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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

Lender Directory Goes Live on the SubPrime Auto Finance News Site

Thursday, Aug. 14, 2008, 12:00 AM
Nick Zulovich
CARY, N.C., and PHOENIX — The Lender Directory, which features almost 100 auto lenders throughout the U.S., is now available on the SubPrime Auto Finance News site. To access the directory, hover your mouse on "News" in the blue bar above this story, and ... [Read More]

Universal Special Auto Finance Ramps Up Expansion

Thursday, Aug. 14, 2008, 12:00 AM
Nick Zulovich
GREENWOOD VILLAGE, Colo. — As many national lenders cut back on their auto lending spectrum, or pull out of the market altogether, Universal Special Auto Finance reported that it is continuing to expand its business model to provide services across the ... [Read More]

The Mint Leasing Begins OTC Trading to Help Raise Capital for Continued Growth

Thursday, Aug. 14, 2008, 12:00 AM
Nick Zulovich
HOUSTON — In a time when many leasing companies are reducing business due to residual losses, The Mint Leasing Inc., which primarily offers leasing services to customers in Texas, Alabama, Arkansas, Mississippi, Georgia, Tennessee and Florida, is growing. It recently announced that the company has ... [Read More]

Consumer Portfolio Services Revamps Web Site

Thursday, Aug. 14, 2008, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services recently announced that it has launched a redesigned Web site. Visitors to the new site can now find it easier and faster to access and download important information, according to officials. "We wanted to have ... [Read More]

Fed: Average Amount Financed Continues Decline

Tuesday, Aug. 12, 2008, 12:00 AM
Nick Zulovich
WASHINGTON — The average amount financed on a new-vehicle loan via an auto lender continued its descent in June, declining to $24,505, compared with $24,579 in May and $27,397 in April. The last time this figure was down so much was back ... [Read More]

Comerica: Auto Affordability Hits 28-Year High

Tuesday, Aug. 12, 2008, 12:00 AM
Nick Zulovich
DALLAS — Consumers still in the market for a new vehicle are turning to cheaper models, according to Comerica's chief economist. This trend led the bank's affordability index to its highest level in almost 30 years. The purchase of an average-priced ... [Read More]

Chrysler Financial Names CEO, COO

Tuesday, Aug. 12, 2008, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — On Monday, Chrysler Financial announced it has implemented some executive moves to further strengthen the company's focus on its core business. Taking on the newly created position of vice chairman and chief executive officer is Thomas Gilman. Basically, ... [Read More]

DealerTrack Revises Full-Year Guidance, Reports Fewer Network Transactions

Tuesday, Aug. 12, 2008, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — With sales down throughout the country, not only are automakers and dealers getting hurt, but so, too, are lenders and the platforms that rely on them to bolster profits. One such instance can be found in the ... [Read More]

Fitch Predicts Difficult Times Ahead for U.S. Dealer Floor Plan ABS

Thursday, Aug. 7, 2008, 12:00 AM
Nick Zulovich
NEW YORK and CHICAGO — The weakened U.S. economy, declining dealership profitability impacted by a stressed U.S. vehicle sales environment and the weak credit profiles of U.S. auto manufacturers will lead to worsening asset performance of U.S. auto-related dealer floor plan asset-backed ... [Read More]

ACIG Selects Peak5 to Service Auto Loan Portfolio

Thursday, Aug. 7, 2008, 12:00 AM
Nick Zulovich
DENVER, Colo. — Access Capital Investment Group recently acquired a $34 million auto loan portfolio and has chosen Peak5 to service and collect on the new loans. "We chose Peak5 to service this portfolio because they provide superior back end collection ... [Read More]

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