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Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 02:33 PM
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... Listen Here
The Future of EVs & More From the OEM Lens
Tuesday, Sep. 30, 2025, 07:38 PM
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
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

National ASE Institute Awards EFG Companies Blue Seal of Excellence

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Wednesday, Jun. 4, 2014, 03:21 PM
SubPrime Auto Finance News Staff
EFG Companies announced Wednesday it has been awarded the Blue Seal of Excellence by the National Institute of Automotive Service Excellence (ASE), based upon the required certification level of  its claims organization. Officials explained this certification exemplifies EFG’s commitment to ... [Read More]

Paymaxx Pro Integrates with Cars Plus DMS

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Wednesday, Jun. 4, 2014, 03:19 PM
SubPrime Auto Finance News Staff
This week, Paymaxx Pro integrated its payment processing services with Cars Plus DMS, operated by Radiant Concepts. The alliance is aimed at giving dealers the ability to efficiently provide consumers with more options for payments while simultaneously reducing costs and ... [Read More]

Subprime Used Sales Post Healthy Gain in May

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Wednesday, Jun. 4, 2014, 03:16 PM
SubPrime Auto Finance News Staff
For dealers and finance companies that specialize in working with consumers with credit scores below 550, May turned out to be a pretty good month for used-vehicle sales. CNW Research found that turns to buyers in this credit segment increased ... [Read More]

Current Auto Loan Balances Reach New High at $884B

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Wednesday, Jun. 4, 2014, 03:13 PM
SubPrime Auto Finance News Staff
Driven in part by the increasing retail price for vehicles, the latest Equifax National Consumer Credit Trends Report showed the total outstanding balance of current auto loans reached a new record high in April. Equifax determined outstanding balances closed April ... [Read More]

Former Ally Financial Legal Counsel Joins BuckleySandler

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Monday, Jun. 2, 2014, 03:49 PM
SubPrime Auto Finance News Staff
Financial services and criminal and civil enforcement defense law firm BuckleySandler recently added the former legal counsel with Ally Financial to its stable of attorneys. Joining the firm as a counsel in its Washington, D.C., office is Marshall Turner Bell. ... [Read More]

5 Tips to Help Buyers During Financing Process

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Monday, Jun. 2, 2014, 03:47 PM
SubPrime Auto Finance News
In an effort to provide dealers and F&I managers with more educational material so buyers can make better decisions, Americans Well-informed on Automobile Retailing Economics (AWARE) offered five helpful vehicle finance tips for consumers. Those recommendations included: • Budgeting helps ... [Read More]

Average Terms Hit 66 Months for First Time

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Monday, Jun. 2, 2014, 03:44 PM
SubPrime Auto Finance News Staff
As the subprime financing market continues to expand, Experian Automotive determined that loan terms continued to lengthen with the average automotive loan term reaching 66 months for the first time. According to Experian’s latest State of the Automotive Finance Market ... [Read More]

Available Credit and Long Terms to Drive May New-Car Sales Higher

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Friday, May. 30, 2014, 03:33 PM
SubPrime Auto Finance News Staff
Edmunds.com is projecting that seasonally adjusted annual rate for new-vehicle sales this month will increase thanks to the favorable financing conditions that still are in place. Site analysts forecasted that 1,547,771 new cars and trucks will be sold in the ... [Read More]

Report: Franchised Dealers Spent $3.2B on Compliance in 2012

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Friday, May. 30, 2014, 03:31 PM
SubPrime Auto Finance News Staff
Here are more numbers showing just how much of a bite regulatory compliance is taking out of franchised dealers’ profitability apple — especially for what it takes to legally operate the F&I office. A new report released by the Center ... [Read More]

NAF Association Survey: Competition Clearly Intensifies

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Friday, May. 30, 2014, 03:29 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association released the results of its revamped invitation-only member survey this week during its 18th annual Non-Prime Auto Financing Conference. While the survey asked the 22 participating finance companies to complete questions about originations, marketing and ... [Read More]
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