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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

Despite Auto Loan Uptick, August Default Rates Still Considered ‘Healthy’

Nick Zulovich
NEW YORK — As analysts described overall consumer credit performance as "healthy," the auto loan portion of the newest S&P/Experian Consumer Credit Default Indices showed a slight uptick. Data through August compiled by S&P Dow Jones Indices and Experian revealed ... [Read More]

Fitch: Appetite for Risk Growing in US Auto Loan Market

Nick Zulovich
NEW YORK and CHICAGO — Fitch Ratings contends that loosening underwriting standards and higher funding costs have led auto lenders to increasingly extend credit to subprime consumers. However, analysts view the higher propensity to lend to "weaker" borrowers as a ... [Read More]

Russ Darrow Group Opens Another J.D. Byrider Franchise as Part of Used-Store Growth

Nick Zulovich
GREEN BAY, Wisc. — The Russ Darrow Group delved deeper into the buy-here, pay-here business and broadened its used-vehicle operation this week by unveiling two new dealerships at one location. Located at 2800 Ramada Way in Green Bay, Wisc., the ... [Read More]

AFSA Rolls Out Compliance Training Program

Nick Zulovich
WASHINGTON, D.C. — While the industry continues to pursue regulatory education, the American Financial Services Association recently introduced a compliance training program for member companies. Powered by business partner FIS, officials highlighted AFSA University will offer more than 260 courses ... [Read More]

National Auto Care Corp. and Family First Dealer Services Reveal Plan to Merge

Nick Zulovich
PONTE VEDRA BEACH, Fla. — National Auto Care Corp. and Family First Dealer Services recently announced an agreement to merge through a transaction they said will provide the platform for a combined company to excel as one of the leading ... [Read More]

CUDL Completes Two-Way DMS Integration with Open Dealer Exchange

Nick Zulovich
ONTARIO, Calif. — CUDL recently completed dealer management system integration of its lending system with Open Dealer Exchange along with its parent companies' DMS from ADP and Reynolds and Reynolds. As a result of the integration, officials highlighted CUDL now ... [Read More]

GWC Warranty Named Motor Trend Recommended Best Buy for Independent Dealers

Nick Zulovich
WILKES-BARRE, Pa. — GWC Warranty, a marketer, administrator and underwriter of vehicle service contracts, has been named Motor Trend Recommended Best Buy for independent Dealers. Officials pointed out GWC Warranty is the only vehicle service contract provider to be named ... [Read More]

House Financial Service Committee Chairman Again Questions CFPB’s Powers

Nick Zulovich
WASHINGTON, D.C. — Is it easier for the U.S. to unleash a military strike in the Middle East than it is to counter a decision issued by the Consumer Financial Protection Bureau? The chairman of the U.S. House Financial Services ... [Read More]

Huertas: Direct Lending and the Future of Auto Finance

Nick Zulovich
SKOKIE, Ill. — The auto lending market has been dominated by indirect lenders with very few companies that have both direct and indirect lending operations. The current state of the auto finance industry is marked by aggressive competition looking for ... [Read More]

Dealertrack Introduces New Fair Lending Compliance Resources

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies unveiled a new tool this week meant to assist dealerships in developing a fair lending policy and better defend themselves in credit discrimination audits. The company introduced an Equal Credit Opportunity Act Model Fair ... [Read More]

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