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This Month's Focus

Artificial Intelligence
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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
Inside the ‘architectural mismatch’ between AI capabilities & dealer needs
Monday, May. 11, 2026, 09:42 AM
A new survey report from LotLinx asserts that in its current form, “AI is broken for dealers.” The company contends the era of “one-size-fits-all artificial intelligence” is over for auto dealers. The recent survey of 215 executives from both franchised ... Read More
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
Byron Oldham of Honest Autos & FIADA
Monday, Apr. 27, 2026, 07:47 PM
Byron Oldham is president of the family-owned Honest Autos dealership and is president of the board at the Florida Independent Automobile Dealers Association. In this episode, Oldham talks with Cherokee Media Group senior editor Joe Overby about the upcoming Southeast ... Listen Here
Automotive CFO-To-Go Kathi Kruse talks dealership finance, accounting in ‘lightning round’
Sunday, Apr. 19, 2026, 04:27 AM
Kathi Kruse, the Automotive CFO-To-Go who brings her financial expertise — born through years of experience as a dealership chief financial officer — to dealers needing help in that area, is back on the Auto Remarketing Podcast. In this episode, ... Listen Here

Peak5 Announces New Senior VP of Ops

Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — Peak5 recently announced the addition of a new senior vice president of operations. Taking on this role is Todd Klem. Klem has extensive experience managing call center and collection processes over the last 20 years. He most recently ... [Read More]

Westlake Financial Extends National Footprint, Realigns Origination Departments

Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced it has expanded into three additional states, including North Dakota, South Dakota and Montana. With these three new states, Westlake said it will now originate auto loan contracts in 34 states throughout the United ... [Read More]

Subaru Dealers Gain New GAP Product for Customers

Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
CHERRY HILL, N.J. — Subaru and Subaru Motors Finance recently announced the launch of a new GAP product for franchised dealers. Subaru Equity Shield is a product designed to protect Subaru customers against unforeseen losses. It is distributed through Subaru ... [Read More]

Ford Credit Hit with Steep Charge on Lease-End Residuals

Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit completed its North America operating lease review over the second quarter and reported today that it is taking a hefty hit after discovering that lease-end residual values will likely be significantly lower than previously expected ... [Read More]

Toyota Financial Services Shuffles Management

Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services announced three major senior executive moves earlier this week, in additional to naming a new chief information officer. All changes are slated to take effect July 28. After nine years of leading the company's finance ... [Read More]

Former GMAC Counsel Joins Hudson Cook

Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
HANOVER, Md. — Hudson Cook LLP recently announced the addition of Thomas Buiteweg as a partner at the firm's Ann Arbor, Mich., office. Buiteweg will focus his practice on federal and state consumer financial services laws, with particular emphasis on automotive financing. ... [Read More]

Former Drive Financial Execs Leverage Experience to Re-Enter Marketplace with New Subprime Lender

Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
DALLAS — In an exclusive interview with SubPrime Auto Finance News, Inspire Auto Finance, a subprime auto finance lender, announced its entry into the market. The management team spent 18 months developing a custom technology solution and reworking its subprime lending ... [Read More]

Exeter’s Expansion Plan Gains Momentum

Tuesday, Jul. 22, 2008, 12:00 AM
Nick Zulovich
IRVING, Texas — Exeter Finance Corp., subprime auto contract purchaser, reported that it continues to make progress on its expansion plan. On Monday, the company announced the opening of its sixth branch office, with the latest located in Manchester, N.H. According ... [Read More]

DealerTrack Achieves New High in Finance Source Partners

Tuesday, Jul. 22, 2008, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Monday that it has hit a new milestone in the number of finance sources connected to its platform — 700. "We are very pleased to reach this milestone of 700 connected financing sources, significantly more ... [Read More]

AppOne Adds New Finance Source to Platform

Tuesday, Jul. 22, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]

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