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This Month's Focus

Turbocharged Finance
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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
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... 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

FTC offers updates on COVID-19 connected complaints, scams and enforcement moves

covid 19 image for website
SubPrime Auto Finance News Staff
The ongoing COVID-19 pandemic is keeping the Federal Trade Commission busy. Andrew Smith, who is the bureau of consumer protection director at the FTC, testified at a U.S. Senate hearing on Tuesday. Smith said that to date, the FTC has ... [Read More]

Launcher, Neo partner to provide comprehensive loan scoring algorithms

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SubPrime Auto Finance News Staff
This week, Launcher Solutions announced its third major development since the second half of May. The newest one involved the technology provider specializing in automotive finance originations finalizing an integration partnership with Neo to help finance companies build a stronger ... [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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Auto defaults now at lowest point in 10 years

June 2020 default Indices
SubPrime Auto Finance News Staff
For what it’s worth amid so much uncertainty nowadays triggered by the coronavirus pandemic, auto-finance defaults are at the lowest point recorded by S&P Dow Jones Indices and Experian going back 10 years. According the data through June released on ... [Read More]

KBRA, S&P continue to investigate contract modifications via latest auto ABS updates

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SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) and S&P Global Ratings continued to use their examinations of the U.S. auto loan asset-backed securities (ABS) market to offer a look not only at that particular segment but also views on what the overall ... [Read More]

Darwin Automotive lands partnerships with EasyCare and GWC Warranty

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SubPrime Auto Finance News Staff
Darwin Automotive formed partnerships this week with two other companies in the F&I space. According to news releases from the firms, both EasyCare and GWC Warranty will be a preferred partner for Darwin’s premier F&I menu system, as well as ... [Read More]

From the editor: Trying to make sense of unemployment data

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Nick Zulovich, Senior Editor
Confession time. While taking some graduate degree courses, I struggled mightily with the statistics class. The thought of standard deviations and Z tables still makes me twitch a little. Nonetheless, I took a few moments on Thursday morning to examine ... [Read More]

ARA’s latest project: The cost of COVID-19

Dave Kennedy for Repo story
SubPrime Auto Finance News Staff
American Recovery Association president Dave Kennedy didn’t mince words to open a letter he delivered to the industry last week. “We are failing — all of us,” Kennedy wrote. Kennedy used the direct language to introduce the latest endeavor by ... [Read More]

Online platform aims to smooth loans made between friends and family

lendami for web
SubPrime Auto Finance News Staff
It's likely a question that dealerships and finance companies have asked potential buyers countless times in order to get a deal completed. “How can you secure more money for the down payment? Is there a friend or a family member ... [Read More]

COMMENTARY: Dealers see bottom-line benefits thorough F&I product portfolio review

cars in showroom
Tim Blochowiak, Protective Asset Protection
The world has witnessed drastic changes in just a few short months. The economic fallout from the COVID-19 pandemic has impacted nearly 50 million workers since the end of February, according to Mark Zandi, chief economist at Moody’s Analytics in ... [Read More]

TurboPass builds subprime client portfolio, adding ACC

turbopass report for web
SubPrime Auto Finance News Staff
TurboPass is continuing to build relationships with finance companies that specialize in subprime paper. Soon after announcing a finalized strategic partnership with Turner Acceptance, TurboPass also shared that it’s working with Automotive Credit Corp. (ACC) to leverage its universal income ... [Read More]

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