FORT LAUDERDALE, Fla. — In just two years, Scot Seagrave
has navigated his way to be president of AFS Acceptance.

The company promoted Seagrave — one of the speakers at the
inaugural SubPrime Forum next month — citing his effectiveness of steering the
transformation of the loan origination team into a cohesive unit delivering
consistent and efficient solutions to AFS dealer partners.

Seagrave first joined AFS Acceptance in 2011 as executive
vice president of loan originations.

The company highlighted Seagrave has demonstrated to be a
progressive and effective leader driving improvements and efficiency across the
organization.

Prior to his tenure with AFS, Seagrave worked as senior vice
president for Prestige Financial Services in the same role.

In his new post as president, the company indicated Seagrave
will have overall responsibility for the sales and operations areas of the
company, which include loan originations, loan servicing, human resources and
other divisions critical to the mission of AFS.

The company also mentioned Seagrave will continue to drive
the growth and execution of corporate culture, corporate strategy, operational
and technical efficiencies, and advance continuing efforts to improve the
service and overall profitability to all divisions.

In looking forward to the new role Seagrave said, "AFS has
experienced solid growth in the last few years and I'm excited to work with our
phenomenal team to accomplish our goal of becoming one of the premier auto
finance companies in the country.

"We are well positioned to increase our market share and we
will continue to work hard to strengthen our relationships with dealers around
the country," he continued.

Dov Szapiro will remains chief executive officer and
continue to have overall executive responsibility for the company. Szapiro
described Seagrave this way.

"Scot is a remarkable leader. In the two years that we've
worked together, he has demonstrated a rare ability to blend tremendous
passion, ingenuity and creativity, with a deep knowledge and understanding of
the business," Szapiro said.

"Scot's organizational vision and cultural initiatives are
impactful, inspirational and fun. I'm looking forward to seeing him drive the
next stage of the company's evolution, and the resulting transformation,
innovation and market leadership that will come from it," Szapiro went on to
say.

With Seagrave's appointment to [resident, the company also
announced that co-founder and managing partner, Uri Szapiro, will now serve as
the full-time executive chairman, focusing on strategic planning and corporate
development initiatives, including corporate vision, organizational culture,
and other business growth opportunities.

Seagrave will be a part of the wide array of executives and
experts at the SubPrime Forum, the newest addition to Used Car Week.

The SubPrime Forum will be presented by SubPrime Auto
Finance News and SubPrimeNews.com, in affiliation with the National Automotive
Finance Association. on Nov. 12 and 13 at the Manchester Grand Hyatt in San
Diego. Along with Seagrave, other speakers include:

—Ian Anderson, president of Westlake Financial Services

—Charles Bradley Jr., chief executive officer of Consumer
Portfolio Services

—Steve Hall, president and CEO of DriversSelect

—Jonathan Banks, NADA Used Car Guide

—Mary Benaknin, Mile One Automotive

—Jeff Bunch, Black Book Lender Solutions

—Melinda Zabritski, Experian Automotive

"Interest in the SubPrime Forum from all corners of the
automotive industry continues to intensify," Used Car Week chairman Bill
Zadeits said. "Having executives of this caliber is going to make the inaugural
SubPrime Forum one to remember. As more noteworthy developments within this
segment of the auto finance industry come along, the perspective from all of
these participants will provide a great return for attendees."

The SubPrime Forum will provide data, knowledge, insight and
powerful business networking opportunities to spur innovation and drive growth
in the subprime auto finance marketplace.

More details about the SubPrime Forum as well as the rest of
the series of events including the CPO | The Pre-Owned Conference, the Re3
Conference and the National Remarketing Conference can be found at
www.usedcarweek.biz.

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.


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