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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

Traffic Control CRM upgrades tool to handle ‘We Owe’ and other F&I fulfillments

dealership and couple
SubPrime Auto Finance News Staff
Traffic Control, a solution for dealers retailing 50 to 150 vehicles a month, this week announced new features for improving multiple F&I-related steps to enhance deal cash flow, employee efficiency and customer satisfaction. Traffic Control CRM now features e-document technology ... [Read More]

Credit Acceptance responds to accounting and salesforce questions

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Nick Zulovich, Senior Editor
Beyond its originations and collections activities, Wall Street observers questioned Credit Acceptance Corp. leadership about two specific operational areas when executives discussed their third-quarter results. Investment analysts wanted to know about Credit Acceptance’s strategy for adding to its sales force ... [Read More]

Balancing the risk versus rewards of financing to millennials

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Brien Joyce, EFG Companies
Millennials — those individuals born between 1980 and 1994 — currently represent 25 percent of the total buying power in the U.S., according to a recent study by TransUnion. They also control a large chunk of liquid assets, an amount that ... [Read More]

Emre Ucer: 2017 Repossession Executive of the Year

Emre Ucer potrait for website
Nick Zulovich, Senior Editor
Some individuals find riding motorcycles exhilarating, especially as they gain more experience with the machines. But just like with vehicles, sometimes these individuals do not keep up with their financial responsibilities mandated in a contract, triggering a repossession. As an ... [Read More]

Ally chooses former Citigroup exec to be chief strategy officer

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SubPrime Auto Finance News Staff
Coinciding with the finance company’s enhanced relationship with Carvana, Ally Financial on Wednesday announced that Dinesh Chopra has joined the company as its new chief strategy officer. In his newly created role Chopra will lead Ally’s corporate strategy team, helping ... [Read More]

Southern California dealer group to pay FTC $1.4 million over advertising issues

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SubPrime Auto Finance News Staff
The Federal Trade Commission flexed its regulatory muscle again this week. Officials said a southern California-based dealership group will pay $1.4 million to settle FTC charges that it violated a 2014 administrative order prohibiting the company from misrepresenting how much ... [Read More]

Interest rate rise in December appears likely

Federal reserve
Nick Zulovich, Senior Editor
With the Federal Reserve again passing on the chance to move interest rates higher this month, S&P Global Ratings is expecting the Federal Open Market Committee to tick the target range for the federal funds rate up by 25 basis ... [Read More]

TD Auto Finance’s top exec among AFSA award winners

Andrew_Stuart award for SPN
SubPrime Auto Finance News Staff
Andrew Stuart, president and chief executive officer of TD Auto Finance, was among three recipients of a 2017 American Financial Services Association Distinguished Service Award (DSA) during AFSA’s 101st annual meeting. The other two executives given the association’s highest honor ... [Read More]

PointPredictive hosts roundtable to curtail auto-finance fraud

board-room
SubPrime Auto Finance News Staff
The fight against fraud in auto finance continued last week. PointPredictive held its second Auto Lending Fraud Roundtable last week in Dallas with finance companies representing 48 percent of total automotive originations in the U.S. They met to further collaborate ... [Read More]

Trump’s signature nullifies CFPB arbitration rule

trump pic for SPN
Nick Zulovich, Senior Editor
President Trump followed through this week by signing H.J. Res. 111, which nullifies the Consumer Financial Protection Bureau's rule prohibiting the use of a pre-dispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. ... [Read More]

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