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The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

FTC notes: Results of fraud study; free credit monitoring for servicemembers

Federal Trade Commission
SubPrime Auto Finance News Staff
The Federal Trade Commission recently announced a pair of development; the first in connection with one of its latest rules and the other with the fourth installment of an ongoing study. Starting Oct. 31, many members of the military now ... [Read More]

EFG Companies conducts annual Agent Council, gives 2 awards

award winner
SubPrime Auto Finance News Staff
Strategic sessions and honoring its best performers highlighted the latest event hosted by EFG Companies. The company recently held its annual Agent Council when agents from across the U.S. gather to discuss industry trends, current business challenges, best practices and ... [Read More]

MBSi launches 24/7 support for all customers

computers and business
SubPrime Auto Finance News Staff
A founding member of the Automotive Intelligence Council is making a segment of its business available 24 hours a day, seven days a week. On Monday, MBSi Corp., announced the broadening of its technical customer support hours to help clients that ... [Read More]

Westlake reaches $10B in assets, sets timeline to hit $20B

money-stack
SubPrime Auto Finance News Staff
Fueled in part by blossoming relationships with industry players such as CarGurus, Westlake Technology Holdings recently announced that it reached $10 billion in assets under management milestone ahead of its targeted goal of hitting the milestone in 2022. Westlake responded ... [Read More]

Toyota and Wells Fargo seek to help customers recently impacted by fires and tornadoes

news update 2
SubPrime Auto Finance News Staff
Both Toyota Financial Services and Wells Fargo put initiatives in place to help their customers affected by the recent series of wildfires throughout California, as well as the tornadoes that struck northern Texas last month. The Toyota captive announced in ... [Read More]

APR on new & used financing stays nearly steady in October

auto financing
SubPrime Auto Finance News Staff
As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged ... [Read More]

Fed reiterates timing when rate-cut impact truly surfaces

powell just before Halloween
SubPrime Auto Finance News Staff
While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as ... [Read More]

From the editor: A crisis facing repossession agents

opinion
Nick Zulovich, Senior Editor
While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if ... [Read More]

A tale of two candidates and a vital lesson for hiring managers

job interview
SubPrime Auto Finance News Staff
Automotive Personnel founder and chief executive officer Don Jasensky addressed what he believes is the most common hiring mistake employers make. The National Automotive Finance Association board member discussed when dealerships and finance companies might pass on a potentially high ... [Read More]

2 separate Inovatec surveys shed light on pain points for lenders & consumers

strategy picture
SubPrime Auto Finance News Staff
While enhancements in auto financing certainly have been made over the years, a pair of surveys orchestrated by Inovatec Systems Corp., revealed areas where improvements still could be made for the benefit of finance companies and consumers. This week, Inovatec ... [Read More]

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