United Car Dealers Association Leaders Join CUCW Live Stage
Next up on our series of Auto Remarketing Podcast episodes from Live Stage at Canada’s Used Car Week is a conversation with United Car Dealers Association leaders Jim Hamilton, Christy Fines and John Tangreda. They talk with Cherokee Media Group ... Listen Here
Thursday, Jun. 25, 2026, 07:09 PM
Blair Earle of IAA Canada
Kicking off our series of Auto Remarketing Podcast episodes from the Live Stage at Canada’s Used Car Week is a conversation with Blair Earle, who is managing director at IAA Canada. Earle and Cherokee Media Group senior editor Joe Overby ... Listen Here
Thursday, Jun. 25, 2026, 06:59 PM
SPONSORED EPISODE: Bracing for more than ‘portfolio stress’ with John Elias of Allied Solutions
John Elias, sales specialist in auto finance business development with Allied Solutions, acknowledged lenders might be experiencing more than just “portfolio stress” since delinquencies, insurance costs, negative equity, and repossessions are all intensifying at the same time. Elias, who was ... Listen Here
Monday, Jun. 22, 2026, 07:11 PM
CPS Buys Portfolio of Fireside Auto Receivables
Tuesday, Aug. 9, 2011, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced Monday that it has entered into an agreement with Fireside Bank to purchase a $237 million portfolio of performing automobile receivables. Fireside Bank is a wholly owned subsidiary of Unitrin Inc. A subsidiary of ... [Read More]
GM Financial Reveals 2Q Net Income & Loan Originations Climb as Delinquent Receivables Dip
Thursday, Aug. 4, 2011, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — GM Financial watched both loan originations and net income rise and delinquent receivables fall during the second quarter. Officials revealed its second-quarter net income came in at $95.8 million, up from the year-ago figure of $85.5 ... [Read More]
CarHop Moves Kansas City Store to Newly Renovated Space
Thursday, Aug. 4, 2011, 12:00 AM
Nick Zulovich
KANSAS CITY, Mo. — CarHop recently celebrated relocating its Kansas City, Mo., store to a newly renovated space. After moving into the fresh building on July 29, company officials note that the location at 1115 E. Bannister Road will expand CarHop's ... [Read More]
July Consumer Bankruptcies Continue Downward Trend
Thursday, Aug. 4, 2011, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — July saw consumer bankruptcies fall substantially, continuing a downward trend in filings for the seventh straight month, according to the American Bankruptcy Institute. The rate of consumer bankruptcies decreased 18 percent nationwide during this past month, noted the ... [Read More]
Prestige’s Seagrave Takes on New Position with AFS Acceptance
Thursday, Aug. 4, 2011, 12:00 AM
Nick Zulovich
FORT LAUDERDALE, Fla. — After spending five years as senior vice president of loan originations at Prestige Financial in Salt Lake City, Scot Seagrave has a new position with a different company. Seagrave has been hired by AFS Acceptance, a ... [Read More]
Manheim: Wholesale Price Conditions Hit BHPH Dealers Hard & More Financing Trends Revealed
Tuesday, Aug. 2, 2011, 12:00 AM
Nick Zulovich
ATLANTA — When Manheim considered the buy-here, pay-here market when compiling its annual Used Car Market Report — Mid-Year Edition, chief economist Tom Webb discovered these stores have been especially impacted by high wholesale prices. Webb insisted BHPH dealers have to ... [Read More]
Nicholas Financial: 1Q Net Earnings Soar Nearly 50 Percent
Tuesday, Aug. 2, 2011, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently revealed its first quarter results, highlighting a set of substantial increases for both earnings and revenue. Net earnings for the three months came in at $5.303 million, marking a 48 percent increase from the ... [Read More]
Credit Acceptance Reveals 2Q Earnings, Loan Performance
Tuesday, Aug. 2, 2011, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — Although its second-quarter net income slipped year-over-year, Credit Acceptance Corp., watched that financial reading climb when looking at its performance through the first six months of 2011. Credit Acceptance reported Monday that its second-quarter consolidated net income ... [Read More]
Ally: Used U.S. Originations Spike 74 Percent, While Leasing Jumps 155 Percent Over 2010
Tuesday, Aug. 2, 2011, 12:00 AM
Nick Zulovich
NEW YORK — Reviewing Ally Financial's preliminary second-quarter results, SubPrime Auto Finance News discovered its auto originations growth was driven in large part by stronger used originations and leasing volume in the U.S., which spiked 74 percent and 155 percent, respectively. ... [Read More]
J.D. Power Reveals Top Lenders Based on Dealer Satisfaction
Thursday, Jul. 28, 2011, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered dealer satisfaction with automotive financing lenders has increased notably this year with improvement by certain banks outpacing gains by captive lenders, particularly in the prime retail credit space. Assertions in J.D. ... [Read More]
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