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This Month's Focus

Artificial Intelligence
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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
Dealer group C-suite executives examine role of AI at auto retailers
Monday, May. 18, 2026, 10:23 AM
Artificial intelligence in auto retail, says Zeigler Auto Group chief operating officer Sam D’Arc, is in a similar place as digital retail was 4-5 years ago. There’s a lot of excitement, but perhaps not a complete understanding of how AI ... Read More
Dealers look to AI for customer experience boost
Monday, May. 18, 2026, 10:10 AM
Sam D’Arc doesn’t remember what his query was when he first used ChatGPT, but the response was fast and accurate. “It caused a little bit of awe and surprise in how well it extracted information into the answer to the ... Read More
Flipping EV battery risk into faster sales
Monday, May. 18, 2026, 07:49 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. AVILOO chief executive officer Brett Lippel focused on what ... Listen Here
What actually sells cars on social media?
Monday, May. 18, 2026, 07:42 PM
We begin 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. Bryan Pascual, founder of DealerCarLeads, answers one of the ... Listen Here
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

Nicholas Financial takes interim tag off of CFO

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Friday, Jul. 10, 2020, 02:03 PM
SubPrime Auto Finance News Staff
Nicholas Financial solidified two of its highest leadership positions this week. The subprime auto finance company announced the appointment of Irina Nashtatik as chief financial officer; a role she had been filing in an interim capacity since November. Nicholas Financial ... [Read More]

PODCAST: Why subprime remains resilient even during COVID-19

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Thursday, Jul. 9, 2020, 02:26 PM
SubPrime Auto Finance News Staff
Davis & Gilbert partner Joseph Cioffi makes another podcast appearance to offer more insights about the Credit Chronometer report that surveyed executives from throughout the subprime auto finance sector about the space’s prospects to navigate through the coronavirus pandemic. What ... [Read More]

RISC rolls out employment site tailored for repossession industry

repohiring for web
Wednesday, Jul. 8, 2020, 02:53 PM
SubPrime Auto Finance News Staff
Already a training provider, RISC now is getting involved in the employment part of the repossession and recovery industries. On Tuesday, the firm launched RepoHiring.com in an effort to helps connect collateral recovery industry employers with qualified job seekers. Free ... [Read More]

COMMENTARY: Getting consumers’ payments back on track

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Wednesday, Jul. 8, 2020, 02:46 PM
Louis Ochoa, Servicing Solutions
According to the recently released S&P/Experian Consumer Credit Default Indices, United States auto loan defaults dropped 10 basis points to 0.56% in May. This comes on the heels of the release of Experian’s State of the Automotive Finance Market Report, ... [Read More]

Turner Acceptance partners with TurboPass to boost underwriting

partnership
Tuesday, Jul. 7, 2020, 04:49 PM
SubPrime Auto Finance News Staff
Turner Acceptance is bringing on some technology reinforcement to help the subprime auto finance company navigate its way through underwriting during the coronavirus pandemic. This week, Turner Acceptance finalized a strategic partnership with TurboPass to leverage its universal income validation ... [Read More]

4 finance signs of coronavirus-driven surge toward used vehicles

preowned image
Tuesday, Jul. 7, 2020, 02:08 PM
SubPrime Auto Finance News Staff
The coronavirus pandemic is accelerating consumers’ recognition of more favorable financing terms in connection with used vehicles among other benefits of acquiring a pre-owned model instead of a new car. That’s among the latest findings shared on Tuesday by Edmunds, ... [Read More]

CFPB, OCC to host virtual innovation office hours

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Monday, Jul. 6, 2020, 03:40 PM
SubPrime Auto Finance News Staff
Like so many shops connected with auto financing, federal regulators are working in virtual environments, too. Just before the holiday weekend, the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) announced they will ... [Read More]

Finance companies find 2 ways to trim risk on June new-car paper

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Wednesday, Jul. 1, 2020, 04:10 PM
SubPrime Auto Finance News Staff
While the cost of new vehicles continues to climb, the newest data from Edmunds indicated finance companies are finding ways to mitigate their risk when booking new-model paper. On Wednesday, Edmunds experts reported the average down payment for new vehicles ... [Read More]

Portfolio finalizes acquisition of National Automotive Experts and NWAN

acquisition
Wednesday, Jul. 1, 2020, 04:06 PM
SubPrime Auto Finance News Staff
Portfolio has officially acquired National Automotive Experts and NWAN, uniting two leaders in the F&I product provider, administration and reinsurance space and closing an agreement initially announced in March.  Portfolio president and chief executive officer Brent Griggs noted the world ... [Read More]

APC spots surge in post-delivery VSC sales because of COVID-19

revenue growth
Wednesday, Jul. 1, 2020, 03:44 PM
SubPrime Auto Finance News Staff
While the coronavirus pandemic has created plenty of headaches for dealerships, the ramifications appear to be creating at least one opportunity for store F&I departments. Sales of vehicle service contracts post-sale first spiked in March and then again in April ... [Read More]

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