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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Experian: Auto Interest Rates Dip to Lowest Levels Since 2008

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered the automotive loan market showed continued improvement as the fourth quarter closed with interest rates for new and used vehicle contracts reaching the lowest levels since 2008. Experian's quarterly automotive credit analysis also showed ... [Read More]

SubPrime Auto Finance News Ventures into LinkedIn

Nick Zulovich
CARY, N.C. — Looking to mimic the great success of sister publication Auto Remarketing on LinkedIn, SubPrime Auto Finance News recently launched a group on the business social media website. Cherokee Automotive Group editor Jennifer Reed believes the platform can ... [Read More]

GSFSGroup Appoints New Director of National Sales

Nick Zulovich
HOUSTON — Gulf States Financial Services and GSFSGroup, a nationwide provider and administrator of F&I products and reinsurance structures, recently hired a new director for its national sales division. Accepting the role is Keith Cooper, who has been charged with ... [Read More]

Lithia’s Used Sales Skyrocket in Record-Income Quarter; Company Announces New CEO

Nick Zulovich
MEDFORD, Ore. — While also explaining its chief executive officer succession plan, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold ... [Read More]

Huntington Explains Why Auto Loan Balance Dipped as 2011 Ended

Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares acknowledged its balance sheet showed its auto loan balance slid from $6.2 billion to $5.6 billion as 2011 closed. However, executives were quick to point out that Huntington continued to see strong levels of originations ... [Read More]

NVLA to Touch on Lease-Here, Pay-Here at Annual Conference

Nick Zulovich
HANOVER, Md. — The National Vehicle Leasing Association will be holding its annual conference this spring at the Renaissance Worthington Hotel in Fort Worth, Texas. One of the highlights of the event is a day-long track designed for the lease-here, ... [Read More]

USAA Gains New CFO, Makes Other Executive Reassignments

Nick Zulovich
SAN ANTONIO — USAA, which facilitates vehicle loans and other services for military personnel and families, announced this week that Stuart Parker will become the company's chief financial officer effective immediately. The move comes following the resignation of current CFO ... [Read More]

While Predicting Repo Upswing, Webb Points to Factors Bolstering Recovery Bottom Lines

Nick Zulovich
ATLANTA — While also predicting repossessions should trend upward again, Manheim chief economist Tom Webb explained why lenders didn't sustain as much of a loss when a loan contract went south during the past two years. Webb stated that "in ... [Read More]

America’s Car-Mart Reveals 3Q Growth, Double-Digit Revenue Climb

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart late last week announced its operating results for its third fiscal quarter, showing double-digit growth revenue. For the quarter ending Jan. 31, the group saw a revenue increase of 13.8 percent, ... [Read More]

Fitch: Banks’ Growth Opportunity Lies in Auto Sector

Nick Zulovich
NEW YORK — While referencing the need to cultivate relationships with dealers, Fitch believes U.S. banks have a chance to foster loan growth via their auto portfolios as consumer demand and sales of both new and used vehicles increases. But ... [Read More]

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