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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

Ally Credit Canada Joins DealerTrack Canada

Nick Zulovich
TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack ... [Read More]

SEC Files Lawsuit Against Subprime Auto Firm

Nick Zulovich
BOSTON — The Securities and Exchange Commission is alleging that Inofin, a subprime auto finance firm, and several of its top officers improperly raised funds through unregistered securities, among other claims. The SEC is taking the company to court over the ... [Read More]

GenerationLeads Rolls Out Solutions to Bring Subprime Buyers to Dealers

Nick Zulovich
DALLAS — After compiling nine years of experience building leads for other retailers that sought buyers who have subprime credit, GenerationLeads recently revealed its leads now are available to franchise dealers. An advantage GenerationLeads insists it can deliver to store ... [Read More]

Suzuki, Sheffield Financial Renew Deal

Nick Zulovich
CLEMMONS, N.C. — This week, Sheffield Financial and American Suzuki Motor Corp. renewed and expanded their three-year financing services agreement, effective immediately. Executives explained the new contract covers both installment and revolving financing for motorcycles, scooters, ATVs and UTVs manufactured ... [Read More]

NADA Reports on Its Participation in FTC Vehicle Finance Roundtable

Nick Zulovich
DETROIT — The National Automobile Dealers Association revealed some insights into the Federal Trade Commission's Dealer Roundtable yesterday. The group said its representatives were on hand during the event in Detroit to highlight the importance of dealer-assisted financing. The series ... [Read More]

Black Book Now Helping Dealers Get Better Handle on Customer Credit Scores Before They Come to Store

Nick Zulovich
BOCA RATON, Fla. — In an effort to cut down the amount of time customers need to spend in the F&I office, as well as generate stronger leads for dealers, Black Book this morning announced a new Credit Activator offering that ... [Read More]

Wells Fargo Auto Finance to Trim 193 Collection Jobs

Nick Zulovich
BETHLEHEM, Pa. — SubPrime Auto Finance News recently confirmed that Wells Fargo Auto Finance is shuttering its auto loan collections operation at Bethehem, Pa., Lehigh Shopping Center in May, which will result in 193 layoffs. The company's reasoning for the closure ... [Read More]

Huntington to Step Up Hiring, Auto Lending in Michigan

Nick Zulovich
COLUMBUS, Ohio — Huntington announced this morning that thanks to the state's improving economic recovery, the company is significantly expanding its Michigan auto dealer financing business and will add key personnel to support this move. "With Michigan's continuing economic recovery, we ... [Read More]

Fed Suspends New-Vehicle Loan Average Reporting

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve halted its reporting on averages for new-vehicle loans by finance companies. Officials indicated the statistical foundation for this series of updates has "deteriorated" in the past few months. "Therefore, publication of these series is ... [Read More]

Nicholas Financial Expands Branch Network

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently opened two new branch offices, one in St. Louis and the other in Villa Park, Ill., a Chicago suburb. Company executives highlighted the new offices are Nicholas Financial's first entries in both major metropolitan ... [Read More]

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