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Chip Perry & Dom Pope of sellmyride
Friday, Sep. 26, 2025, 03:08 PM
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
A Look Back at Last Two Decades of the Used-Car Industry in Canada
Thursday, Sep. 18, 2025, 02:32 PM
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
SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management
Thursday, Sep. 11, 2025, 04:33 PM
In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here

43% of non-prime applicants are millennials

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Monday, Aug. 3, 2015, 03:01 PM
Nick Zulovich, Editor
FactorTrust chief executive officer Greg Rable regularly receives questions from finance companies that are seeking more information about millennials, and for good reason. FactorTrust indicated that millennials — individuals born after 1980 — make up the largest percentage of non-prime ... [Read More]

Equifax monitoring trends as write-offs tick higher

car search magnifying glass
Friday, Jul. 31, 2015, 02:44 PM
Nick Zulovich, Editor
While continuing to keep close tabs on how 60-day delinquencies are trending, Equifax is also watching write-offs, too, since they made a small move upward as of June. According to data shared with SubPrime Auto Finance News this week, Equifax ... [Read More]

Cloudy consumer picture could impact auto financing

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Friday, Jul. 31, 2015, 02:41 PM
Nick Zulovich, Editor
The Federal Reserve of New York reported an uptick in consumers who expect to apply for vehicle financing during the next 12 months, but two economists, including Cox Automotive’s Tom Webb, discussed the potential headwinds that might arrive within the ... [Read More]

Non-prime finance company specializing in Latino market gains $75M facility

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Friday, Jul. 31, 2015, 02:39 PM
SubPrime Auto Finance News Staff
On Thursday, CrediautoUSA Financial Co. announced the completion of a capital facility that provides for up to $75 million to facilitate the acquisition by Crediauto of non-prime automobile financing contracts. Crediauto is a finance company that provides solutions to franchised ... [Read More]

Measure to rescind CFPB guidance moves beyond House committee

capitol hill for spn story
Wednesday, Jul. 29, 2015, 08:52 PM
SubPrime Auto Finance News Staff
In a development cheered by the National Automobile Dealers Association, a proposal to modify how the Consumer Financial Protection Bureau oversees indirect auto financing took one step forward on Wednesday, moving beyond the House Financial Services Committee now to be ... [Read More]

Total outstanding auto balances top $1 trillion

sales increase
Wednesday, Jul. 29, 2015, 03:55 PM
Nick Zulovich, Editor
Equifax deputy chief economist Dennis Carlson used imagery of the plumbing that might be in your home to describe the industry surpassing $1 trillion in outstanding auto loan balances in June. The credit bureau’s data showed total outstanding balances on ... [Read More]

Vero creates new provider after acquiring Fidelis PPM

businessman hands about to shake
Wednesday, Jul. 29, 2015, 03:53 PM
SubPrime Auto Finance News Staff
Vero Products — a provider of in vehicle after-market solutions and services and a division of CU Direct — acquired Fidelis PPM this week to form a new company focused on pre-paid maintenance (PPM). As a result of the acquisition, ... [Read More]

Study shows how unaware consumers are of interest rate impact

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Wednesday, Jul. 29, 2015, 03:50 PM
SubPrime Auto Finance News Staff
According to a national survey commissioned by Carvana, consumers still are uninformed about the total costs associated with the interest rate connected to their vehicle installment contract. Carvana — a completely online vehicle retailer backed by DriveTime and launched two ... [Read More]

CFPB denies NADA request for leaked memo

denied stamp
Tuesday, Jul. 28, 2015, 03:25 PM
SubPrime Auto Finance News Staff
On Monday, the Consumer Financial Protection Bureau blocked access to information the National Automobile Dealers Association sought. NADA officials said the CFPB rejected a Freedom of Information Act (FOIA) request to release a memorandum that they believe can show the bureau ... [Read More]

2 elements that help dealers in non-prime financing

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Monday, Jul. 27, 2015, 04:20 PM
Nick Zulovich, Editor
Michael Buckingham, senior director of the auto finance practice at J.D. Power, acknowledged dealers and finance companies already know that trying to get a new-vehicle contract completed for a customers with a soft credit profile can be “tricky.” So when ... [Read More]
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