Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months
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SAFCO promotes CFO to president
Monday, Jul. 13, 2026, 11:54 AM
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
Thursday, Jul. 16, 2026, 02:46 PM
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
Tuesday, Jun. 30, 2026, 10:53 AM
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
Monday, Jun. 29, 2026, 03:44 PM
ABI: May Consumer Bankruptcies Fall Double Digits
Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — May saw a considerable downfall in consumer bankruptcies both month-over-month and year-over-year, according to the American Bankruptcy Institute. Sliding by 16 percent year-over-year, data from the National Bankruptcy Research Center showed that May's overall consumer filings totaled ... [Read More]
GM Financial Unveils $1 Billion Senior Subordinate Asset-Backed Securitization
Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Soon after word spread about an upcoming dealer floor plan program, GM Financial this week revealed pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities. ... [Read More]
Vehicle Acceptance Reveals New Branch
Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
DALLAS — Citing strong demand, Vehicle Acceptance Corp. announced it is bringing its buy-here, pay-here services to a new office in the Northwest. VAC entered the Portland, Ore., market last year in anticipation of the branch opening, management explained. "We ... [Read More]
Chase Auto Finance Expands Subprime Market Presence
Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — As lenders look to grow profitability and market share, subprime could become an attractive avenue again, albeit with tighter underwriting criteria. In perhaps one indication of the subprime market's slow return, Chase Auto Finance announced today that ... [Read More]
CarHop Ramps Up Assistance to Joplin Tornado Victims
Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
JOPLIN, Mo. — As the company's dealership barely escaped severe damage, CarHop is broadening its efforts to serve customers in Joplin, Mo., site of nation's deadliest single tornado since the National Weather Service started keeping records in 1950. Along with ... [Read More]
VINtek Takes Portal to iPhone & iPad
Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek announced that its consumer auto finance Web portal is now compatible with the Apple iPhone and iPad. The company's TitleMyCar website can enable dealers to cut down on processing time and costs by electronically delivering documents to borrowers for ... [Read More]
Westlake to Become Regular Securitization Issuer
Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services recently finalized a revolving securitization facility with Wells Fargo Securities worth $250 million. The company said the deal closed May 26. "This latest securitization is another step towards realizing our goal of becoming a ... [Read More]
Sunwest Bank Branch Now Offering Credit Lines to Subprime Auto Lenders
Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
ANAHEIM, Calif. — In conjunction with hiring a new senior vice president and team leader for its commercial banking group, Sunwest Bank revealed it's now offering rediscount lines of credit to indirect subprime auto lenders from its Anaheim, Calif., office. Rediscount ... [Read More]
GM Financial to Launch Dealer Floor Planning
Thursday, Jun. 2, 2011, 12:00 AM
Nick Zulovich
FORT WORTH Texas — General Motors dealers who use GM Financial to service subprime buyers could be using the company for more store financing operations later this year. GM Financial confirmed Wednesday that it plans to give franchise dealers a ... [Read More]
CNW: Independent Dealers’ Inventory Issues Hurt May Used Sales Total
Thursday, Jun. 2, 2011, 12:00 AM
Nick Zulovich
BANDON, Ore. — CNW Research's May used-vehicle sales figures show how independent and buy-here, pay-here dealers struggled somewhat to maintain retail traction because of inventory limitations. Independent dealers sold 1,490,749 used vehicles in May, a decline of 4.4 percent from ... [Read More]
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