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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

Vehicle Acceptance Joins iMETRIK GPS Pay Share Program

Nick Zulovich
DALLAS and MONTREAL — Vehicle Acceptance Corp., a buy-here, pay-here dealership payment stream lender, recently expanded its relationship with iMETRIK Automotive Solutions by joining the company's recently launched Pay Share program.  Executives explained Pay Share can allow a dealer to ... [Read More]

CNW: Dealers Need to Be Aware of Online Vehicle Loan Appeal

Nick Zulovich
BANDON, Ore — CNW Research president Art Spinella believes that when it comes to online financing, "the jury is still out." Why? Spinella indicated dealers continue to hold the high ground when it comes to rates and ease of getting ... [Read More]

S&P/Experian Credit Default Indices Open 2011 Strong

Nick Zulovich
NEW YORK — Any way one could view the latest S&P/Experian Consumer Credit Default Indices, the readings showed positive movements based on data through January of this year. Auto loans were among the types of credit contracts that made strong month-over-month ... [Read More]

DealerTrack Acquires Polk’s Price and Spec Business, Discusses 2010 Financials

Nick Zulovich
LAKE SUCCESS, N.Y. — Along with sharing how the company performed financially during the fourth quarter and all of last year, DealerTrack Holdings announced this week it has acquired one of the businesses previously owned by R.L. Polk & Co. ... [Read More]

ABI: Annual Bankruptcy Levels Finally Slow Down Growth Rate

Nick Zulovich
ALEXANDRIA, Va. — For the first time in three years, total bankruptcy filings in the United States didn't climb by double digits year-over-year. The American Bankruptcy Institute reported this week that total 2010 bankruptcies increased 8 percent above the 2009 ... [Read More]

VW Credit Taps New Agency of Record to Support New Product Launches

Nick Zulovich
HERNDON, Va. — As Volkswagen Credit and Audi Financial Services prepare for the launch of the new VW Passat in August and Beetle in September, the captives have tapped a new agency of record to roll out a customer loyalty campaign ... [Read More]

Consumers Continue to Opt for Less Expensive Units, but Average APR Grows

Nick Zulovich
DALLAS — The purchase and financing of an average-priced new vehicle accounted for 23.2 weeks of median family income in the fourth quarter, an improvement of 0.5 weeks, according to Comerica Bank. Consumers spent an average of $700 less, down 3 ... [Read More]

Credit Acceptance Outlines Tender Offer to Purchase Outstanding Common Stock

Nick Zulovich
SOUTHFIELD, Mich. — Explained as a pathway to generate capital to shareholders, Credit Acceptance Corp. recently announced the company commenced a tender offer to purchase up to 1,904,761 shares of its outstanding common stock. Credit Acceptance set the price at ... [Read More]

Provider Exchange Network Solution Now Integrated with F&I Menu Company

Nick Zulovich
TROY, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with F&I menu company, The Impact Group. Officials explained Impact's Fusion Menu now features electronic rating, forms and contract origination via PEN. They went on ... [Read More]

More Captives, Banks Approving Credit-Challenged Customers

Nick Zulovich
BANDON, Ore. — CNW Research discovered that both captives and major banks are tapping into pent-up demand of subprime new-vehicle buyers. Though Art Spinella, of CNW, explained that in comparison to levels prior to the recession, these approvals are still low, ... [Read More]

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