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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

Auto Loan Defaults Move Marginally in March

magnifying glass looking at report
Friday, Apr. 24, 2015, 02:59 PM
SubPrime Auto Finance News Staff
As analysts offered some assessments of what moves the Federal Reserve might make, data through March generated by S&P Dow Jones Indices and Experian indicated auto loan default ticked lower on a sequential basis but edged up slightly year-over-year. The ... [Read More]

Reynolds & MSADA Unveil F&I Library

Boston
Friday, Apr. 24, 2015, 02:57 PM
SubPrime Auto Finance News Staff
This week, Reynolds and Reynolds launched the Reynolds LAW Massachusetts F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents. The LAW library was developed by Reynolds Document Services in conjunction with the Massachusetts State Automobile Dealers ... [Read More]

DRN Address Scoring Now Embedded in RDN Platform

phone and tablet on keyboard
Wednesday, Apr. 22, 2015, 08:08 PM
SubPrime Auto Finance News Staff
In a move announced on Wednesday aimed at mitigating risk for finance companies, Digital Recognition Network (DRN) and Recovery Database Network (RDN) said that RDN recently embedded DRN’s Address Scoring solution into the provider’s asset recovery management platform. Company executives ... [Read More]

Fitch Spots Another Byproduct of Competition

money car
Wednesday, Apr. 22, 2015, 03:21 PM
SubPrime Auto Finance News Staff
Fitch Ratings found another place where heightened competition amongst auto finance companies is leaving an impact. The firm’s latest report indicated U.S. prime auto ABS collateral has been marginally weakening in recent months due in part to that competition. Analysts ... [Read More]

SNAAC Makes 8 Personnel Moves

new hires floating above hands
Wednesday, Apr. 22, 2015, 03:19 PM
SubPrime Auto Finance News Staff
Security National Automotive Acceptance Co. shared details about the appointment of three senior-level leaders and five new team member additions on Tuesday. The company tapped Mason, Ohio resident Robert Davis as director of collections. Davis most recently served as the ... [Read More]

U.S. Bank Hires Former BofA Exec to Lead Auto Team

hand shaking 2
Wednesday, Apr. 22, 2015, 03:16 PM
SubPrime Auto Finance News Staff
U.S. Bank named a former high-level executive at Bank of America to lead the institution’s indirect lending group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers. Taking over the role is John Hyatt. ... [Read More]

CPS Out to Maintain Disciplined Origination Growth

money 3
Monday, Apr. 20, 2015, 03:54 PM
SubPrime Auto Finance News Staff
For any industry observers who question whether or not Consumer Portfolio Services grew as much as it should have during the first quarter, chairman and chief executive officer Brad Bradley reiterated the strategy the company utilizes. During the first quarter, ... [Read More]

Former Chase Counsel Joins Hudson Cook

auction gavel
Monday, Apr. 20, 2015, 03:51 PM
SubPrime Auto Finance News Staff
Hudson Cook added a former high-ranking executive from Chase Auto Finance to be its newest partner. Coming on board for its Long Island, N.Y., office is Trisha Cacciola, who has more than 25 years of experience in consumer and commercial ... [Read More]

ACH Payment Volume Climbs 5% Annually

hands typing on keyboard
Monday, Apr. 20, 2015, 03:47 PM
SubPrime Auto Finance News Staff
Automated clearing house (ACH) transactions rose again last year, according to new statistics released by NACHA — The Electronic Payments Association. NACHA determined ACH volume grew to almost 23 billion electronic payments, a year-over-year increase of almost 5 percent or 1 ... [Read More]

CARS Offering 2 Chances for Free Recovery Webinar

training
Thursday, Apr. 16, 2015, 04:16 AM
SubPrime Auto Finance News Staff
Terry Groves, co-founder and senior vice president of sales and remarketing at Consolidated Asset Recovery Systems, is offering two installment of a free webinar titled, “What Should You Pay For A Repossession Service?” Groves intends to cover six different topics ... [Read More]

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