A Look Back at Last Two Decades of the Used-Car Industry in Canada
In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here
Thursday, Sep. 18, 2025, 02:32 PM
SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management
In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here
Thursday, Sep. 11, 2025, 04:33 PM
Experian on how much auto refinancing is gaining traction
Melinda Zabritski, Experian’s head of automotive financial insights, said consumers are looking for ways to secure more favorable vehicle financing terms, especially with interest rates leveling out and perhaps a cut coming next week from the Federal Reserve. The base ... Listen Here
Thursday, Sep. 11, 2025, 01:53 PM
DriveTime’s Q2 Revenue & Unit Sales Climb but Margins Still Soften
Monday, Aug. 19, 2013, 12:00 AM
Nick Zulovich
PHOENIX — Despite a 20.7-percent increase in total revenue and an 18.3-percent jump in unit sales, DriveTime Automotive Group explained why its gross margins still softened during the second quarter. According to reports filed with the Securities and Exchange Commission, ... [Read More]
CNW: August on Pace for ‘Solid’ Month of Used Sales
Monday, Aug. 19, 2013, 12:00 AM
Nick Zulovich
BANDON, Ore. — Based on the first 15 days of the month, CNW Research is projecting that August will be a "solid" month for used-vehicle sales. The combination of retail metal turning at franchised and independent dealerships as well as ... [Read More]
AFSA Offers Recommendations on Proposed Rule Implementing NY Lien Release Law
Monday, Aug. 19, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently sent a letter to the commissioner of the New York State Department of Motor Vehicles on its proposed regulations implementing A. 1346-C. AFSA explained the law, enacted in December of last ... [Read More]
Toyota Financial Services Expands Student Scholarship Program to $1 Million
Monday, Aug. 19, 2013, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services recently recognized 100 high school students who overcame considerable hardships on their paths to college, presenting them with $1 million in scholarships. Officials highlighted this is the first year in which TFS expanded its ... [Read More]
CPS Likes Staffing Level as Originations Grow
Friday, Aug. 16, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — As Consumer Portfolio Services continues to buy more contracts, the company believes it's in a good personnel position to handle more originations while the subprime auto finance segment gains steam. CPS recently reported that it purchased $203.8 ... [Read More]
New York Fed: Auto Loan Balances Increase for Ninth Straight Quarter
Friday, Aug. 16, 2013, 12:00 AM
Nick Zulovich
NEW YORK — In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York determined total auto loan balances in the second quarter increased $20 billion from the previous quarter, the ninth consecutive quarterly increase and ... [Read More]
GrooveCar Direct Expands National Footprint by Adding 4 New Credit Unions
Friday, Aug. 16, 2013, 12:00 AM
Nick Zulovich
HAUPPAUGE, N.Y. — This week, GrooveCar signed four new credit unions nationwide to its GrooveCar Direct program, a vehicle-buying service customized for the credit union industry. The new signees include Kinecta FCU in Manhattan Beach, Calif., Washington, D.C.-based HEW Federal ... [Read More]
Fitch: Loss Rates Starting to Normalize for US Auto Lenders
Wednesday, Aug. 14, 2013, 12:00 AM
Nick Zulovich
NEW YORK — Fitch Ratings contends modest year-over-year deterioration in loss and delinquency rates produced by the largest U.S. auto lenders signals an inflection point in auto loan asset quality. Analysts said in their special quarterly report "U.S. Auto Asset ... [Read More]
Experian: Repossessions Drop to Lowest Rate on Record
Wednesday, Aug. 14, 2013, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven ... [Read More]
LHPH and Advantage Funding Align for Subprime Financing Program
Wednesday, Aug. 14, 2013, 12:00 AM
Nick Zulovich
SAN DIEGO — LHPH, a provider of services to the lease-here, pay-here and buy-here, pay-here industries, recently formed an exclusive relationship with Advantage Funding to provide financing for select dealers. Officials explained LHPH and Advantage Funding worked together for more ... [Read More]
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