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Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

LegalShield’s Consumer Stress Legal Index dips in June

Monday, Aug. 5, 2024, 11:47 AM
SubPrime Auto Finance News Staff
While also extrapolating its data to make a presidential election prediction, LegalShield offered an update on its Consumer Stress Legal Index (CSLI), which dipped a bit in June. Based solely on consumer inquiries seeking legal assistance in June, LegalShield reported ... [Read More]

CarShield settles FTC charges for $10M, to halt celebrity endorsements

Friday, Aug. 2, 2024, 10:47 AM
SubPrime Auto Finance News Staff
A vehicle service contract provider struck out with the Federal Trade Commission this week. According to a news release, NRRM, which does business as CarShield, along with American Auto Shield (AAS), will pay $10 million to the FTC to settle ... [Read More]

Fed continues with ‘risky strategy’ in keeping interest rates unchanged

Thursday, Aug. 1, 2024, 10:37 AM
Nick Zulovich, Senior Editor
The Federal Reserve kept interest rates unchanged on Wednesday, which economic experts projected since policymakers haven’t made an adjustment following eight consecutive opportunities. But experts are also emphasizing that new data is prompting the Fed to lower the rate from ... [Read More]

Chapman Auto Group partners with DriveItAway to put ‘turn-downs’ in vehicles

Wednesday, Jul. 31, 2024, 01:00 PM
SubPrime Auto Finance News Staff
The newest relationship forged by DriveItAway Holdings definitely has the feel of the city famous for cheesesteaks and the Liberty Bell. To close July, the company that offers “micro-lease to purchase” technology announced it is partnering with the Chapman Auto ... [Read More]

EFG: Dealers need to focus on controllable parts of their businesses

Wednesday, Jul. 31, 2024, 11:47 AM
SubPrime Auto Finance News Staff
EFG Companies sees some market strength and positive economic and consumer trends. But the provider of protection products acknowledged there are ongoing vehicle price concerns and lingering inflation coupled with the heightened political climate. EFG said those are ingredients that ... [Read More]

Weltman celebrates opening of new offices near Clevelend

Wednesday, Jul. 31, 2024, 11:44 AM
SubPrime Auto Finance News Staff
Weltman, Weinberg & Reis Co. hosted a ribbon-cutting ceremony last week to celebrate the opening of its new offices near Cleveland. Gregory Kurtz, the mayor of Independence, Ohio, along with members of the city council, joined the festivities that also ... [Read More]

How industry is seeing down payments, potential for refinancing

Kinetic Advantage finalizes first securitization
Tuesday, Jul. 30, 2024, 11:59 AM
Nick Zulovich, Senior Editor
Jody Lambert acknowledged that it often is surprising when a sizeable down payment or trade-in value arrives as part of an application for auto financing. Lambert is vice president of dealer risk management for Anderson Brothers Bank, which is based ... [Read More]

SCM hires Van Scoyoc after 9 years with MBSi

Tuesday, Jul. 30, 2024, 11:37 AM
SubPrime Auto Finance News Staff
Secure Collateral Management (SCM) hired a new vice president of business development this week, welcoming a veteran executive who served in a similar capacity within the skip-tracing and repossession management solutions industry. Joining SCM’s executive team is Sam Van Scoyoc, ... [Read More]

NY Fed spots spike in auto finance rejections

Monday, Jul. 29, 2024, 11:40 AM
Nick Zulovich, Senior Editor
It’s the heat of summer nationwide, but perhaps you could make the argument that things are frozen when considering auto financing and interest rates. Evidence of how frosty things might be within auto financing surfaced from the most recent findings ... [Read More]

Former iA American CRO joins RoadVantage as president

Friday, Jul. 26, 2024, 10:24 AM
SubPrime Auto Finance News Staff
RoadVantage modified its leadership team in multiple ways this week, welcoming John Lutman as president of the F&I company, which offers a full portfolio of vehicle service contracts and ancillary products through certified agents. With Lutman coming aboard, RoadVantage slid ... [Read More]

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