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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

CarHop Promotes $249 Down Payment Special

Nick Zulovich
EDINA, Minn. — CarHop, a buy-here, pay-here dealership group, is now advertising that its underwriters can get customers financed with as little as $249 down through the end of March. The company has stores in 11 states throughout the U.S., and ... [Read More]

FTC Launches Auto-Buying Roundtables as It Eyes Consumer Protection Under New Reform Legislation

Nick Zulovich
WASHINGTON, D.C. — Kicking off next month, the Federal Trade Commission will host roundtable discussions with dealers, financial experts and the public to explore consumer protection issues related to the sale, financing and leasing of light vehicles. Basically, federal officials ... [Read More]

Autobytel Collaborates with KBB to Offer Subprime Credit Financing

Nick Zulovich
IRVINE, Calif. — Autobytel and Kelley Blue Book extended their current relationship this week by expanding KBB's subprime auto finance offerings through Autobytel's website Car.com. The new agreement can allow Kbb.com site visitors with credit challenges and in need of ... [Read More]

GM Taps New CFO to Replace Liddell

Nick Zulovich
DETROIT — In a major leadership shift, General Motors revealed Thursday morning that vice chairman and chief financial officer Chris Liddell will step down from his post on April 1. The automaker also announced that replacing Liddell as CFO will ... [Read More]

The Work Number and DealerTrack Partner to Provide Employment and Income Verification

Nick Zulovich
ATLANTA — DealerTrack formed a partnership this week to provide lenders access to The Work Number, an automated solution for employment and income verification from Equifax. Officials explained The Work Number will be integrated into the DealerTrack Digital Document Services ... [Read More]

Honda Kicks Off Special Incentives Campaign

Nick Zulovich
CHARLOTTE, N.C. — "The Really Big Thing" is special sales event now being offered via Honda dealers and includes low cost leases and incentives. For a limited time during "The Really Big Thing Honda Lease Sales Event," the automaker is offering ... [Read More]

ChannelNet Shares Growth Achievement

Nick Zulovich
SAUSALITO, Calif. — ChannelNet, a company that provides secure personal microsite solutions in the auto financing industry, revealed recently that it has rolled out more than 8 million sites incorporating its personalization and targeting capabilities. The debut personal microsite from ChannelNet — ... [Read More]

DBRS Details Reasons for Strong Auto ABS Market This Year

Nick Zulovich
NEW YORK — DBRS recently reviewed last year's auto ABS performance and gave reasons why this year's used-vehicle market in particular should remain relatively strong. DBRS explained that auto ABS was the largest sector by securitization volume in 2010, although ... [Read More]

Car-Mart Opens 105th Dealership

Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart expanded its dealer network to 105 stores by opening its seventh rooftop in Alabama. The newest operation is located in Anniston, Ala. "We are pleased to announce the opening of our seventh location in Alabama. ... [Read More]

Proposed $100M Senior Secured Notes Offering Detailed by Credit Acceptance

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently shared its plans for a $100 million offering of its 9.125-percent senior-secured notes due 2017. The company explained that: "The notes will constitute additional securities under an existing indenture pursuant to which the ... [Read More]

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