, Aug. 15, 2017, 01:58 PM
SubPrime Auto Finance News Staff
Automotive Compliance Consultants — listed among the SubPrime 175 published by SubPrime Auto Finance News as well as the Power 300 published in Auto Remarketing — has a new owner, according to a news release distributed on Tuesday. KPA Services, ... [Read More]
J.D. Power’s latest dealer study underscores importance of underwriting department
Monday, Aug. 14, 2017, 03:10 PM
SubPrime Auto Finance News Staff
Answering questions such as "What's needed to complete this customer's financing?" appears to be a main theme of which finance companies scored well in the J.D. Power 2017 U.S. Dealer Financing Satisfaction Study and which ones did not. Analysts determined great ... [Read More]
Capital One closes $23M floor plan revolver with Missouri dealer
Monday, Aug. 14, 2017, 03:07 PM
SubPrime Auto Finance News Staff
On Monday Capital One announced that the finance company provided a $23 million floorplan line of credit to Johnny Londoff Chevrolet, a second-generation family owned dealership that has been in business for more than 60 years in Florissant, Mo., a ... [Read More]
CARite taps Westlake for installment contract financing
Friday, Aug. 11, 2017, 02:28 PM
SubPrime Auto Finance News Staff
A dealership chain specializing in subprime leasing now has a captive-like relationship with one of the market’s larger finance companies to serve customers who would rather make a purchase through a vehicle installment contract. On Thursday, Westlake Financial Services and ... [Read More]
MUSA Auto Finance launches dealer portal to expedite leasing
Friday, Aug. 11, 2017, 02:24 PM
SubPrime Auto Finance News Staff
MUSA Auto Finance, a company specializing in new and pre-owned vehicle leasing, launched its online portal on Thursday where dealers can submit applications, receive decisions and print pre-populated lease contracts. MUSA Auto Finance highlighted this portal can automate a typically complicated ... [Read More]
RoadVantage makes 3 executive moves
Friday, Aug. 11, 2017, 02:22 PM
SubPrime Auto Finance News Staff
F&I program provider RoadVantage made a trio of personnel moves this week, including promoting Randy Ross to president of sales. Ross, who previously was RoadVantage’s senior vice president of sales, has been with the company for five years and has been instrumental ... [Read More]
Fusion buys GrooveCar Family of Brands
Thursday, Aug. 10, 2017, 05:14 PM
SubPrime Auto Finance News Staff
Fusion Auto Finance, a company in the credit union leasing space, has purchased the GrooveCar Family of Brands, the businesses said in a news release Thursday. Included in the GrooveCar Family of Brands are CU Xpress Lease, an auto lease program ... [Read More]
2 factors hurt Nicholas Financial’s quarterly originations
Thursday, Aug. 10, 2017, 02:07 PM
SubPrime Auto Finance News Staff
Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions. The ... [Read More]
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