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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

Subprime Approvals Continue to Creep Higher

Nick Zulovich
BANDON, Ore. — Subprime new-loan approvals have now shown four months of increases, according to CNW Research. For October, 7.6 percent of subprime loan applications were approved, up from 6.9 percent in September and 5.7 percent in October 2009. "While still ... [Read More]

Ally Launches Wholesale Financing for Recreational Vehicles

Nick Zulovich
DETROIT — Ally Financial announced Tuesday that it is offering a national program for wholesale financing for RV dealer inventory, enhancing its preferred provider relationship with Thor Industries. Thor has about 1,200 dealers selling such brands as Airstream, Breckenridge, CrossRoads, Dutchmen, ... [Read More]

AFS Acceptance Renews Credit Line, Augments Dealer Financing

Nick Zulovich
FORT LAUDERDALE, Fla. — AFS Acceptance said recently that its line of credit with its senior lender has been renewed and bolstered. Additionally, the company said its dealer financing programs have been upgraded. Official said the new line of credit was ... [Read More]

Infiniti Returns to Winter Event Ad Campaign with Special Finance Offers, Lease Deals

Nick Zulovich
FRANKLIN, Tenn. — On Wednesday, Infiniti announced the return of its Limited Engagement Winter Event, which features special leasing and financing offers. Infiniti is saying this event offers its best deals of the year. The campaign is supported by a new ... [Read More]

Top Auto Finance Execs to Lead Panel at AFSA Conference

Nick Zulovich
WASHINGTON, D.C. — Leading executives with four auto finance companies will come together during the American Financial Services Association's 15th Annual Vehicle Finance Conference and Exposition early next year for a panel discussion that will delve into how these leaders and ... [Read More]

Comerica: Auto Affordability Improves a Bit

Nick Zulovich
DALLAS — The purchase and financing of an average-priced new vehicle took 23.8 weeks of median family income in the third quarter of the year, reported Comerica Bank this week. The average cost of buying and financing a new car declined ... [Read More]

Saab Taps Ally Financial for Vehicle Service, Maintenance Products

Nick Zulovich
DETROIT — Ally Financial announced it has been selected as the recommended provider of F&I products and services for U.S. Saab dealerships. Ally Financial will offer its Repair Advantage line of vehicle service and maintenance contracts to customers via Saab dealers, ... [Read More]

Daimler Financial Services Rebrands

Nick Zulovich
FARMINGTON HILLS, Mich. — Daimler Financial Services announced this week that it officially changed its legal name. The company now will be known as Mercedes-Benz Financial Services USA and will continue to serve as the captive finance unit for an array of ... [Read More]

CPS’ Year-Over-Year Losses Continue in 3Q, but Company Buying More Contracts

Nick Zulovich
IRVINE, Calif. — A significant drop in third-quarter total operating expenses wasn't enough to offset a sharp decline in revenue, sending Consumer Portfolio Services to another pretax and net loss. The company indicated this week its pretax loss for the third ... [Read More]

More Than 500 Turn Out for NABD Underwriting and Collections Conference

Nick Zulovich
DALLAS — More than 500 attendees from throughout the nation and Canada gathered for the National Alliance of Buy-Here, Pay-Here Dealers Underwriting and Collection Conference held in Dallas. Ken Shilson, CPA and conference chairman, stressed that this was the largest underwriting ... [Read More]

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