
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
The Future of EVs & More From the OEM Lens
Laurie Harbour is a partner at Wipfli, a top 25 accounting and advisory firm, and works with automakers and suppliers on how to adjust to changing winds of automotive. Harbour joins the Auto Remarketing Podcast to discuss how automakers are ... Listen Here
Tuesday, Sep. 30, 2025, 07:38 PM
Chip Perry & Dom Pope of sellmyride
Chip Perry, founding president and CEO of Autotrader and former CEO of TrueCar, has a new role: chairman of sellmyride, a startup seeking to help dealers source inventory from private sellers. Perry and sellmyride founder and president Dom Pope join ... Listen Here
Friday, Sep. 26, 2025, 03:08 PM
A Look Back at Last Two Decades of the Used-Car Industry in Canada
In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here
Thursday, Sep. 18, 2025, 02:32 PM
NextGear Capital rolls out operations in Ireland
Monday, Sep. 14, 2015, 03:52 PM
SubPrime Auto Finance News Staff
NextGear Capital’s growth is blossoming beyond North America. Executives from NextGear Capital joined representatives from their NextGear Capital UK subsidiary and the Society of the Irish Motor Industry in Dublin on Monday to commemorate the company’s launch into Ireland. Officials ... [Read More]
2 dealers receive payments from Western Funding’s Triple Pay program
Friday, Sep. 11, 2015, 03:25 PM
SubPrime Auto Finance News Staff
Western Funding announced the first two dealers to receive their second payment as part of its Triple Pay program. Officials explained Triple Pay is Western Funding’s unique program that can give dealers the opportunity to build a portfolio of accounts ... [Read More]
Reynolds F&I library now available for Tennessee
Friday, Sep. 11, 2015, 03:21 PM
SubPrime Auto Finance News Staff
On Thursday, Reynolds and Reynolds launched the Reynolds LAW Tennessee F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents available to automobile retailers in Tennessee. The F&I resource for dealerships in the Volunteer State extended Reynolds’ ... [Read More]
CFPB penalizes 2 debt buyers; action tops $70M
Wednesday, Sep. 9, 2015, 06:17 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau took action on Wednesday against the nation’s two largest debt buyers and collectors for allegedly using deceptive tactics to collect bad debts, which may have included auto finance recoveries. The bureau found that Encore Capital ... [Read More]
640 dealer violations trigger nearly $700K in penalties
Wednesday, Sep. 9, 2015, 03:36 PM
SubPrime Auto Finance News Staff
The latest enforcement action against a dealership in New Jersey provided another reason why Dealertrack Technologies associate general counsel Randy Henrick recently acknowledged that when he brings up the topic of compliance, “many dealers feel a headache coming on.” Before ... [Read More]
Prestige Financial unveils refinancing program
Wednesday, Sep. 9, 2015, 03:28 PM
SubPrime Auto Finance News Staff
Prestige Financial rolled out a new direct-to-consumer loan solution on Tuesday aimed at leveraging the potential market for refinancing a vehicle installment contract. The company highlighted that Prestige’s new offering allows consumers to deal directly with the financing source to ... [Read More]
9 executives join AFSA board of directors
Wednesday, Sep. 9, 2015, 03:27 PM
SubPrime Auto Finance News Staff
The American Financial Services Association announced that nine executives have been elected to join its board of directors for three-year terms, which will begin following the association’s board meeting on Oct. 6. The nine individuals include: — Jody Anderson is ... [Read More]
CFPB complaint normalization draws 2 association rebuttals
Friday, Sep. 4, 2015, 02:40 AM
SubPrime Auto Finance News Staff
The more the Consumer Financial Protection Bureau highlights details about its consumer complaint database, the more industry associations make their own grievances about how the regulator constructs its reports, which are often critical of how providers are performing. The American ... [Read More]
Pennsylvania dealership settles charges for leasing unrepaired vehicles
Friday, Sep. 4, 2015, 02:37 AM
SubPrime Auto Finance News Staff
A Pennsylvania independent dealership reached a settlement agreement with the state attorney general, who alleged the store leased vehicles that needed considerable amounts of repair work and used a lease agreement that did not comply with federal law. Attorney General ... [Read More]
2 fronts where $100M facility helps Pelican Auto Finance
Wednesday, Sep. 2, 2015, 04:19 PM
Nick Zulovich, Editor
To hear Pelican Auto Finance chief executive officer Troy Cavallaro explain the impact, the $100 million warehouse funding facility with Wells Fargo Securities the company announced on Wednesday will help the deep subprime auto finance provider in two places. The ... [Read More]
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