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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

CarFinance Capital Takes Non-Prime Program to Another Major Market

Nick Zulovich
IRVINE, Calif. — Following a successful rollout in California last month, CarFinance Capital — a new, specialized provider of indirect non-prime auto financing for dealers — is now making its service-oriented program available in Texas. Led by an experienced team ... [Read More]

GrooveCar Leverages Participating Credit Unions & Dealers for Annual Sale

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar — one of Long Island's largest dealer marketing products and indirect lender of auto loans — recently invited Long Island credit union members and the general public to take advantage of its annual vehicle sale, which ... [Read More]

Capital One Auto Finance Seeks Franchised & Independent Dealer Partners as President Eyes a Return to Growth

Nick Zulovich
PLANO, Texas — Now that the company has successfully weathered the capital markets storm, Capital One Auto Finance president Kevin Borgmann explained to SubPrime Auto Finance News his division is ramping up growth via new dealer relationships and hiring associates. In ... [Read More]

SECU of New Mexico Rolls out Contest to Generate More Vehicle Loans

Nick Zulovich
SANTA FE, N.M. — State Employees Credit Union of New Mexico shared ways new and current members can win the grand prize of its new auto loan promotion contest. Now running through Aug. 31, the credit union is prepared to ... [Read More]

LexisNexis Unveils Revamped Receivables Management Website

Nick Zulovich
NEW YORK — LexisNexis officially re-launched its dedicated receivables management website, outfitting the site with new Web 2.0 capabilities in an attempt to create an interactive, online experience.  The website now features blog posts and articles relevant to the receivables ... [Read More]

Nationwide Joins the AppOne Platform

Nick Zulovich
MINNEAPOLIS — Nationwide Acceptance Corp. dealer customers may now process credit applications electronically through Wolters Kluwer Financial Services’ AppOne lender platform. The two companies recently announced that Nationwide has joined the AppOne lender platform, which automates the indirect lending, credit ... [Read More]

S&P/Experian: Auto Loan Defaults Decline

Nick Zulovich
NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage default rates decreased in May to 2.09 percent and ... [Read More]

Credit Acceptance Increases Credit Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. has extended the maturity and increased the amount of its revolving secured line of credit facility, as well as extended the date on which its $325 million revolving secured warehouse facility will cease to revolve. Credit Acceptance ... [Read More]

Hyundai Renews Partnership with Social Website to Help Consumers with Down Payments

Nick Zulovich
FOUNTAIN VALLEY, Calif. — In an effort to push the 2012 Accent and the rest of its new-model lineup, Hyundai Motor America renewed its partnership with Motozuma, a free social savings website where consumers can stash money to be used ... [Read More]

Finance Express Now Offers AutoCheck Reports Online

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Taking its dealer suggestions seriously, Finance Express recently announced that Experian Automotive’s AutoCheck vehicle history reports will now be available through the company’s Internet-based dealer management system. "We take our dealers' suggestions very seriously, so ... [Read More]

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