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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

Ally: Strong 3Q Auto Performance Not Enough to Reverse Mortgage Struggles

Nick Zulovich
NEW YORK — Ally Financial's strengthening third-quarter auto originations weren't enough to overcome softening within the company's mortgage division, resulting in a net loss. Ally said earlier this week that it sustained a third-quarter net loss of $210 million, compared ... [Read More]

Special Room Rate for Used Car Week Conferences Expires Today

Nick Zulovich
CARY, N.C. — As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, it was announced the special conference room rate of $200 expires today and cannot be extended. Bill ... [Read More]

Ford Credit President Chosen as AFSA Chair

Nick Zulovich
WASHINGTON, D.C. — Revealed late last week, Ford Motor Credit’s president has been installed as the American Financial Services Association’s 2011–2012 chair. John Noone was appointed to the position during the association’s 95th annual meeting in the nation’s Capitol. Commenting ... [Read More]

Nicholas Financial Posts Record 2Q

Nick Zulovich
CLEARWATER, Fla. — With more location growth on the horizon, Nicholas Financial enjoyed a record second quarter, generating a 39-percent increase in net earnings. The company recently reported its second-quarter net earnings figure rose to $5.520 million from $3.982 million. ... [Read More]

Clarity Services Unveils ID Fraud Product Specifically Designed for Subprime Market

Nick Zulovich
CLEARWATER, Fla. — Clarity Services, a provider of subprime, thin-file and under-banked consumer data reporting, recently announced the release of its new Clear Subprime ID Fraud solution. The company highlighted Clear Subprime ID Fraud can provide several identity verification elements ... [Read More]

Repo and Recovery Execs to Share Insights at Re3 Conference

Nick Zulovich
CARY, N.C. — Some of the repossession and recovery industries' top executives will offer their insights and best practices for the industry during the brand-new, half-day Re3 Conference, which will take place Nov. 16 in Las Vegas. The Re3 Conference ... [Read More]

SNAAC Sold to Investor Group

Nick Zulovich
CINCINNATI — Security National Automotive Acceptance Corp. announced this week it closed on the sale of the company and its TriStar insurance affiliates to a group of private investors. The existing senior management team, headed by president and chief executive ... [Read More]

GM Financial Prices $900M Receivables-Backed Securities

Nick Zulovich
FORT WORTH, Texas — General Motors Financial revealed Wednesday the pricing of a $900 million offering of automobile receivables-backed securities. The weighted average coupon on the notes to be paid by GM Financial is 2.9 percent. Moreover, the 2011-5 transaction ... [Read More]

CarHop Opens Doors to 4th Chicago-Area Store

Nick Zulovich
CHICAGO — Buy-here, pay-here dealership chain CarHop revealed Wednesday that Chicago-area car shoppers will have another dealership to choose from. The company opened its fourth Chicago-area store yesterday, located at 6039 North Western Avenue; an area which the company asserts ... [Read More]

Black Book Launches Collateral Risk Scores for Lenders

Nick Zulovich
GAINESVILLE, Ga. — Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios? Black Book believes it has ... [Read More]

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