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This Month's Focus

Artificial Intelligence
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Kia Georgia leverages AI drones to save money and time on onerous fence patrols
Tuesday, May. 26, 2026, 03:02 PM
A 14.2-mile interior fence. Tough terrain. Multiple security personnel. Two or three vehicles churned from wear and tear annually. A looming United States Customs Trade Partnership Against Terrorism (CTPAT) audit in jeopardy. These were the challenges Kia Georgia faced because ... Read More
Impel, Phyron launch AI systems to drive customer engagement through dealership video
Thursday, May. 21, 2026, 02:34 PM
When it comes to capturing customer engagement, video is king. But the busy world of a car dealership isn’t necessarily the best environment for consistently creating effective video content. “Video sells. We’ve known that for years,” said Paul Hepp, director ... Read More
Alfa Recon leverages AI to strengthen data migration
Monday, May. 18, 2026, 11:11 AM
Alfa, provider of Alfa Systems, strengthened its data migration toolbox last week with the launch of Alfa Recon, a new artificial intelligence-enabled reconciliation module. Designed to help customers migrate legacy data and acquired portfolios to Alfa Systems more quickly, more ... Read More
TransUnion on intriguing trends involving used cars sold in 2025
Tuesday, May. 26, 2026, 06:42 PM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During previous events hosted by Cherokee Media Group, TJ ... Listen Here
Experian Automotive on using data the right way to protect used-car profits
Friday, May. 22, 2026, 10:50 AM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. During a candid conversation with Cherokee Media Group’s Andrew ... Listen Here
Closing the appraisal divide with Brad Kokesh of TraXtion
Friday, May. 22, 2026, 10:38 AM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here

Crédito Real USA Finance gains new Mexican ownership

merger and acqusition red greeen and white_13_0 (1)
Friday, Apr. 21, 2023, 10:29 AM
SubPrime Auto Finance News Staff
Crédito Real USA Finance (CRUSAFin) — whose roots stem from AFS Acceptance that began originating subprime auto financing with independent dealerships more than 15 years ago — gained new ownership this week. Bepensa Capital announced through a news release that ... [Read More]

Advanced Dealer Solutions taps Osborne as GM

new hire 2
Friday, Apr. 21, 2023, 10:29 AM
SubPrime Auto Finance News Staff
This week, Advanced Dealer Solutions welcomed Bruce Osborne as general manager, bringing three decades of experience serving the F&I industry in a variety of roles since making his start in automotive retail. The full-service, dealer development agency focused on automotive, ... [Read More]

FTC extends public comment period involving proposed rule over noncompete clauses

FTC seeks additional annual funding for employees & IT resources
Monday, Apr. 17, 2023, 11:44 AM
SubPrime Auto Finance News Staff
Perhaps in part because of concerns raised by the National Independent Automobile Dealers Association, U.S. Chamber of Commerce and dozens of other associations, the Federal Trade Commission is allowing for more time to receive information regarding its proposed rule to ... [Read More]

23 awards given during ARA Convention & NARS 2023

Thursday, Apr. 13, 2023, 04:30 PM
SubPrime Auto Finance News Staff
Last week’s repossession industry events hosted by the American Recovery Association included the awarding of 23 honors by the organization as well as DRN. First during ARA’s 59th annual convention, the association gave the following honors: Key Award Marcus Potter ... [Read More]

While auto credit loosened in March, deeper details tell different stories

Thursday, Apr. 13, 2023, 10:56 AM
SubPrime Auto Finance News Staff
Along with examining the employment scene, Cox Automotive tried to decipher how easily dealerships could get contracts bought in March by their networks of finance companies. According to the Dealertrack Credit Availability Index, access to auto credit loosened slightly in ... [Read More]

Allied Solutions forges partnership with MANTL

partnership picture
Wednesday, Apr. 12, 2023, 12:00 PM
Nick Zulovich
Allied Solutions added to its portfolio of industry partnerships last week. The providers of insurance, financing, risk management and data-enabled products announced a new relationship with MANTL, a leading provider of account origination solutions for banks and credit unions. Allied ... [Read More]

Equifax, Experian & TransUnion remove medical collections debt under $500 on credit reports

credit report image
Tuesday, Apr. 11, 2023, 10:22 AM
SubPrime Auto Finance News Staff
In a move that could influence auto finance underwriting, Equifax, Experian and TransUnion jointly announced on Tuesday that medical collection debt with an initial reported balance of less than $500 has been removed from U.S. consumer credit reports. With this ... [Read More]

F&I survey shows majority of managers earn total income of at least $250K

Tuesday, Apr. 4, 2023, 04:39 PM
SubPrime Auto Finance News Staff
Want to make major money at a dealership? Be a successful F&I director. According to the 2023 survey of F&I managers and directors orchestrated by Finance Manager Training, 35% of professionals who participated earned total income of $250,000 or more. ... [Read More]

Sunbit expands pay-over-time solutions to F&I departments

young couple at dealership 1239762601
Tuesday, Apr. 4, 2023, 04:38 PM
SubPrime Auto Finance News Staff
Sunbit recently announced that it has expanded its footprint within auto dealerships, now offering its technology to power pay-over-time solutions to F&I departments. The company building financial technology for everyday expenses explained that this expansion will allow F&I departments to ... [Read More]

CFPB releases new policy statement about abusive conduct

compliance pic
Tuesday, Apr. 4, 2023, 10:42 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) is looking to clarify what constitutes abusive conduct in consumer financial markets. On Monday, the bureau issued a policy statement that the regulator said explains the legal prohibition of that abusive conduct and summarizes ... [Read More]

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