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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

Dealers Can Now Use Smartphones to Tap into RouteOne’s Platform

Nick Zulovich
FARMINGTON HILLS, Mich. — Dealers can now utilize the RouteOne platform through their iPhone, iPad, iPod Touch and Android mobile devices, which can allow dealers to be more flexible and efficient during the sales process. The company revealed today that https://www.routeone.net/ is ... [Read More]

Capital One Auto Loan Originations Soar 31% Over 1Q

Nick Zulovich
McLEAN, Va. — For the second quarter, Capital One recently announced that auto loan originations climbed 31.4 percent over the previous quarter to hit $1.8 billion. In the first quarter, Capital One posted about $1.3 billion in auto originations. In the ... [Read More]

Credit Union Offers Special Loan Zone Sale This Weekend

Nick Zulovich
LATHRUP VILLAGE, Calif. — With the aim of offering auto shoppers across the credit spectrum the financing that best suits them, Michigan First Credit Union will be holding its annual Loan Zone car sale on Friday and Saturday. Included in the ... [Read More]

Nicholas Financial Reports Record 1Q Revenue, Earnings

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that for its first quarter, net earnings climbed 65 percent to $3.426 million, compared with $2.081 million for the same period last year. The first-quarter figure excludes the change in fair value of interest rate ... [Read More]

DealerTrack Touts 2Q Revenue Rise

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings cheered its second-quarter financial performance although a healthy quarterly revenue gain translated into a slight GAAP net loss. As executives discussed their most recent financial report, they shared their revenue figure for the second quarter ... [Read More]

Fed: Average Auto Loan APR Heads Toward Lowest Annual Point

Nick Zulovich
WASHINGTON, D.C. — Nearing the lowest point so far in 2010, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in June. Federal officials pinpointed the average at 4.02 percent. Back in January, ... [Read More]

AmeriCredit Originates Close to $1 Billion in 4Q

Nick Zulovich
FORT WORTH, Texas — Not long after announcing that General Motors is acquiring AmeriCredit in an all-cash transaction valued at about $3.5 billion, the subprime auto lender announced its fiscal fourth-quarter and full-year financial results. The company more than doubled its ... [Read More]

Carbiz Announces New Board and Management

Nick Zulovich
SCOTTSDALE, Ariz. — Carbiz announced that as of July 29, the company has new management and a new board of directors to assume operational control. According to the company, the new management was put into place because of the prior management ... [Read More]

USAA Launches iPhone App to Cater to Vehicle Shoppers

Nick Zulovich
SAN ANTONIO — Military personnel and their families who use USAA for assistance in making a vehicle purchases now can put an iPhone to work during the process. Officials from USAA recently rolled out an app for their assistance program, Auto ... [Read More]

Manheim Mid-Year Market Report: Lenders & Dealers Adapt to Changing Marketplace

Nick Zulovich
ATLANTA — In an interview with SubPrime Auto Finance News on Manheim's Mid-Year Used-Car Market Report, Tom Webb explained that repossessions are declining throughout the industry and that loans performed well given the big loss in unemployment. He also indicated that ... [Read More]

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