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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

Subprime Dealer Creates Mobile App to Help Buy Most Profitable Inventory

Nick Zulovich
LAFAYETTE, Ind. — For a subprime dealer, going to auction can be particularly challenging. Not only does he need to meet his inventory needs, but the vehicles he buys also must fall within specific lender requirements. For instance, Shawn Foster, president ... [Read More]

Huntington Broadens Dealer Financing into Two New States

Nick Zulovich
COLUMBUS, Ohio — On Wednesday, Huntington announced it is expanding its auto dealer financing business into two new states, including Wisconsin and Minnesota. Huntington will begin processing applications through dealers by Oct. 24. The company expects to provide financing solutions to ... [Read More]

CarHop Hires New VP of Sales and Operations

Nick Zulovich
MINNETONKA, Minn. — Buy-here, pay-here dealership chain CarHop announced Wednesday it has hired a new vice president of sales and operations. Tapped for the position is Mike Anderson, who will lead the sales and store operations for all CarHop locations. ... [Read More]

2,500th Lender Signs on at VINtek as More State DMVs Adopt ELT Services

Nick Zulovich
PHILADELPHIA — VINTek announced today that it has signed on its 2,500th lender for its VintekTIME collateral management technology. The program, which provides lenders with an automated virtual title department, also integrates with the company’s direct-to-consumer loan servicing platform that ... [Read More]

Vehix Taps RoadLoans.com as Preferred Lender

Nick Zulovich
DALLAS — Geared as the next step beyond just getting shoppers to dealers, Vehix recently selected RoadLoans.com as its preferred lender. Now potential buyers can apply for vehicle financing through RoadLoans.com as part of their shopping experience. Consumers shopping at ... [Read More]

Credit Acceptance Reveals Completion of $200.5M Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $200.5 million asset-backed non-recourse secured financing deal. Per this transaction, the company contributed loans having a net book value of approximately $250.8 million to a wholly-owned special purpose ... [Read More]

Finance Express Adds Preferred Automobile Credit to Portal

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of Web-based financial services and technology for independent dealerships, recently partnered with Preferred Automobile Credit Co., a growing indirect subprime auto finance company. In explaining why Finance Express broadened its lender ... [Read More]

Experian Automotive to Keynote NABD Conference

Nick Zulovich
HOUSTON — One of Experian Automotive’s top experts will be the keynote speaker at the National Alliance of Buy-Here, Pay-Here Dealers’ Conference in November. Director of automotive credit for Experian Automotive Melinda Zabritski will work to dispel the myths of BHPH ... [Read More]

New CarHop Hire to Direct Inventory and Service Strategy

Nick Zulovich
MINNETONKA, Minn. — Buy-here, pay-here dealership chain CarHop announced Wednesday the appointment of a new director of inventory and service strategy. Tapped for the position is Matt Dickinson, who will lead the efforts of the company’s vehicle buying, reconditioning, service ... [Read More]

ABA Spots 2Q Climb in Auto Loan Delinquencies

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association's latest Consumer Credit Delinquency Bulletin showed auto loan delinquencies were on the rise during the second quarter as were most loan and credit segments. The association discovered that quarter-over-quarter direct auto loan delinquencies ... [Read More]

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