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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

Hudson Cook Adds New Partner

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP recently added a new partner to its Washington, D.C. office. Joining the firm was Catharine Andricos, a former associate of the firm that management said brings significant academic and professional experience to her new ... [Read More]

AutoManager Upgrades DMS; Includes New Flooring Management Capabilities

Nick Zulovich
LOS ANGELES — AutoManger Inc. recently unveiled a new version of its dealer management software, which includes a new tool for managing flooring costs. Desk Manager 11.93 also expands on the capabilities of its predecessors with improved profit calculations and ... [Read More]

Comerica: Auto Affordability Improves in Q3

Nick Zulovich
DALLAS — Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less ... [Read More]

Nicholas Financial Announces Second Dividend Since Nov. 1

Nick Zulovich
CLEARWATER, Fla. — Despite a 7-percent softening of its net earnings during the second quarter of its fiscal year, Nicholas Financial announced a dividend payment to owners of common stock for the second time since the beginning of November. This ... [Read More]

Car-Mart Expands Footprint in Alabama

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart recently opened its newest store in Alabama. Joining the network as the company's 11th store in Alabama and its 118th dealership overall, Car-Mart rolled out a lot in Enterprise, Ala. "Alabama ... [Read More]

Another Lender Signs On to Group 1’s Existing Syndicated Credit Facility

Nick Zulovich
HOUSTON — Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June ... [Read More]

CFPB Outlines Plans to Share Complaint Data with State-Level Agencies

Nick Zulovich
WASHINGTON, D.C. — If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. A top CFPB official on ... [Read More]

Volvo Taps Dealertrack as Exclusive Credit Application Processing Platform

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies and Volvo Car Financial Services today announced that the automaker's captive subsidiary has become a lender on the Dealertrack Credit Application Network. Officials highlighted Dealertrack is the exclusive credit application network through which Volvo's ... [Read More]

NCM, Greg Goebel Partner for Special Finance Training

Nick Zulovich
OVERLAND PARK, Kan. — To begin 2013, NCM Associates is expanding its educational programming focusing on special finance through an alliance forged with Greg Goebel Consulting and Training. Officials explained Goebel's training program is designed specifically for NCM's franchised dealer ... [Read More]

RDN: October Recoveries Extend Upward Trend

Nick Zulovich
REDWOOD CITY, Calif. — With auto lending increasing to subprime customers, the latest RDN Monthly Analytics Update showed October recovery volumes increased 7 percentage points from September levels, marking the second consecutive month-over-month jump. Furthermore, the October reading came in ... [Read More]

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