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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

RISC continues to build industry relationships by adding Flying A to portfolio of forwarder partners

risc logo for web
SubPrime Auto Finance News Staff
Continuing the positive momentum cultivated for much of the year, Recovery Industry Services Co. (RISC) recently announced that Flying A has joined its network of forwarder partners for vehicle repossessions. RISC highlighted the agreement brings independent vendor vetting, site inspections, ... [Read More]

Origence deepens refinancing presence with newest solution

SubPrime Auto Finance News Staff
As one company exited auto refinancing, another is rolling out its offering, at least for credit unions. Last week, Origence, a provider of lending technology for credit unions, last week announced a new auto refinance solution built to help credit ... [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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SC broadens deployment of electronic vehicle titles with CHAMP

SubPrime Auto Finance News Staff
CHAMP is making notable headway in the Southeast. Not long after getting more technology in motion in Louisiana, the provider of electronic and digital solutions to motor vehicle agencies said last week that it now is providing the electronic titling ... [Read More]

3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent

SubPrime Auto Finance News Staff
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]

Edmunds spots 6 new records as average amounts financed, payments & terms keep growing in Q3

SubPrime Auto Finance News Staff
The newest auto-finance data from Edmunds reinforced why the car-shopping site is part of a conversation about vehicle affordability during Used Car Week, which begins on Nov. 16 in San Diego. Among the six records highlighted in the latest analysis ... [Read More]

iLending suspends auto refinancing with new customers

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Nick Zulovich, Senior Editor
In June, iLending president Nick Goraczkowski discussed the prospects for auto refinancing, saying: “We’re seeing pockets of strength that are creating opportunity but also reinforcing how quickly conditions can change.” A dramatic change, at least for iLending, arrived on Thursday ... [Read More]

AFSA: Bloomberg missed ‘important perspective’ in recent analysis of subprime auto finance

SubPrime Auto Finance News Staff
The American Financial Services Association took issue with significant portions of a Bloomberg article published this week. The report recapped an examination of nearly 3 million subprime auto loans packaged into securities between 2021 and 2023, tracing how some finance ... [Read More]

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