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This Month's Focus

Artificial Intelligence
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EY study shows Canadians still cautious about AI but using it more for everyday activities
Monday, May. 11, 2026, 03:00 PM
This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More
Carfluent’s new AI tool helps dealerships beat aggregators in searches
Monday, May. 11, 2026, 09:51 AM
A growing percentage of consumers now use artificial intelligence as what marketplace Cars.com describes as a “trusted co-pilot” in their search for a vehicle to purchase. Meanwhile, other studies suggest that dealership websites are not visible to many of those ... Read More
ChatGPT app represents the latest step in CarMax’s ongoing AI evolution
Monday, May. 11, 2026, 09:45 AM
Yes, it’s AI — everyone’s favorite buzzword. But when it comes down to it, artificial intelligence is only part of what CarMax’s new ChatGPT app is all about. The company billed as the nation’s largest used-car retailer touted the app, ... Read More
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
FICO’s Shams Blanc on lenders sharpening underwriting & more
Wednesday, Apr. 29, 2026, 03:54 PM
Fresh off being in Miami as part of the Used Car Industry Summit that Cherokee Media Group hosted this spring, Shams Blanc, who is vice president of auto scores at FICO, appeared again on the Auto Remarketing Podcast. Blanc discussed ... Listen Here

CPS Enters Into $100M Credit Facility

money 1
Friday, May. 1, 2015, 03:26 PM
SubPrime Auto Finance News Staff
Consumer Portfolio Services recently announced it entered into a new two-year revolving credit agreement with Fortress Credit Co. worth $100 million. Officials highlighted the new agreement replaces a revolving credit agreement that CPS has used since December 2010, in which ... [Read More]

NextGear Integrates KBB Values Within Apps

businessman charts
Thursday, Apr. 30, 2015, 02:32 PM
SubPrime Auto Finance News Staff
In an effort to help dealers monitor their floor-planning resources more efficiently, NextGear Capital recently announced that it added Kelley Blue Book values to its myNextGear Web and mobile applications. As a result of this integration between the two Cox ... [Read More]

Ally Points to Dealer Relationships for Q1 Success

graph growth
Wednesday, Apr. 29, 2015, 02:55 PM
Nick Zulovich, Editor
Ally Financial chief executive officer Jeffrey Brown pledged that the company would maintain positive performances despite a huge volume of originations no longer coming its way from General Motors and Chrysler. Now, Brown contends he has Ally’s first-quarter results to ... [Read More]

DRN Adds Former Carfax Exec to Manage Risk Solutions Business

executive handshake
Wednesday, Apr. 29, 2015, 02:51 PM
SubPrime Auto Finance News Staff
Digital Recognition Network hired a new managing director for its risk solutions business on Wednesday. The company’s growth in the insurance market prompted DRN to bring on Eric Nesson, a 25-year sales and insurance industry professional. Most recently, Nesson headed ... [Read More]

CRIF Select Partners with Dealertrack Digital Document Services

cloud computing
Wednesday, Apr. 29, 2015, 02:49 PM
SubPrime Auto Finance News Staff
CRIF Select, a division of CRIF Lending Solutions and leading provider of indirect lending solutions, recently teamed with Dealertrack’s Digital Document Services (DDS) to provide Dealertrack’s eDocs solution for digital contract processing to CRIF Select’s partner institutions and dealerships. Dealertrack’s ... [Read More]

More Prime Paper Boosting GM Financial’s Metrics

earnings report
Monday, Apr. 27, 2015, 04:16 PM
Nick Zulovich, Editor
General Motors Financial is less than two quarters into its strategic adjustment of originating more prime paper than the finance company ever has in part to its enhanced relationship as the captive for the parent automaker. But GM Financial is ... [Read More]

Mitsubishi Taps Ally as Preferred Financing Source

2014 Outlander Sport new
Monday, Apr. 27, 2015, 04:14 PM
SubPrime Auto Finance News Staff
Enhancing a relationship that’s already existed for several years, Ally Financial and Mitsubishi Motors North America on Monday announced that Ally will become the preferred financing source for Mitsubishi Motors in the U.S., replacing the brand’s captive finance company, Mitsubishi ... [Read More]

3 Personnel Moves at BillingTree Boost Leadership Team

company movement
Monday, Apr. 27, 2015, 04:12 PM
SubPrime Auto Finance News Staff
BillingTree recently expanded its leadership team with a trio of appointments. First, Nils Krumins now is senior director of professional services. The company also promoted Chad Probst to vice president of sales and business development. BillingTree indicated both of those ... [Read More]

National Auto Lenders Unveils New Logo

new NAL HAS A NEW LOGO AND TAGLINE for SPN
Monday, Apr. 27, 2015, 04:09 PM
SubPrime Auto Finance News Staff
In an effort to enhance the celebration of its 19th year of operation, subprime auto finance company National Auto Lenders rolled out a new logo and tagline. The marketing strategy is all part of NAL continuing to expand into new ... [Read More]

MakeMyDeal Offers 3 Ways to Improve F&I Process

couple driving 1
Friday, Apr. 24, 2015, 03:01 PM
SubPrime Auto Finance News Staff
If you’re an F&I manager, how many times have you seen a weary buyer arrive in your office ready just to take delivery and depart the dealership? But it’s your job still to make the pitch, right? As frustrating of ... [Read More]

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