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This Month's Focus

Artificial Intelligence
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Urban Science survey: Dealers confident in sales process, wary of AI for lead follow-ups
Friday, May. 15, 2026, 11:48 AM
The sixth annual automotive research study by Urban Science in collaboration with The Harris Poll highlighted that nine in 10 U.S. car buyers said a traditional dealership is their top choice for purchasing a vehicle. Now let’s delve deeper into ... Read More
Bain Survey: Few Companies Ready for Sustainability Rules (24%) Building on three-year partnership, Bain invests in OpenAI Deployment Company
Wednesday, May. 13, 2026, 12:13 PM
Bain & Company today announced an investment in the Deployment Company, a new venture launched by OpenAI with 19 global partners. According to a news release, the OpenAI Deployment Company is built to help businesses deploy artificial intelligence across their ... Read More
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
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

AIR welcomes passage of Illinois law involving data contained in repossessed vehicles

Wednesday, Aug. 16, 2023, 11:32 AM
SubPrime Auto Finance News Staff
The Alliance of Illinois Repossessors (AIR) cheered the signing of SB 0800 into law by Gov. J.B. Pritzer, a development the organization said solidified the nation’s first law related to consumer data protection and repossessed vehicles. The July 28 signing ... [Read More]

Auto data roundup: July defaults & August average interest rates

latest news
Tuesday, Aug. 15, 2023, 10:52 AM
Nick Zulovich, Senior Editor
Multiple sources of auto-finance data and more intriguing economic trends surfaced in recent days, with experts touching on defaults, interest rates and the possibility of a recession. Let’s begin this roundup with the auto portion of the S&P/Experian Consumer Credit ... [Read More]

Auto credit availability improves to best level since March

Monday, Aug. 14, 2023, 12:07 PM
SubPrime Auto Finance News Staff
Cox Automotive noticed that July was the best conditions to get your paper bought since March, but the subprime share still softened. The July reading of Dealertrack Credit Availability Index came in at 97.4, marking the second straight month of ... [Read More]

Formula Automotive rolls out warranty reimbursement services

Monday, Aug. 14, 2023, 12:03 PM
SubPrime Auto Finance News Staff
Formula Automotive Consulting and Technologies, a new company specializing in warranty reimbursement for automotive dealers, announced the official launch of its consultative services. Spearheaded by fixed operations experts, Formula Automotive looks to solve the pain point of warranty rate disparity ... [Read More]

TransUnion spots 2 possible upbeat trends from Q2

Friday, Aug. 11, 2023, 10:47 AM
SubPrime Auto Finance News Staff
Perhaps two trends from the auto segment of the Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion might calm finance companies on the risk front. TransUnion reported the average amounts financed for new vehicles have stabilized year-over-year, while ... [Read More]

ARA hires Tony Long as new executive director  

Thursday, Aug. 10, 2023, 10:10 AM
SubPrime Auto Finance News Staff
The American Recovery Association previously stated that the organization’s next executive director would have to possess eight distinct characteristics, including industry experience, public speaking ability and more. The ARA found its next professional leader, announcing well-known industry figure Tony Long ... [Read More]

Davis+Gilbert achieves Mansfield Certification Plus

Wednesday, Aug. 9, 2023, 12:08 PM
SubPrime Auto Finance News Staff
Davis+Gilbert announced that the law firm has achieved Mansfield Certification Plus status as part of its ongoing commitment to diversity, equity and inclusion (DEI). The firm highlighted its Certification Plus status indicates that, in addition to meeting the consideration and ... [Read More]

KBB: July marks smallest uptick in new-model retail prices in 10 years

car and money 1406114906
Wednesday, Aug. 9, 2023, 12:05 PM
SubPrime Auto Finance News Staff
New vehicles might still be out of reach for many customers who land in the subprime credit tier. But the latest data from Kelley Blue Book showed that perhaps the prospects for putting a subprime consumer into a new model ... [Read More]

3 executive moves at EFG Companies

Tuesday, Aug. 8, 2023, 11:58 AM
SubPrime Auto Finance News Staff
After recently highlighting an employee survey about its positive workplace, EFG Companies expanded its leadership team on Tuesday, reflecting growth opportunities in powersports, dealership training, and profit participation programs. Among the three executive moves, EFG said Adam Ouart has been ... [Read More]

APCO Holdings recaps finalizations of 4 acquisitions

merger and acquisition pic on table
Monday, Aug. 7, 2023, 11:33 AM
SubPrime Auto Finance News Staff
It’s been a busy year on the acquisition front for APCO Holdings. On Monday, the provider and administrator of automotive F&I products and home to the EasyCare, National Auto Care, GWC Warranty and MemberCare brands recapped that it has completed ... [Read More]

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