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The real cost of inaction when it comes to transport fraud
Thursday, Jan. 29, 2026, 03:30 PM
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More dialogue about current complexities of fleet management with David Prusinski of Vehicle Management Systems (VMS)
Thursday, Jan. 29, 2026, 03:30 PM
A limited number of qualified maintenance technicians. A robust mix of gasoline-, diesel- and electric-fueled vehicles. There’s no shortage of challenges for fleet managers nowadays. To help wade through the environment with valuable perspectives, David Prusinski, who is CEO of ... Listen Here
Lenders, forwarders & agents discuss repo bottlenecks
Wednesday, Jan. 28, 2026, 07:16 PM
In another of the Used Car Week 2025 panel discussions focused on repossessions and recoveries, AutoSquared.ai co-founder Bahador Rahimi led a conversation that included lenders, forwarders and agents. The group exchanged ideas about how industry firms can smooth the bottlenecks ... Listen Here

FTC charges 4 dealers with illegally enhancing credit applications

Federal Trade Commission
Friday, Aug. 3, 2018, 02:08 PM
SubPrime Auto Finance News Staff
Embellishing “stips” to enhance the figures sent to finance company underwriting departments landed a quartet of dealerships in trouble with a top federal regulator. This week, the Federal Trade Commission charged a group of four dealers operating in Arizona and ... [Read More]

APRs continue to rise as Fed passes on rate-hike chance

interest rates
Thursday, Aug. 2, 2018, 01:35 PM
Nick Zulovich, Senior Editor
As down payments and the amount financed for new- and used-vehicle deliveries at franchised dealerships stay on a steady pace, Edmunds noticed the impact of the Federal Reserve pushing interest rates higher are starting to leave a mark on APRs. ... [Read More]

KAR taps former captive exec to oversee Preferred Warranties

job promotion
Wednesday, Aug. 1, 2018, 03:34 PM
SubPrime Auto Finance News Staff
KAR Auction Services on Wednesday elevated one of its executives with significant captive finance company experience to lead its division that offers vehicle service contracts. KAR announced Edmund Field has been named president of the company’s Preferred Warranties business unit. ... [Read More]

EFG Companies enhances F&I training to create six-figure revenue rises

best practices
Wednesday, Aug. 1, 2018, 03:07 PM
SubPrime Auto Finance News Staff
Figures that include six digits and a comma typically catch the attention of dealership management. EFG Companies recently calculated that the average EFG trainee generates an additional $204,605 per year in F&I income through a 22-percent performance increase. To help sustain ... [Read More]

Compli launches CMS University, a free masterclass series

computers and business
Wednesday, Aug. 1, 2018, 03:05 PM
SubPrime Auto Finance News Staff
Dealership and finance company managers have another free education option thanks to online availability. This week, Compli, a provider of automated HR and compliance program solutions, introduced CMS University. This four-course series of free masterclass-level online seminars focuses on how ... [Read More]

ARA rolls out newly improved CCRS program

news pic
Wednesday, Aug. 1, 2018, 03:02 PM
SubPrime Auto Finance News Staff
The next step in the collaboration involving the American Recovery Association and the National Automotive Finance Association unfolded on Wednesday. Continuing their repossession efficiency project, ARA unveiled its newly improved Certified Collateral Recovery Specialist (CCRS) program. The resulting baseline standards ... [Read More]

National Auto Care acquired by different private equity firm

acquisition
Tuesday, Jul. 31, 2018, 03:08 PM
SubPrime Auto Finance News Staff
National Auto Care Corp. is changing hands again. The provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators and credit unions, has entered into an agreement to be acquired ... [Read More]

IRS explains 3 activities typically done by agency scammers

tax refund image
Monday, Jul. 30, 2018, 03:17 PM
SubPrime Auto Finance News Staff
While it’s been more than three months since individuals and businesses had to file their federal income forms, the Internal Revenue Service warned that many taxpayers have encountered individuals impersonating IRS officials — in person, over the telephone and via ... [Read More]

Advice to reduce compensation friction during hiring process

job interview
Monday, Jul. 30, 2018, 03:15 PM
SubPrime Auto Finance News Staff
Automotive Personnel founder and chief executive officer Don Jasensky offered a strategy so finance companies and other employers can handle one of the most challenging portions of the hiring process — the potentially large chasm between the salary offered and ... [Read More]

17 credit unions join GrooveCar Direct in Q2

partnership picture
Friday, Jul. 27, 2018, 03:26 PM
SubPrime Auto Finance News Staff
GrooveCar Direct announced 17 new credit union partners have joined its online vehicle shopping and financing program during the second quarter. Coming aboard the program in Q2 were institutions from 12 different states, serving 137,305 members, including: — AAA Federal ... [Read More]

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