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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Subprime Approvals Could Jump Nearly 13% in 2015

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Nick Zulovich, Editor
CNW Research is upbeat about how much subprime paper is going to flow into finance company portfolios this year. In a special projection report released on Tuesday, CNW is expecting subprime approvals to improve in 2015, but not quite to ... [Read More]

SAFCo Appoints Former Exeter Exec to Monitor Risk

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SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCo) hired a former Exeter Finance Corp. executive to be its new senior vice president of risk management and credit policy. Tapped for this role was Karyn Lentz, who was most recently the executive vice president ... [Read More]

NIADA Selects EFG Companies as National F&I Corporate Partner

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SubPrime Auto Finance News Staff
The National Independent Automobile Dealers Association and EFG Companies recently created a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. NIADA tapped EFG as a national corporate partner so association members can leverage the company ... [Read More]

4 Parts of Illinois Tax Law Change to Boost Leasing

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SubPrime Auto Finance News Staff
In what the Chicago Automobile Trade Association is calling a rare triple winner — good for consumers, good for business, and good for government — the Windy City’s dealer organization highlighted four components of Illinois’ revamped state tax program associated ... [Read More]

Impact Transaction Prices Might Leave on Financing

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Nick Zulovich, Editor
Perhaps a factor helping to push outstanding auto loan balances toward the $1 trillion threshold is if the transaction price activity spotted by Kelley Blue Book analysts maintains the current rate. KBB reported on Monday that the estimated average transaction ... [Read More]

GWC Warranty Expands Headquarters

GWC Warranty Expansion Ribbon Cutting Ceremony for SPN
SubPrime Auto Finance News Staff
GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sold through dealers, finalized an expansion of its headquarters before 2014 closed. Officials highlighted GWC’s state-of-the-art facility has been expanded to almost 20,000 square feet. The ... [Read More]

AIADA Chairman: Looking Forward to What’s Ahead in 2015

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Larry Kull, AIADA
As this past year closed, you couldn’t turn around without seeing another retrospective on 2014. Websites, magazines, news and entertainment programs, and even radio shows get in on the action. They cover everything: The 10 best movies, the 20 best ... [Read More]

NY Regulators Shut Down Condor Capital

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SubPrime Auto Finance News Staff
Condor Capital is no longer originating and servicing vehicle installment contracts for dealers who cater to subprime customers in New York or more than two dozen other states. Just before the holiday, the New York Department of Financial Services submitted ... [Read More]

CarMax’s Subprime Portfolio Grows to $56.7M

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SubPrime Auto Finance News Staff
CarMax Auto Finance still is steadily originating subprime paper through its own test program as company executives continue to monitor the performance of this portfolio segment they launched last year. During the third quarter of its 2015 fiscal year, CarMax ... [Read More]

CPS Finalizes $267.5M Asset-Backed Securitization

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SubPrime Auto Finance News Staff
Consumer Portfolio Services closed its fourth term securitization of the year this week. The transaction is CPS’ 15th senior subordinate securitization since the beginning of 2011 and the third consecutive securitization to receive a triple A rating on the senior ... [Read More]

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