Expert: 7 activities that could justify dealer doc fees to regulators

Wednesday, May. 20, 2026, 10:38 AM

Reviewing CFPB’s amending of ECOA & Regulation B

Tuesday, May. 19, 2026, 10:24 AM

TransUnion’s April Credit Industry Snapshot shows positives for auto finance

Monday, May. 18, 2026, 10:38 AM

Latest Stories

Fitch: Stress in subprime surfaces through auto ABS trends

Auto finance plays role in April bankruptcy filings rising year-over-year

Westlake Portfolio Management adds another $300M to auto segment

This Month's Focus

Artificial Intelligence

Alfa Recon leverages AI to strengthen data migration

Monday, May. 18, 2026, 11:11 AM

Alfa, provider of Alfa Systems, strengthened its data migration toolbox last week with the launch of Alfa Recon, a new artificial intelligence-enabled reconciliation module. Designed to help customers migrate legacy data and acquired portfolios to Alfa Systems more quickly, more ... Read More

Dealer group C-suite executives examine role of AI at auto retailers

Monday, May. 18, 2026, 10:23 AM

Artificial intelligence in auto retail, says Zeigler Auto Group chief operating officer Sam D’Arc, is in a similar place as digital retail was 4-5 years ago. There’s a lot of excitement, but perhaps not a complete understanding of how AI ... Read More

Dealers look to AI for customer experience boost

Monday, May. 18, 2026, 10:10 AM

Sam D’Arc doesn’t remember what his query was when he first used ChatGPT, but the response was fast and accurate. “It caused a little bit of awe and surprise in how well it extracted information into the answer to the ... Read More

Assuring potential buyers about used EV battery health with David Giacobbe of Voltest

Wednesday, May. 20, 2026, 04:01 PM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. One of the key questions buyers ask dealers about ... Listen Here

Why vehicle recalls are becoming more complex and frequent

Wednesday, May. 20, 2026, 03:52 PM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here

Why now is the time used-car leasing might gain sustained momentum

Wednesday, May. 20, 2026, 03:25 PM

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. FlexPath DXP chief executive officer Tarry Shebesta draws on ... Listen Here

3 questions about bankruptcy & repossessions with Weltman, Weinberg & Reis

bankruptcy 2

Wednesday, Sep. 4, 2024, 01:59 PM

SubPrime Auto Finance News Staff

Shareholder Milos Gvozdenovic and attorney Garry Masterson of Weltman, Weinberg & Reis Co. recently addressed some of the most common questions finance companies have about bankruptcy and vehicle repossession. Gvozdenovic and Masterson began by touching on the question that might ... [Read More]

Auto refinancing companies optimistic about future growth

S&P Global Ratings

Wednesday, Sep. 4, 2024, 11:13 AM

SubPrime Auto Finance News Staff

A pair of firms that specialize in auto refinancing — iLending and Way.com — are optimistic about their prospects, especially if the Federal Reserve starts to lower interest rates this month. iLending president Nick Goraczkowski described what it’s been like ... [Read More]

Top 10 vehicles that end up being totaled following crashes

Wednesday, Sep. 4, 2024, 11:13 AM

SubPrime Auto Finance News Staff

A metric that finance companies often watch is the number of vehicles in their portfolio that become a total loss when involved in a crash. Levine and Wiss — a personal injury attorney law firm in New York — recently ... [Read More]

Rhode Island AG continues active pursuit of dealerships with $1M settlement

Tuesday, Sep. 3, 2024, 10:19 AM

SubPrime Auto Finance News Staff

Six more dealerships reached an agreement with the Rhode Island attorney general to settle allegations of deceptive sales practices in the finance office. The settlement announced in August has the dealerships paying more than $1 million in refunds and penalties. ... [Read More]

AFSA asks NH officials to delay major changes to auto financing processes

Friday, Aug. 30, 2024, 10:37 AM

SubPrime Auto Finance News Staff

This week, the American Financial Services Association followed up on its letter to New Hampshire Banking Commission with a petition to state officials asking for a delay of major restructuring of documents associated with the financing and retailing of vehicles ... [Read More]

Longtime Bank of America exec joins Millennium as COO

Wednesday, Aug. 28, 2024, 03:06 PM

SubPrime Auto Finance News Staff

Millennium Capital and Recovery Corp. named its new chief operating officer on Wednesday, selecting former Bank of America senior vice president Don Gordon for the role. The provider of nationwide asset recovery management, skip-tracing and remarketing said Gordon will lead ... [Read More]

Consumer advocates urge CFPB to keep digging with Auto Finance Data Pilot

CFPB seeking more data about repossessions & contract modifications

Wednesday, Aug. 28, 2024, 11:18 AM

SubPrime Auto Finance News Staff

In June, the Consumer Financial Protection Bureau shared seven initial findings from its Auto Finance Data Pilot, deployed in February 2023. A trio of consumer advocates believe the CFPB’s work on this project is far from complete. Those organizations recently ... [Read More]

Near- and Non-Prime Consumer Update reiterates ongoing affordability challenges

Wednesday, Aug. 28, 2024, 11:16 AM

SubPrime Auto Finance News Staff

Open Lending Corp. shared more research on Tuesday reinforcing the affordability dilemma many consumers are facing when securing reliable transportation, especially individuals who fall in the near- and non-prime credit tiers. Using AutoCreditInsight data, Open Lending compiled another Near- and ... [Read More]

S&P Global Ratings sees history repeating itself within subprime ABS

chart_32_1

Tuesday, Aug. 27, 2024, 10:29 AM

SubPrime Auto Finance News Staff

Share a conversation with an executive who has been in subprime auto finance for a decade or two and likely the professional will say, “Yes, I’ve seen that before,” at some point during the exchange. The latest research of managed ... [Read More]

2 studies determine cities & states struggling most with auto delinquency & personal finances

Glenview expands services with bulk loan buying

Monday, Aug. 26, 2024, 12:03 PM

SubPrime Auto Finance News Staff

Separate studies recently released by WalletHub and The Stock Dork compiled lists of cities where auto finance delinquencies are increasing and decreasing the most, as well as states where consumers struggle with personal finances the most. To assemble its analysis ... [Read More]

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