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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

Automobile Consumer Services Forms Partnership with LendingTree Autos and CreditSmarts.com

Nick Zulovich
CINCINNATI — Automobile Consumer Services, a provider of direct-to-consumer financing and leasing services, recently entered into a joint agreement with LendingTree Autos and CreditSmarts.com. The deal is designed to offer competitive financing options for consumers of LendingTree Autos and to ... [Read More]

Chrysler, Santander Consumer USA Create Captive Arm

Nick Zulovich
AUBURN HILLS, Mich. — As was reportedly coming, Chrysler Group and Santander Consumer USA joined forces Wednesday for an agreement to provide a full spectrum of auto financing services to Chrysler and Fiat customers and dealers under the name Chrysler ... [Read More]

AutoNation Pinpoints Catalysts for F&I Growth

Nick Zulovich
FORT LAUDERDALE, Fla. — In what was a solid all-around year for AutoNation, the F&I department at its dealerships were humming along at an impressive clip, as well. The retailer has continued to boast strong F&I operations thanks largely to ... [Read More]

Fitch: Potential Turbulence Ahead in Subprime Auto ABS Performance

Nick Zulovich
NEW YORK — Fitch Ratings' newest U.S. auto ABS index indicated subprime loans are showing more weakness of late while performance for U.S. prime auto ABS is still on solid footing. Analysts said auto loan ABS produced the strongest performance ... [Read More]

Pelican Auto Finance, Private Equity Firm Reach $50 Million Partnership

Nick Zulovich
CHERRY HILL, N.J. — Subprime lender Pelican Auto Finance recently received an initial equity investment from funds affiliated with private equity firm Flexpoint Ford. Officials said Flexpoint Ford also has been granted the option to invest up to $50 million ... [Read More]

Regional Acceptance Chooses Dealertrack Technologies to Provide Vehicle Title Administration

Nick Zulovich
LAKE SUCCESS, N.Y. — Building on an existing partnership, Dealertrack Technologies today announced that Regional Acceptance Corp. successfully moved its title administration processing to Dealertrack's Total Title Solution. In addition to Total Title Solution, Regional Acceptance, headquartered in Greenville, N.C., ... [Read More]

January’s Subprime Buying Pace Seen as Foundation for Good Used Sales Year

Nick Zulovich
BANDON, Ore. — CNW Research said the number of subprime buyers in January soared nearly 60 percent versus a year ago while at the same time transactions at buy-here pay-here dealerships jumped 8.2 percent year-over-year. What do the trends say ... [Read More]

CarMark Auto Finance Program Offers Opportunity for Dealers, Lenders

Nick Zulovich
CARY, N.C. — A new residual-based financing program from the creators of the CarMark Certified Pre-Owned program, called CarMark Auto Finance, is hitting its stride just in time for dealers to take advantage of the opportunity during the profitable first ... [Read More]

FTC Bans & Fines Sellers of Alleged Fraudulent Auto Loan Modifications

Nick Zulovich
WASHINGTON, D.C. — In a recent settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of ... [Read More]

NextGear Capital’s Geitner Outlines Benefits of New Company

Nick Zulovich
CARMEL, Ind. — In their merger to form NextGear Capital, Manheim Automotive Financial Services and Dealer Services Corp. each bring something unique to the table that can benefit dealers and auctions. That's the word from Brian Geitner, president of the ... [Read More]

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