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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

Webb Shares Repossession Volume Forecast

Nick Zulovich
ATLANTA — Manheim chief economist Tom Webb projected repossession volumes will climb next year while also explaining why that growth will be tempered. Webb estimated a "relatively small increase" in repossession volume for 2013, "say in the neighborhood of 75,000 ... [Read More]

Finance Express Unveils Android Version of FEX Mobile App

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently rolled out a free Android version of its FEX Mobile App solution. Officials highlighted the DMS mobile application is tightly integrated with FEX DMS and can allows dealers to quickly scan and ... [Read More]

Car-Mart Unveils Fourth Store in Mississippi

Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart recently broadened its network of buy-here, pay-here dealerships in Mississippi. Car-Mart's newest location is in Oxford, Miss., bringing the company's total to 117 stores throughout the Southeast. "Oxford is our fourth location to open in ... [Read More]

BHPH Dealers Gather to Learn at NABD East Coast Conference

Nick Zulovich
ATLANTA — General recommendations about what dealers should do when a buyer files for bankruptcy, how successful stores keep quality employees and operators who are starting their tax season before Halloween comprised the opening day of content at the NABD ... [Read More]

Primeritus Financial Services Acquires Renovo Services

Nick Zulovich
NASHVILLE, Tenn. — After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said ... [Read More]

Capital One Auto Finance Taps New President, Reports Q3 Performance

Nick Zulovich
McLEAN, Va. — While documents filed with the Securities and Exchange Commission this week confirmed Capital One Auto Finance will have a new president as of Nov. 1, the company watched its auto loan originations soften during the third quarter. ... [Read More]

Equifax Rolls Out Tool for Improved Targeting of Pre-approved Loan Offers

Nick Zulovich
ATLANTA — Equifax contends that automotive lenders can now receive unprecedented levels of marketing intelligence to more effectively prescreen and target prospective consumers for pre-approved offers with its newest tool rolled out this week — True In-Market Propensity (TIP) Scores. ... [Read More]

Edmunds: Subprime Borrowing Pushes Rebound of Dealer-Financed Sales

Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a ... [Read More]

FinCo Management Expands Deep Subprime Loans and Leases into 31 States

Nick Zulovich
MARBLEHEAD, Mass. — FinCo Management, a provider of deep subprime dealer financing, is expanding its Financing Alternatives and Servicing Today program into 31 states, covering nearly 75 percent of the U.S. population. The company said the program should be operating ... [Read More]

Dealers United Chooses DealerTrack as Preferred DMS Provider

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced today the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack ... [Read More]

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