As subprime space keeps changing, how long can average terms stretch?
Monday, May. 4, 2026, 11:16 AM
Car-buying intention remains positive even as consumers face more headwinds
Thursday, May. 7, 2026, 11:12 AM
NAF Association reveals next recipients of Jack Tracey Pinnacle Award & Summit Leadership Award
Friday, May. 8, 2026, 10:56 AM
Latest Stories
This Month's Focus
Artificial Intelligence
CARS Protection Plus taps Circuitry.ai Warranty Decision Intelligence to help adjusters resolve claims faster
Wednesday, May. 6, 2026, 10:38 AM
DealerOn’s dual launch includes AI search visibility platform, ‘intelligent layer’ touching full dealership
Tuesday, May. 5, 2026, 03:28 PM
Newest Experian tool designed to reduce risk within AI-driven commerce
Monday, May. 4, 2026, 11:19 AM
FICO’s Shams Blanc on lenders sharpening underwriting & more
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
Wednesday, Apr. 29, 2026, 03:54 PM
Byron Oldham of Honest Autos & FIADA
Byron Oldham is president of the family-owned Honest Autos dealership and is president of the board at the Florida Independent Automobile Dealers Association. In this episode, Oldham talks with Cherokee Media Group senior editor Joe Overby about the upcoming Southeast ... Listen Here
Monday, Apr. 27, 2026, 07:47 PM
Automotive CFO-To-Go Kathi Kruse talks dealership finance, accounting in ‘lightning round’
Kathi Kruse, the Automotive CFO-To-Go who brings her financial expertise — born through years of experience as a dealership chief financial officer — to dealers needing help in that area, is back on the Auto Remarketing Podcast. In this episode, ... Listen Here
Sunday, Apr. 19, 2026, 04:27 AM
Credit Acceptance Details $300 Million Senior Notes Offering
Saturday, Jan. 18, 2014, 03:21 PM
By SubPrime Auto Finance News
This week, Credit Acceptance Corp. announced plans to offer $300 million of senior notes due in 2021. Company officials said they intend to use the net proceeds from the offering, together with borrowings under their revolving credit facility, to redeem ... [Read More]
Following Bankruptcy, Western Funding Restarts Loan Originations
Saturday, Jan. 18, 2014, 03:19 PM
By SubPrime Auto Finance News
Now with the financial support of Westlake Financial Services, Western Funding — a subprime auto lender since 1962 — has resumed operating in full capacity. After a recent pause in loan originations following a bankruptcy proceeding, Western Funding is now ... [Read More]
NABD & SubPrime Auto Finance News Launch Monthly BHPH Report on NABD Website
Saturday, Jan. 18, 2014, 03:15 PM
SubPrime Auto Finance News Staff
The National Alliance of Buy Here Pay Here Dealers (NABD) and Cherokee Automotive Group (CAG), the publishers of Auto Remarketing and SubPrime Auto Finance News, will combine forces to launch the BHPH Report for the industry later this month. This ... [Read More]
Sluggish Job Rebound Could Slow Consumers’ Major Spending, Impact Delinquencies
Thursday, Jan. 16, 2014, 10:32 PM
SubPrime Auto Finance News Staff
According to at least one respected industry observer — Manheim's Tom Webb — the major cause of an auto loan delinquency remains a job loss. And Fitch Ratings' latest analysis of the labor market showed a rebound in a nationwide ... [Read More]
Parry Departing Exeter Finance; New Chief Credit Officer Announced
Thursday, Jan. 16, 2014, 10:29 PM
SubPrime Auto Finance News Staff
One of the founders of Exeter Finance Corp. resigned his position late Monday as chief credit officer to pursue a new business venture, according to a company announcement. Exeter said Daniel Parry will serve in a consulting role to ensure ... [Read More]
CarMax Auto Finance Outlines Plan to Make More Subprime Loans
Wednesday, Jan. 15, 2014, 10:24 PM
Nick Zulovich
With more potential buyers falling into the subprime credit tier, CarMax is looking to leverage its captive finance company more often to fund deals its third-party lenders might not be buying at volume levels company leaders are seeking. During the ... [Read More]
3 Projections for Payment Processing in 2014
Wednesday, Jan. 15, 2014, 10:22 PM
SubPrime Auto Finance News Staff
BillingTree chief executive officer and president David Roberts recently outlined three trends that he believes will drive the payment processing market in 2014. Those trends include: Mobile Roberts insisted companies need to be prepared as mobile will take over in ... [Read More]
Webb Estimates How Long Subprime Aggression Will Last
Wednesday, Jan. 15, 2014, 10:19 PM
Nick Zulovich, Editor
Manheim's Tom Webb acknowledged some finance companies are making what he called "silly loans" to subprime customers, but he's not expecting underwriting standards to tighten quickly in the short-term future. During his recent quarterly conference call, Manheim's chief economist projected ... [Read More]
AFSA Addresses Georgia Vehicle Tax Concerns
Wednesday, Jan. 15, 2014, 10:16 PM
SubPrime Auto Finance News Staff
Along with scheduling a member webinar to discuss the Telephone Consumer Protection Act, the American Financial Services Association's National Title Solutions Forum submitted a comment letter last week to the Georgia Department of Revenue, the Association of Commissioners of Georgia ... [Read More]
CarFinance.com Spots 3 Patterns in Latest Brand Loyalty Report
Wednesday, Jan. 15, 2014, 10:15 PM
SubPrime Auto Finance News Staff
A new brand loyalty report from CarFinance.com released today highlighted three distinct patterns seen among below-prime buyers along with which badges appeal most to this slice of the credit spectrum. Site analysts discovered below-prime buyers are less loyal than the ... [Read More]
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