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Millennium Capital & Recovery hires former Bank of America exec as president

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Thursday, May. 21, 2026, 10:28 AM

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This Month's Focus

Artificial Intelligence

Kia Georgia leverages AI drones to save money and time on onerous fence patrols

Tuesday, May. 26, 2026, 03:02 PM

A 14.2-mile interior fence. Tough terrain. Multiple security personnel. Two or three vehicles churned from wear and tear annually. A looming United States Customs Trade Partnership Against Terrorism (CTPAT) audit in jeopardy. These were the challenges Kia Georgia faced because ... Read More

Impel, Phyron launch AI systems to drive customer engagement through dealership video

Thursday, May. 21, 2026, 02:34 PM

When it comes to capturing customer engagement, video is king. But the busy world of a car dealership isn’t necessarily the best environment for consistently creating effective video content. “Video sells. We’ve known that for years,” said Paul Hepp, director ... Read More

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

TransUnion on intriguing trends involving used cars sold in 2025

Tuesday, May. 26, 2026, 06:42 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. During previous events hosted by Cherokee Media Group, TJ ... Listen Here

Experian Automotive on using data the right way to protect used-car profits

Friday, May. 22, 2026, 10:50 AM

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. During a candid conversation with Cherokee Media Group’s Andrew ... Listen Here

Closing the appraisal divide with Brad Kokesh of TraXtion

Friday, May. 22, 2026, 10:38 AM

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. This conversation features Cherokee Media Group’s Andrew Friedlander and ... Listen Here

FTC maintains stance on privacy while fostering innovation

Federal Trade Commission

Wednesday, Nov. 21, 2018, 02:01 PM

SubPrime Auto Finance News Staff

The Federal Trade Commission called for a balanced approach that protects both consumer privacy and innovation in a comment submitted to the Department of Commerce’s National Telecommunications and Information Administration (NTIA) as part of that agency’s consumer privacy proceeding. In ... [Read More]

Consolidated Asset Recovery Systems adds former Del Mar executive

new hire

Wednesday, Nov. 21, 2018, 01:55 PM

SubPrime Auto Finance News Staff

On the heels of landing a trio of clients as well as an enhanced relationship with Digital Recognition Network (DRN), Consolidated Asset Recovery Systems also added to its executive team. Consolidated recently announced that it has named Jeff Rau as ... [Read More]

Auto defaults rise 3 basis points in October

collections

Tuesday, Nov. 20, 2018, 04:27 PM

SubPrime Auto Finance News Staff

Auto finance defaults rose for just the second time this year in October. But the 3-basis point rise is only a fraction of the largest uptick analysts from S&P Dow Jones Indices and Experian have seen during the past 36 ... [Read More]

masterQueue names former Ally exec its new operational strategist

masterQueue strategy team for SPN

Thursday, Nov. 15, 2018, 05:43 PM

SubPrime Auto Finance News Staff

Intellaegis, which does business as masterQueue, announced today during Used Car Week it has named a new operational strategist. The debt collection software company has named former Ally executive vice president Bill Ploog to its management team. Ploog joins Intellaegis ... [Read More]

Location Services pays DRN $325K to settle non-compete case with DigitalDog Auto Recovery

federal court house_2

Thursday, Nov. 15, 2018, 04:56 PM

SubPrime Auto Finance News Staff

AI and data analytics company Digital Recognition Network (DRN) announced on Thursday that rather than go to trial on the issue of damages, Location Services and DRN have agreed on a settlement after Federal Court ruled in DRN’s favor. Location ... [Read More]

Primeritus names new chief executive

NEW CEO

Monday, Nov. 12, 2018, 03:32 PM

SubPrime Auto Finance News Staff

As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately. Thomas succeeds Scott Peters in the position, who joined ... [Read More]

KAR ramps up recovery services with purchase of Clearplan

latest news_37

Monday, Nov. 12, 2018, 02:39 PM

SubPrime Auto Finance News Staff

KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan. Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based ... [Read More]

Fed keeps interest rates steady

interest rates

Friday, Nov. 9, 2018, 03:17 PM

SubPrime Auto Finance News Staff

There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for ... [Read More]

How Location Services is blending diverse backgrounds into one recovery team

strategy picture

Friday, Nov. 9, 2018, 02:29 PM

SubPrime Auto Finance News Staff

What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the ... [Read More]

Top 100 markets where millennials carry most auto debt

approve

Wednesday, Nov. 7, 2018, 09:15 PM

SubPrime Auto Finance News Staff

This week, LendingTree released its study on where millennials owe the most on their financed vehicles. And as they say, everything is bigger in Texas. The results, ranked by median balance, showed where millennials are the most and least burdened ... [Read More]

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