Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
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

Global Lending Services Taps Former AmeriCredit Executive to Be CIO

Nick Zulovich
ATLANTA — Subprime auto financing provider Global Lending Services recently appointed a chief information officer. Tapped for the position was Michael Miller, who has spent more than 20 years serving in corporate-level positions for both public and private organizations. Miller ... [Read More]

DriveTime’s Q2 Revenue & Unit Sales Climb but Margins Still Soften

Nick Zulovich
PHOENIX — Despite a 20.7-percent increase in total revenue and an 18.3-percent jump in unit sales, DriveTime Automotive Group explained why its gross margins still softened during the second quarter. According to reports filed with the Securities and Exchange Commission, ... [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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

CNW: August on Pace for ‘Solid’ Month of Used Sales

Nick Zulovich
BANDON, Ore. — Based on the first 15 days of the month, CNW Research is projecting that August will be a "solid" month for used-vehicle sales. The combination of retail metal turning at franchised and independent dealerships as well as ... [Read More]

AFSA Offers Recommendations on Proposed Rule Implementing NY Lien Release Law

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently sent a letter to the commissioner of the New York State Department of Motor Vehicles on its proposed regulations implementing A. 1346-C. AFSA explained the law, enacted in December of last ... [Read More]

Toyota Financial Services Expands Student Scholarship Program to $1 Million

Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services recently recognized 100 high school students who overcame considerable hardships on their paths to college, presenting them with $1 million in scholarships. Officials highlighted this is the first year in which TFS expanded its ... [Read More]

CPS Likes Staffing Level as Originations Grow

Nick Zulovich
IRVINE, Calif. — As Consumer Portfolio Services continues to buy more contracts, the company believes it's in a good personnel position to handle more originations while the subprime auto finance segment gains steam. CPS recently reported that it purchased $203.8 ... [Read More]

New York Fed: Auto Loan Balances Increase for Ninth Straight Quarter

Nick Zulovich
NEW YORK — In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York determined total auto loan balances in the second quarter increased $20 billion from the previous quarter, the ninth consecutive quarterly increase and ... [Read More]

GrooveCar Direct Expands National Footprint by Adding 4 New Credit Unions

Nick Zulovich
HAUPPAUGE, N.Y. — This week, GrooveCar signed four new credit unions nationwide to its GrooveCar Direct program, a vehicle-buying service customized for the credit union industry. The new signees include Kinecta FCU in Manhattan Beach, Calif., Washington, D.C.-based HEW Federal ... [Read More]

Experian: Repossessions Drop to Lowest Rate on Record

Nick Zulovich
SCHAUMBURG, Ill. — As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven ... [Read More]

LHPH and Advantage Funding Align for Subprime Financing Program

Nick Zulovich
SAN DIEGO — LHPH, a provider of services to the lease-here, pay-here and buy-here, pay-here industries, recently formed an exclusive relationship with Advantage Funding to provide financing for select dealers.  Officials explained LHPH and Advantage Funding worked together for more ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X