As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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PODCAST: Why Agora Data’s Steve Burke is so bullish about automotive
Tuesday, Jul. 1, 2025, 09:44 AM

2025 Non-Prime Automotive Financing Industry Survey is ‘more than just numbers’
Monday, Jun. 30, 2025, 10:17 AM

COMMENTARY: Is your payments platform safeguarding compliance?
Thursday, Jun. 26, 2025, 07:07 AM
PassTime and masterQueue finalize strategic partnership at AIS 2019
Friday, Jul. 26, 2019, 03:42 PM
SubPrime Auto Finance News Staff
Cherokee Media Group orchestrated the Automotive Intelligence Summit, so technology-driven companies could interact and network, possibly producing enhanced relationships like the one PassTime and masterQueue announced. As AIS 2019 unfolded this week in North Carolina’s Research Triangle, PassTime, a leading ... [Read More]
CPS modifies staff structure to improve dealer services
Friday, Jul. 26, 2019, 03:25 PM
SubPrime Auto Finance News Staff
Coinciding with the release of its second-quarter performance, Consumer Portfolio Services also discussed a structural reorganization of sales representatives and origination staff to cater to dealerships in its origination network more effectively. CPS reported this week that it closed the ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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CFPB: More than 1 in 4 consumers with a credit report have debt in collections
Monday, Jul. 22, 2019, 04:22 PM
SubPrime Auto Finance News Staff
If a representative from your collections department is trying to find the person who is behind on their vehicle retail installment sales contract, a reasonable chance exists that other organizations are seeking the whereabouts of that individual, too, because of ... [Read More]
Budco Financial integrates with Darwin Automotive
Monday, Jul. 22, 2019, 03:17 PM
SubPrime Auto Finance News Staff
On Monday, Budco Financial announced the integration of its 0% payment plan services into the entire suite of Darwin Automotive F&I software solutions. Officials explained Budco Financial’s addition to the Darwin F&I and Service menus, digital retailing solution and the new ... [Read More]
Subprime US auto loan ABS performance mixed in May
Monday, Jul. 22, 2019, 03:15 PM
SubPrime Auto Finance News Staff
Collateral performance in the subprime U.S. auto loan asset-backed securities (ABS) sector in May was mixed, according to the most recent S&P Global Ratings report. Analysts discovered subprime auto loan ABS month-to-month declines in both losses and recoveries during May. ... [Read More]
Hurzeler continuing leadership career with Flagship
Friday, Jul. 19, 2019, 02:41 PM
SubPrime Auto Finance News Staff
A recognized name in the auto-finance space now is leading Flagship Credit Acceptance, which is setting its sights on continued growth. The finance company announced this week that Bob Hurzeler joined Flagship as its chief executive officer and as a ... [Read More]
Westlake sets company ABS record with 5th consecutive offering above $1B
Friday, Jul. 19, 2019, 02:37 PM
SubPrime Auto Finance News Staff
This week, Westlake Financial Services finalized another securitization above $1 billion, setting a new company record in the process. Westlake announced the closing of its 19th asset-backed securitization (WLAKE 19-2) at $1.2 billion. This latest securitization is the largest ever ... [Read More]
FASB board takes step to delay CECL implementation
Thursday, Jul. 18, 2019, 02:36 PM
Nick Zulovich, Senior Editor
Perhaps accounting specialists at some auto-finance companies and buy-here, pay-here dealerships can exhale a bit as major new mandates involving how they track bad debts might not be implemented for another year. An update from the Financial Accounting Standards Board ... [Read More]
ARA unveils new health insurance program for members
Wednesday, Jul. 17, 2019, 04:37 PM
SubPrime Auto Finance News Staff
The American Recovery Association is looking to help members with one of the most important benefits repossession agencies can offer their employees. This week, ARA, in partnership with Harding Brooks Insurance Agency, announced the newest member benefit: a national, cost-effective ... [Read More]
CUNA Mutual Group spots middle-class financial anxiety growing
Wednesday, Jul. 17, 2019, 04:08 PM
SubPrime Auto Finance News Staff
Consumers who might be connected to an installment contract in your portfolio could be a little uneasy about staying current even as the latest reading showed defaults stayed steady. Middle-class Americans are less optimistic about their ability to achieve upward ... [Read More]
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