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This Month's Focus

Turbocharged Finance
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Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
CarLocal.io enhances automotive AI answer engine
Your family group chat might now be filled with images created with artificial-intelligence tools that highlight what your aunt would look like with a different hairstyle or your uncle’s appearance if he dropped 50 pounds. Car shoppers are also using ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

Consumer Portfolio Services Secures $10 Million in Financing

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services, which specializes in purchasing and servicing new- and used-retail auto contracts, announced this morning that it has closed a new $10 million senior secured financing with an affiliate of Levine Leichtman Capital Partners. The company indicated ... [Read More]

Wolters Kluwer Financial Services Partners with CNCDA to Offer Installment Contracts

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that it has partnered with the California New Car Dealers Association to develop and market Wolters Kluwer Financial Services' automotive retail installment sale contracts. The company noted that it markets its retail contracts ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

AI & Auto Finance: An Expert Guide to Using This Technology

This 26-page ebook from Cherokee Media Group, sponsored by dotData, brings together insights from nine experts on how artificial intelligence...
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Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Chrysler Financial Celebrates Technological Milestones

Nick Zulovich
FARMINGTON HILLS, Mich. — Chrysler Financial recently announced its automated contract origination process has reached several industry breakthroughs. AutOrigination First Early this year Chrysler Financial completed a series of enhancements to its AutOrigination product to enable additional dealer service providers to ... [Read More]

First Advantage CREDCO Launches New Tools for Dealers

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO recently announced the introduction of ACT Portfolio Management solutions to help dealers better manage their portfolio, as well as improve their collection and recovery process by monitoring customer financial and credit behaviors. Basically, the solutions ... [Read More]

AFCD to Offer Dealers a Direct Mail Marketing Campaign Targeting Subprime Customers

Nick Zulovich
CARMEL, Ind. — Automotive Finance Consumer Division, a part of KAR Holdings, announced this week that it will begin offering its dealers a bankruptcy direct mail marketing program through Allegiant Marketing Group. AMG is based out of Oklahoma City, Okla., and ... [Read More]

Former AppOne COO Named President of New Portfolio Purchaser

Nick Zulovich
ARLINGTON, Texas — Ken Burke, chief executive officer of Southside Financial Group, which was recently founded to specialize in acquiring auto portfolios, announced the name of the company's president. Taking on the position is Gary Perdue, a 30-year auto finance veteran. ... [Read More]

To Better React to Market Conditions, Chrysler Financial Partners with Nomis Solutions

Nick Zulovich
SAN BRUNO, Calif. — Nomis Solutions today announced that Chrysler Financial has selected its Price Optimizer for Auto Finance to invest in new pricing technology. The solution is expected to provide Chrysler Financial with improved continuity and efficiency in each of ... [Read More]

Compli Adds Record Level of Content to System

Nick Zulovich
PORTLAND, Ore. — Compli recently announced that it is adding more than 100 new electronic compliance content items on its Compli Dealership Compliance Management System, effective June 30. These items will facilitate a more robust "Good Faith" compliance effort that addresses ... [Read More]

GM Reinstitutes Zero-Percent Financing on Select Models to Better Compete

Nick Zulovich
DETROIT — A General Motors spokesperson told SubPrime Auto Finance News this morning that the automaker kicked off a 72-Hour Sale today that features zero-percent financing for up to 72 months on select 2008 models. This offer is only available for ... [Read More]

MyAutoLoan.com Provides Finance Center to Auto Sites

Nick Zulovich
NORFOLK, Va. and IRVING, Texas — AutoExtra.com and AutoMart.com both announced they have partnered with myAutoloan.com, which has launched financing programs on each of the respective Web sites. The Auto Finance Center, powered by myAutoloan.com, is designed to allow AutoExtra.com ... [Read More]

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