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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

Ally’s Succession Plan for Dealer Financial Services Business

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SubPrime Auto Finance News Staff
Ally Financial announced its succession plan this week since Bill Muir, the president and current head of the dealer financial services business, has elected to retire by year-end. The company tapped Jeffrey Brown, currently senior executive vice president of finance ... [Read More]

Why Collateral’s Value Retention Even More Vital Today

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Nick Zulovich, Editor
The staff at Black Blook Lender Solutions envisions underwriting personnel at finance companies watching two computer screens when evaluating an application that arrives from a dealership in their network. One screen shows the applicant’s complete credit history. The other monitor ... [Read More]

CFPB Names New Regulator to Oversee Auto Finance

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SubPrime Auto Finance News Staff
More than eight months after Rick Hackett left the Consumer Financial Protection Bureau, the agency tapped a replacement regulator on Wednesday whose main jurisdiction is the auto finance market. Joining the CFPB as the assistant director of installment and liquidity ... [Read More]

Exeter Adds Another Former Santander Executive

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SubPrime Auto Finance News Staff
Another executive recently moved over from Santander Consumer USA Holdings to join the team at Exeter Finance Corp. On Tuesday, Exeter announced its new executive vice president of strategy and planning is Steve Zemaitis, who served in multiple executive roles ... [Read More]

Captives Lead Charge in Rising Used LTVs

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SubPrime Auto Finance News Staff
Experian Automotive’s most recent data showed how much more risk captive lenders are taking in regard to loan-to-value (LTV) levels when booking contracts for used models. Experian indicated LTVs for captives that financed used vehicles in Q4 jumped by 306 ... [Read More]

Top 10 New & Used Models for Below-Prime Buyers

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SubPrime Auto Finance News Staff
More than a dozen trends arose when CarFinance.com examined its full-year financing data to find out the Top 10 new- and used-vehicle choices for its below-prime vehicle buyers in 2013. On the new-model side, CarFinance.com discovered the list of most ... [Read More]

AWARE Gears New Financing Educational Tools to Help Baby Boomers

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SubPrime Auto Finance News Staff
Younger buyers might not be the only age demographic that could use some assistance in explaining how the vehicle financing process works. To help baby boomers as well as consumers of all ages easily research vehicle financing in one place, ... [Read More]

AFIP Announces Launch of Certification Boot Camps

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SubPrime Auto Finance News Staff
In response to dealer demand, the Association of Finance & Insurance Professionals announced the introduction of AFIP Certification Boot Camps, which include two days of accelerated preparation for the federal and state regulation-based AFIP certification exam. The first boot camps ... [Read More]

Free NADA Webinar to Address Federal Advertising Requirements

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SubPrime Auto Finance News Staff
With dealer advertising promoting attractive financing options in the crosshairs of the Federal Trade Commission, the National Automobile Dealers Association is hosting a free webinar aimed at helping stores keep their campaigns compliance. NADA officials highlighted the upcoming “Comply with ... [Read More]

Lawmakers Demand CFPB Answer Racial Disparity Questions

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SubPrime Auto Finance News Staff
The same methodology utilized by the federal agency to levy enforcement actions against vehicle financing companies might be what could be used against the regulator, as well. A trio of Republican House members gave the Consumer Financial Protection Bureau until ... [Read More]

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