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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

J.D. Byrider Opens Store in Chicago Metro Area

Nick Zulovich
OAK LAWN, Ill. — Chicago-area residents with less-than-perfect credit will now have another option for purchasing used cars. Buy-here, pay-here dealership group J.D. Byrider announced it is opening a new dealership in the Oak Lawn area at 9121 Cicero Ave. ... [Read More]

Dealers Can Turn to Alternative Credit Data to Improve BHPH Underwriting

Nick Zulovich
HOUSTON — At this time of the year, buy-here, pay-here dealers are very busy selling vehicles to customers during the tax refund season. However, they often face the dilemma of selling vehicles to customers who have large down payments (from the tax ... [Read More]

Ally Bank Tops List of Financial Services Companies Using Social Media

Nick Zulovich
MIDVALE, Utah — Change Sciences Group recently recognized Ally Bank as a leader in financial services companies using social media. The accolade listed Ally first among 22 companies in a program that rated each organization's approach to the social media ... [Read More]

CPS Enjoys ‘Return to Profitability’

Nick Zulovich
IRVINE, Calif. — With a significant year-over-year turnaround in fourth-quarter net income and rises in both contracts purchased from dealers and net receivables, Consumer Portfolio Services declared that its fourth quarter "marks our return to profitability." In fact, the company's ... [Read More]

ABI: February Bankruptcy Filings Climb 19 Percent

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute spotted a 19-percent month-over-month rise in total filings in the United States. According to data provided by Epiq Systems, all bankruptcy filings in February totaled 104,418, up from the 87,981 filings in January. ... [Read More]

Ally Launches Marketing Program to Support GM, Chrysler Dealers & Sales

Nick Zulovich
DETROIT — To help support dealers and get more attention for General Motors and Chrysler vehicles, Ally announced it is launching a marketing program in March to drive both showroom traffic and new vehicle sales. The program will launch in ... [Read More]

J.D. Byrider Opens Richmond Rooftop

Nick Zulovich
RICHMOND, Va. — Buy-here, pay-here dealership group J.D. Byrider recently revealed credit-challenged residents of Virginia’s capital now have another option for purchasing used cars. The company announced a new Richmond rooftop opened on the first of the month, located at ... [Read More]

Exeter Finance Completes $200 Million Securitization

Nick Zulovich
IRVING, Texas — Late last week, Exeter Finance Corp. announced the completion of its first rated term securitization, issuing $200 million in notes backed by subprime auto installment receivables. The company indicated the notes were purchased by qualified institutional buyers ... [Read More]

Auto Sector Highlights Credit Rebound Projection from Equifax and Moody’s Analytics

Nick Zulovich
ATLANTA — New U.S. consumer credit data from a joint product of Equifax and Moody's Analytics projects a rebounding consumer environment, along with recovering home and auto markets this year. As numbers reflect pre-recession totals, Equifax and Moody's predicted through ... [Read More]

KAR Highlights Another Strong Year by Insurance Auto Auctions & AFC

Nick Zulovich
CARMEL, Ind. — KAR Auction Services once again cheered the financial performance of two subsidiaries — Insurance Auto Auctions and Automotive Finance Corp. Chief executive officer Jim Hallett declared both operations had "outstanding" years as they both posted rises in ... [Read More]

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