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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

ABA Report Reveals Mixed Q2 Auto Loan Delinquency Performance

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin showed mixed movements in connection with second-quarter auto loan activity. ABA determined second-quarter delinquencies associated with direct auto loans — contracts arranged directly through a commercial bank — actually ... [Read More]

NABD Offers One-Day Passes for Upcoming East Coast Conference

Nick Zulovich
HOUSTON — Dealers and finance professionals interested in gaining more guidance about being successful in the buy-here, pay-here industry now can register for a day pass if they cannot attend the entire East Coast NABD BHPH Conference. The National Alliance ... [Read More]

DealerTrack and RouteOne Settle Patent Infringement Lawsuit

Nick Zulovich
LAKE SUCCESS, N.Y., and FARMINGTON HILLS, Mich. — DealerTrack Holdings and RouteOne today announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004.  Under the terms of the settlement, DealerTrack and RouteOne will file a ... [Read More]

ABI: Bankruptcies on Pace for Lowest Total Since 2008

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute spotted a 14-percent decrease in total bankruptcies through the first nine months of the year as compared to the same span a year ago. Citing data from Epiq Systems, ABI indicated total bankruptcy ... [Read More]

CNW: Number of Subprime Used-Vehicle Buyers Soars by 78 Percent in September

Nick Zulovich
BANDON, Ore., and DETROIT — When CNW Research crunched the September used-vehicle sales numbers this week, analysts pinpointed just how many more subprime buyers made a purchase last month as compared to a year ago. CNW indicated the amount of ... [Read More]

Auction Edge Opens Floor Plan Management Platform to AFC

Nick Zulovich
SEATTLE — As dealers continue to search for inventory to match up with subprime buyers, Auction Edge announced today that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained ... [Read More]

RouteOne Endorsed by NIADA as Credit Application Management System of Choice

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne revealed this week that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association. As an endorsed NIADA National Member Benefit Partner, RouteOne highlighted that it ... [Read More]

Southeast Toyota Finance Expands College Grad Rebate Program

Nick Zulovich
DEERFIELD BEACH, Fla. — Southeast Toyota Finance recently added the Prius c to the list of Toyota vehicles eligible for the $1,000 Southeast Toyota College Graduate Rebate Program. Other vehicles also available in this program are the Toyota Camry (non-hybrid ... [Read More]

Equifax: Auto Loan Figures Keep Rising

Nick Zulovich
ATLANTA — According to Equifax's latest monthly National Consumer Credit Trends Report, automotive credit balances and new accounts are increasing steadily with the number of new accounts opened in the first half approaching pre-recession levels. Analysts believe auto lending is ... [Read More]

Motozuma Expands Down Payment Savings Match to Used Cars

Nick Zulovich
NAPERVILLE, Ill. — Potential used-car buyers can now get a little help with their down payment, thanks to a new program announced recently by social-savings website Motozuma. By setting up a free Motozuma account to save for a down payment, ... [Read More]

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