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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

ABI: 1Q Bankruptcies Decrease Year-Over-Year

Nick Zulovich
ALEXANDRIA, Va. — Perhaps showing that more consumers are in better financial shape, the American Bankruptcy Institute said fewer consumers filed for bankruptcy in the first quarter. Officials found the total number of U.S. bankruptcy cases filed during the first three months of ... [Read More]

NAF Association Unveils Keynote Speaker for Upcoming Below-Prime Auto Financing Conference

Nick Zulovich
HANOVER, Md. — Organizers of the National Automotive Finance Association's 15th Annual Below-Prime Auto Financing Conference revealed who will give the event's keynote address. The NAF Association tapped Dale Pollak, vAuto's founder. Pollak will make his presentation during the conference ... [Read More]

Nicholas Financial Finishes Record Fiscal Year on High Note

Nick Zulovich
CLEARWATER, Fla. — Fueled by strengthening revenue, Nicholas Financial finished its 2011 fiscal year by extending its string of record net earnings, figures that included quarter-over-quarter and year-over-year gains of more than 45 percent. Company officials revealed that for the ... [Read More]

LEAP Auto Loans Looks to Help Debtors Facing Repo or Bankruptcy

Nick Zulovich
SAN DIEGO — After a year of testing and development, LEAP Auto Loans revealed a new program that allows the company to work with lenders to mitigate their losses on defaulted auto loans and allow consumers to keep their vehicles. LEAP ... [Read More]

Strong 1Q Prompts DealerTrack to Revise 2011 Guidance

Nick Zulovich
LAKE SUCCESS, N.Y. — Triggered by significant income and revenue turnarounds, DealerTrack Holdings raised its revenue and earnings guidance after releasing its first-quarter financial performance. Company executives said Monday their GAAP net income for the quarter came in at $24.7 ... [Read More]

Equifax Sees Auto Loans Spike

Nick Zulovich
ATLANTA — Equifax announced this morning that it is continuing to see auto lending increase with average loan amounts generated through auto finance companies up 88 percent over 2009 levels. The total number of auto loans originated in January 2011 is ... [Read More]

Wolters Kluwer Unveils Indirect Lending Directory

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services is looking to help dealerships connect with more lending sources through its new Indirect Lending Directory. The listing contains lenders that accept and use the company's retail installment contracts to document the financing of ... [Read More]

Triad Veterans Launch CarFinance Capital

Nick Zulovich
IRVINE, Calif. — Several industry veterans behind Triad Financial recently banded together to launch a new non-prime auto finance lender, CarFinance Capital. Based in California, the company will first launch on the West Coast, expand to Texas in June and then continue ... [Read More]

DriveTime Unveils Exchange Offer for Senior Secured Notes

Nick Zulovich
PHOENIX — DriveTime Automotive Group and DT Acceptance Corp., announced this week the start of an exchange offer for $151 million  aggregate principal amount of their outstanding 12.625-percent Senior Secured Notes due in 2017. The decision also includes the guarantees ... [Read More]

GM Financial: GM Financing & Leasing Reaches Almost 40% of Quarterly Originations

Nick Zulovich
FORT WORTH, Texas — GM Financial revealed Wednesday that loan and lease financing on new General Motors vehicles accounted for 38.8 percent of the company's quarterly origination volume, compared to 19 percent in the previous quarter. Loan originations for the quarter ... [Read More]

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