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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

Black Book Launches Collateral Risk Scores for Lenders

Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
GAINESVILLE, Ga. — Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios? Black Book believes it has ... [Read More]

CFPB Unveils & Explains New Supervision and Examination Manual

Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently released the CFPB Supervision and Examination Manual — a guide for examiners to use in overseeing companies that provide consumer financial products and services such as auto loans. CFPB's manual is geared ... [Read More]

Hotel Deadline Approaches for Used Car Week Conferences

Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
CARY, N.C. — The deadline for reserving a room for the Used Car Week Conferences at the exclusive conference rate is quickly approaching, according to Cherokee Automotive Group executives. According to conference organizers, Friday is the last day that the ... [Read More]

Drive Time Chooses Inilex as GPS Solutions Provider

Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
PHOENIX — Buy-here, pay-here dealership chain Drive Time revealed this week it has chosen Inilex as its supplier of GPS-based vehicle tracking and recovery solutions. Speaking on the recent news Drive Time managing director John Gersitz said, “We look forward ... [Read More]

S&P/Experian: Auto Loans Only Credit Segment to Show Month-Over-Month Improvement

Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
NEW YORK — The S&P/Experian Consumer Credit Default Indices all climbed based on data through September, except one category — auto loans. The auto loan default reading actually dipped from 1.31 percent in August to 1.29 percent in September, S&P ... [Read More]

Chase, Aston Martin Partner for Retail Subvention Program

Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — To assist high-end luxury vehicle buyers, Chase Auto Finance and Aston Martin the Americas announced this week an expansion of their relationship, with the lender becoming the exclusive provider of financing for the brand's first U.S. retail subvention program. Officials explained ... [Read More]

CIVC Acquires Honor Finance

Tuesday, Oct. 18, 2011, 12:00 AM
Nick Zulovich
CHICAGO — CIVC Partners, a Chicago-based private investment firm, recently joined with management and existing shareholders to acquire Honor Finance. In conjunction with this announcement, Honor revealed it has secured a new line of credit from Wells Fargo Preferred Capital. Officials recapped Honor ... [Read More]

GM Financial Set to Launch Commercial Lending for Dealers

Tuesday, Oct. 18, 2011, 12:00 AM
Nick Zulovich
SCOTTSDALE, Ariz. — General Motors Financial president and chief executive officer Dan Berce put a specific date on when GM dealers can use the company for their commercial needs, not just to finance subprime buyers. Berce told an investor gathering ... [Read More]

Southside Financial to Purchase Subprime Portfolios from Dealers

Tuesday, Oct. 18, 2011, 12:00 AM
Nick Zulovich
ARLINGTON, Texas — Southside Financial Group revealed Monday the launch of a program to purchase near-prime and subprime auto loan portfolios from franchised and independent dealers throughout the country. The program — launched in an effort to help dealers achieve greater liquidity ... [Read More]

TCF Financial to Acquire Gateway One by Year-End

Tuesday, Oct. 18, 2011, 12:00 AM
Nick Zulovich
WAYZATA, Minn. — TFC Financial Corp. recently announced its subsidiary — TFC National Bank — has signed a definitive agreement to acquire Gateway One Lending & Finance, LLC. Headquartered in Anaheim, Calif., Gateway One is a privately held lending company ... [Read More]

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