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This Month's Focus

Turbocharged Finance
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Pete MacInnis for web eLEND Solutions survey to gather information going into Used Car Week
Pete MacInnis, eLEND Solutions CEO and founder, is doing plenty of homework before his appearance at Used Car Week, which begins on Nov. 16 in San Diego. MacInnis is generating real-world data for his presentation titled, “Can Machine Learning Fix ... Read More
3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
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
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

Auto Data Direct rolls out CarLocate in Texas

Nick Zulovich
Help is coming for finance companies and fleet operators that suspect their vehicle collateral might be impounded somewhere in the Lone Star State. Auto Data Direct, a Reynolds and Reynolds company, announced on Tuesday the release of CarLocate in Texas ... [Read More]

Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

SubPrime Auto Finance News Staff
The June Dealertrack Credit Availability Index climbed to the highest level in more than a decade, but the subprime segment isn’t surging to that degree. Cox Automotive reported that the share of loans to subprime borrowers in June declined 10 ... [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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APCO boosts EasyCare footprint via acquisition for second time in less than a week

SubPrime Auto Finance News Staff
APCO Holdings announced an acquisition for the second time in less than a week. On Tuesday, the provider of F&I products and dealer solutions said it has acquired the assets of Fidelity Dealer Services. APCO made a similar move on ... [Read More]

SAFCO promotes CFO to president

SubPrime Auto Finance News Staff
Three years ago, Southern Auto Finance Co. (SAFCO) hired Jason Person as its chief financial officer. On Monday, the subprime auto lender promoted Person to be its president. Throughout his tenure at SAFCO, the company highlighted that Person has demonstrated ... [Read More]

AIADA taps Protective as official vehicle service contract sponsor

SubPrime Auto Finance News Staff
The American International Automobile Dealers Association (AIADA) and Protective Asset Protection made it official this week. AIADA announced a new sponsorship agreement with Protective as the official vehicle service contract (VSC) provider sponsor for the association. The sponsorship connects Protective’s ... [Read More]

3 main growth aids now available through EFG Admin Solutions

SubPrime Auto Finance News Staff
EFG Companies has a new F&I solution for operations in growth mode. On Thursday, EFG launched a new comprehensive product administration platform targeting product providers and administrators seeking to expand their business. According to a news release, EFG Admin Solutions ... [Read More]

APCO deepens roots in Southeast, buys Dealer Performance Group

SubPrime Auto Finance News Staff
APCO Holdings is based in the Southeast and deepened its regional roots via another acquisition announced on Thursday. The provider F&I products and dealer solutions has acquired the assets of Dealer Performance Group (DPG), which enhances EasyCare’s presence across the ... [Read More]

AFSA likes current path of CFPB & complaint database modifications

SubPrime Auto Finance News Staff
The American Financial Services Association likes the path the Consumer Financial Protection Bureau is currently taking and hopes the regulator stays on it. AFSA recapped on Wednesday that the association joined an industry panel earlier this week organized by the ... [Read More]

Lobel Financial hires new chief information officer

SubPrime Auto Finance News Staff
Lobel Financial has a new chief information officer. The consumer finance company specializing in the purchase and servicing of automobile contracts on Monday appointed Ram Krishnan to this role. As its CIO, Krishnan will lead the company’s technology strategy, digital ... [Read More]

Agora Data independent dealer survey pinpoints multiple issues with lender relationships

SubPrime Auto Finance News Staff
Agora Data recently surveyed 114 independent auto dealers whose titles included owners, general managers, sales managers and finance managers. The company sought clarity about the biggest obstacles to closing more deals that need the participation of lenders for financing. The ... [Read More]

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