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This Month's Focus

Artificial Intelligence
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EY study shows Canadians still cautious about AI but using it more for everyday activities
Monday, May. 11, 2026, 03:00 PM
This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More
Carfluent’s new AI tool helps dealerships beat aggregators in searches
Monday, May. 11, 2026, 09:51 AM
A growing percentage of consumers now use artificial intelligence as what marketplace Cars.com describes as a “trusted co-pilot” in their search for a vehicle to purchase. Meanwhile, other studies suggest that dealership websites are not visible to many of those ... Read More
ChatGPT app represents the latest step in CarMax’s ongoing AI evolution
Monday, May. 11, 2026, 09:45 AM
Yes, it’s AI — everyone’s favorite buzzword. But when it comes down to it, artificial intelligence is only part of what CarMax’s new ChatGPT app is all about. The company billed as the nation’s largest used-car retailer touted the app, ... Read More
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
FICO’s Shams Blanc on lenders sharpening underwriting & more
Wednesday, Apr. 29, 2026, 03:54 PM
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

AFSA offers 8 recommendations to smooth CFPB complaint database issues

CFPB files lawsuit against US Auto Sales servicer
Friday, Mar. 6, 2026, 09:39 AM
SubPrime Auto Finance News Staff
American Financial Services Association general counsel Philip Bohi sent a letter this week to Consumer Financial Protection Bureau acting director Russell Vought, addressing an information request from the regulator about its consumer response intake form. AFSA said the CFPB made ... [Read More]

Experian: Subprime financing originated during a Q4 climbs to highest level in four years

Thursday, Mar. 5, 2026, 11:06 AM
SubPrime Auto Finance News Staff
Call it the subprime surge. According to Experian’s State of the Automotive Finance Market Report: Q4 2025, subprime consumers made up 15.31% of total vehicle financing in the quarter. That’s up from 14.54% in the closing quarter of 2024. Furthermore, ... [Read More]

Used Car Summit’s auto finance roundtable to foster conversations about collections, risk management & more

Wednesday, Mar. 4, 2026, 02:44 PM
SubPrime Auto Finance News Staff
We’ve got some new and exciting ideas being implemented at the Used Car Industry Summit this spring. Day 3 of the event, which runs April 13-15 in Miami, will include a morning of deep-dive roundtable discussions. These roundtables will allow ... [Read More]

Assurant adds another location offering training on Reynolds docuPAD eContracting system

Wednesday, Mar. 4, 2026, 11:33 AM
SubPrime Auto Finance News Staff
F&I managers looking to polish their skills using the Reynolds and Reynolds docuPAD eContracting system can take advantage of an exclusive program now offered at the Automotive Training Academy by Assurant in Atlanta. Assurant expanded access for automotive professionals beyond ... [Read More]

Vervent expands relationship with Quanta Credit Services to handle Tricolor portfolio

Wednesday, Mar. 4, 2026, 11:32 AM
SubPrime Auto Finance News Staff
Vervent got some help with its successor servicing responsibilities for the majority of Tricolor Holdings’ approximately 100,000 subprime auto loans by announcing an expanded partnership with Quanta Credit Services on Tuesday. Vervent began taking on successor servicing chores last fall ... [Read More]

More mixed views of consumer confidence create added headwinds for vehicle purchase plans

Tuesday, Mar. 3, 2026, 10:30 AM
SubPrime Auto Finance News Staff
How consumers are really doing and feeling nowadays varies significantly depending on which measurement you are viewing. Confidence is up, but so is stress. While the Conference Board’s Consumer Confidence Index increased in February, the LegalShield Consumer Stress Legal Index ... [Read More]

Startup gives 7-step plan using tax refunds to help consumers with thin credit histories

Monday, Mar. 2, 2026, 10:33 AM
SubPrime Auto Finance News Staff
A startup dedicated to building a more inclusive credit system recently released new financial guidance tailored for consumers with no or thin credit histories on what to do with their federal tax refunds. According to the third update for this ... [Read More]

Agora Data & Figure Technologies to launch first blockchain-based auto loan platform for real-world assets

Monday, Mar. 2, 2026, 10:33 AM
Nick Zulovich
A recently formed partnership is bringing blockchain technology to the non-prime auto finance industry, with dealerships being among the intended beneficiaries. Agora Data and Figure Technology Solutions are collaborating to launch what they claim is the first blockchain-enabled platform, bringing ... [Read More]

Fed’s Bowman outlines path to ‘tailored’ supervision

Friday, Feb. 27, 2026, 10:44 AM
SubPrime Auto Finance News Staff
Michelle Bowman, who serves as vice chair for supervision at the Federal Reserve, testified on Thursday during a hearing in Washington, D.C., hosted by the Senate Banking Committee. How Bowman said the Federal Reserve approaches supervisory and regulatory activities of ... [Read More]

January VantageScore report shows how affordability impact is chipping away at consumer credit health

Thursday, Feb. 26, 2026, 10:50 AM
SubPrime Auto Finance News Staff
Experts from VantageScore are taking measured reactions when reviewing the January data highlighted in the latest edition of CreditGauge — a report that showed modest upticks in overall delinquency rates and slight deterioration in credit scores. Looking at overall delinquency ... [Read More]

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