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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

Leedom Group CEO Spearheads BHPH Dealer Advisory Council Formation

Nick Zulovich
SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]

Bank of America Grows Direct-to-Consumer Loans with VINtek’s Help

Nick Zulovich
PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America ... [Read More]

Fiserv, DriveTime Broaden Partnership to Give Customers More Payment Options

Nick Zulovich
BROOKFIELD, Wis. — Fiserv and DriveTime recently expanded their partnership so that now instead of just having the ability to pay at a dealership location and online or via phone, customers can now also pay their auto loan bills at more than ... [Read More]

New OneCommand Tool Aims to Find Customers with Built Up Equity to Drive Sales

Nick Zulovich
CINCINNATI — OneCommand recently rolled out a new tool it's calling Equity Scoring, a product designed to help dealerships identify the current equity position of both finance and cash customers. Geared to reach potential buyers most likely to be ready and ... [Read More]

Car-Mart CEO: Our Growth Will Continue Thanks in Large Part to Repeat Customers

Nick Zulovich
BENTONVILLE, Ark. — William "Hank" Henderson, America's Car-Mart president and chief executive officer, said late last week  that management is continuing its growth strategy and credits repeat customers as a large factor in the company's solid financial performance. Henderson indicated that ... [Read More]

CNW: Teens No Longer Receiving First Vehicle Choice; Parents More Likely to Pay Cash

Nick Zulovich
BANDON, Ore. — Back in 2005, 91 percent of male and 93 percent of female teens received their first vehicle choice. However, in 2010, this is no longer the case. According to CNW Research, this figure dropped to 76 percent and ... [Read More]

Prime Acceptance Uses NCCI to Increase Collection Efficiency

Nick Zulovich
SALT LAKE CITY — Prime Acceptance Corp. recently shared how a partnership with National Creditors Connection is helping the company to re-establish contact with overdue customers who are not responding to phone calls or letters. The initiative is meant to keep these consumers in vehicle loan contracts ... [Read More]

J.D. Byrider Hires New VP of Store Operations

Nick Zulovich
CARMEL, Ind. — J.D. Byrider selected a new vice president of store operations earlier this week. Taking on the task of managing all aspects of J.D. Byrider's 13 company-owned locations is former Wells Fargo executive Todd Gunderson. Management stressed that Gunderson ... [Read More]

Westlake Gains Higher Credit Facility, Enhances Customer Communication Software

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced it has increased the revolving credit facility for Westlake Financial Services from $240 million and one year to $365 million and three years. Wells Fargo Preferred Capital is the lead agent and ... [Read More]

FICO Launches Collection System with Built-In Analytic Adaption

Nick Zulovich
MINNEAPOLIS — FICO recently announced the launch of an enhanced solution to help lenders improve collections and recoveries. The new product, FICO Debt Manager version 8.0 is, what officials call a complete redesign of the company's core collection system, offering new ... [Read More]

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