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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

Equifax: Subprime Lending on the Rise

Nick Zulovich
ATLANTA — According to its most recent report on consumer credit trends, Equifax discovered several signs that the credit cycle is moving towards stabilization and growth, while subprime lending is also increasing in the auto, bankcard and consumer finance segments. Auto loan originations, in particular, ... [Read More]

J.D. Power Reveals Top Lenders Based on Dealer Satisfaction

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]

Survey: Auto Tops 2010 Consumer Complaints

Nick Zulovich
WASHINGTON, D.C. — Auto and credit/debt came in as Nos. 1 and 2 in top 2010 consumer complaints, according to a new survey out this week. And interestingly, Internet sales came in at No. 6, with one of the key ... [Read More]

Experian Automotive Offers New Service to Reduce Lender Risk

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive announced Monday that it will be offering lender’s a new service that aims to minimize the risk of financing vehicles with major title problems. AutoCheck Market Review combines vehicle history report information with AutoCount automotive ... [Read More]

Westlake Financial Reveals 2Q Top Auction Winners

Nick Zulovich
LOS ANGELES — Westlake Financial Services revealed Monday its choices for the top auctions for the second quarter. The title of Top Overall Auction went to Norwalk Auto Auction followed by Manheim Nevada — which had previously held the top spot ... [Read More]

Ford Credit Shows Steep Decline in Charge-Offs

Nick Zulovich
DEARBORN, Mich. — In reporting its second quarter results, Ford Credit revealed that charge-offs have decreased significantly. For the quarter, total charge-offs came in at $41 million, compared to $86 million in the same period of 2010. Breaking it down even ... [Read More]

NCM, SubPrime Auto Finance News Partner to Offer BHPH Webinar Tomorrow

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates is participating in a buy-here, pay-here dealer-geared Webinar tomorrow at 2 p.m. EST sponsored by Auto Remarketing and SubPrime Auto Finance News.  Brent Carmichael, NCM executive conference moderator, trainer and consultant to the BHPH industry, ... [Read More]

Dealers Face Financial Realities at AFSA Forum

Nick Zulovich
ALEXANDRIA, Va. — Last week I attended the Vehicle Finance Executive Forum in Washington D.C., with American International Automobile Dealers Association president Cody Lusk. The event, organized by the American Financial Services Association, was packed with dealers, members of the ... [Read More]

Huntington’s 2Q Auto Loan Portfolio Jumps by Double Digits Year-Over-Year

Nick Zulovich
COLUMBUS, Ohio — As Huntington Bancshares watched its second-quarter net income shoot up 15 percent from the first quarter of the year, officials explained Thursday how their auto loan portfolio significantly aided that progress. Huntington determined its average auto loan ... [Read More]

LEAP Auto Loans Gains New Director of Business Development

Nick Zulovich
SAN DIEGO — LEAP Auto Loans, an auto leasing company serving consumers who have difficulty obtaining credit, named a new director of business development for the consumer channel this week. Tapped for role is Kyle Kolsky, who is being charged with ... [Read More]

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