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Used Car Week Hall of Fame honoree Jared Kalfus of Black Book
We finish our series featuring the 2026 Used Car Week Hall of Fame honorees with a conversation featuring Black Book president Jared Kalfus. Kalfus describes what it takes to be successful in sales and why face-to-face conversations are still vitally ... Listen Here
SPONSORED EPISODE: Prospects for more auto refinancing with Gravity Lending
In this special sponsored episode of the Auto Remarketing Podcast brought to you by Allied Solutions, we turn our attention to auto refinancing. Brad Paxman oversees 90 lender relationships for Gravity Lending, which is an auto refinance and fintech company ... Listen Here
Used Car Week Hall of Fame: Bob McConkey of McConkey Auction Group
Next up on our series featuring the 2026 Used Car Week Hall of Fame honorees is a conversation with Bob McConkey, president and CEO of the McConkey Auction Group. McConkey, along with MAG chief operating officer David Pendergraft and DAA ... Listen Here

Credit Acceptance Extends Revolving Secured Facility

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SubPrime Auto Finance News Staff
Earlier this week, Credit Acceptance Corp. announced that it extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2016 to June 23, 2017.  The company indicated there were no material changes to the terms ... [Read More]

March Subprime Vehicle Loans Total $13.1B

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Nick Zulovich, Editor
Equifax determined the total dollar amount for subprime vehicle financing originated in March surged higher than any single month going back seven years. Credit bureau analysts found that subprime auto loans in March came in at $13.1 billion, marking an ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

AI & Auto Finance: An Expert Guide to Using This Technology

This 26-page ebook from Cherokee Media Group, sponsored by dotData, brings together insights from nine experts on how artificial intelligence...
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Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Ally Gives $11K in Honor of TIME Dealer of the Year Winner

Ally and dealer for SPN
SubPrime Auto Finance News Staff
Ally Financial recently honored Jeff Teague of Teague Auto Group as the winner of the 2014 TIME Dealer of the Year award and presented a charitable grant to support his efforts in the local community. Ally executives were on hand ... [Read More]

CU Xpress Lease Partners With Peoples Credit Union

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SubPrime Auto Finance News Staff
CU Xpress Lease, part of the GrooveCar family of brands, recently formed a partnership with Peoples Credit Union, which will be offering vehicle leasing in Broward and Palm Beach counties in south Florida. Peoples chief executive officer Jeffrey Miller explained ... [Read More]

CarMax’s Special Subprime Portfolio Nears $30M

CarMax pic for SPN
Nick Zulovich, Editor
During the first quarter of its 2015 fiscal year, CarMax Auto Finance originated $20.5 million of loans — representing 0.8 percent of retail unit sales for the timeframe — through its program for customers who typically would be financed by ... [Read More]

CPS Outlines $202.5M Securitization

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SubPrime Auto Finance News Staff
This week, Consumer Portfolio Services announced the closing of its second term securitization of the year. The company highlighted the transaction is CPS’ first senior subordinate securitization to receive a triple A rating on the senior class of notes. In ... [Read More]

Equifax, NIADA Execs Discuss Subprime Credit Availability

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SubPrime Auto Finance News Staff
Equifax shared some details of a recent conversation the credit bureau had with the National Independent Automobile Dealers Association leading up to NIADA’s annual convention in Las Vegas. They touched on a wide array of issues, including access to financing ... [Read More]

Toyota Financial Services Enhances Military Rebate Program

2011 Toyota Tacoma
SubPrime Auto Finance News Staff
Toyota Financial Services and Lexus Financial Services expanded of their longstanding military rebate program this week. Officials highlighted they now offer a $500 rebate on all new Toyota and Scion vehicles, and a $750 rebate on all new and certified ... [Read More]

CFPB Discrimination Settlement Questioned by Lawmaker

McHenry at june 18 hearing for SPN
By Nick Zulovich, Editor
As two more individuals testified this week alleging discrimination at the Consumer Financial Protection Bureau, Rep. Patrick McHenry and CFPB director Richard Cordray clashed over how a current bureau employee received settlements to satisfy claims. Corday acknowledged the CFPB resolved ... [Read More]

CFPB to Release Disparate Impact White Paper

Cordray at House hearing on June 18 for SPN story
Nick Zulovich, Editor
In what’s being described as “a very helpful development,” Consumer Financial Protection Bureau director Richard Cordray confirmed on Wednesday that the agency plans to release a white paper about how regulators are using the proxy method of finding disparate impact ... [Read More]

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