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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

Las Vegas-Based Finance Company Goes with LoanPlus GPS

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS revealed the decision this week about how a Las Vegas-based finance company that primarily purchases contracts from buy-here, pay-here dealers chose to use its asset management system. Company officials indicated they plan to deploy a customized version ... [Read More]

FICO: Bankers Show Negative Outlook on Auto Loan Sector

Nick Zulovich
MINNEAPOLIS — In a quarterly survey of bank risk professionals, FICO discovered that while pessimism among these executives remain, apparently things are getting better as the results are less negative than the second quarter. Looking specifically at bank risk officers who specialize ... [Read More]

RouteOne Leverages LeadSync for Enhanced Lead Optimization

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne on Tuesday launched an integration with LeadSync, what executives described as a complimentary tool that can automatically export customer leads directly to a dealership's RouteOne integrated DSP. They went on to note LeadSync is meant to ... [Read More]

Auto Funding Services Partners with Another Lead-Generation Provider

Nick Zulovich
SAN RAMON, Calif. — In an effort to better reach all parts of the non-prime market, Auto Funding Services recently partnered with BlueSky Marketing Group. The partnership means not only is AFS integrated with BlueSky's leads platform known as Real Leads, ... [Read More]

Incentives Appear to Be Driving Consumer Response

Nick Zulovich
BANDON, Ore. — In July, thanks to very strong incentives, including special lease deals and used-car trade-in promotions, two automakers smashed through the average industry sales increase of 6.8 percent. While August sales were down significantly year-over-year, many analysts are pointing ... [Read More]

SmarTrend Ranks Two Subprime Lenders Strongly in Terms of Operating Margins

Nick Zulovich
NEW YORK — Based on several positive financial developments, SmarTrend investment analysts recently gave upbeat assessment on the potential return for several consumer finance companies, including subprime auto lenders Credit Acceptance and Nicholas Financial. SmarTrend went with Credit Acceptance because it ... [Read More]

ABI: Bankruptcy Filings Drop Month-Over-Month, but Remain Higher than Last Year

Nick Zulovich
ALEXANDRIA, Va. — Month-over-month and year-over-year comparisons showed the August consumer bankruptcy total is trending two ways. The American Bankruptcy Institute reported this week that August bankruptcy filings fell 8 percent compared to the previous month to 127,028. National Bankruptcy Research Center ... [Read More]

Credit Union Unveils Additional APR Reduction on Green Vehicles

Nick Zulovich
BEAVERTON, Ore. — First Tech Credit Union is offering an additional discount through a federal agency program to give members an APR reduction if they buy certain emission- or fuel-friendly vehicles. The Environmental Protection Agency's SmartWay program covers more than 1,500 ... [Read More]

NABD Realigns Collection, Underwriting Conference to Better Serve Dealers

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently announced a revamped format and new location for its fourth annual Underwriting and Collections Conference. This year's three-day event will offer separate educational tracks for collections and underwriting. It's scheduled for Nov.7-9, this time in ... [Read More]

Santander Finalizes Deal to Purchase Remainder of HSBC Auto Loan Portfolio

Nick Zulovich
DALLAS — Spain's Banco Santander has apparently finalized a deal to purchase the remainder of HSBC's portfolio of auto loans for about $4 billion. The bank filed this disclosure with Spain regulators, saying Santander Consumer USA will service the portfolio. Basically, ... [Read More]

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