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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

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]

Bankruptcy Filings Up 9 Percent Over June

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported this week that bankruptcy filings are up 9 percent over last month and the previous year. More specifically, bankruptcy filings came in at 137,698 in July, compared with 126,434 in July of last year, ... [Read More]

Open Dealer Exchange, Westlake Financial Partner

Nick Zulovich
TROY, Mich. — Open Dealer Exchange and Westlake Financial Services reached an agreement Tuesday that's geared to help dealers with credit applications. The partnership is meant to integrate credit applications directly into the store's dealership management system. Executives from both companies believe ... [Read More]

CPS Joins AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services revealed recently that another finance company has joined its AppOne platform. This time, executives from Consumer Portfolio Services made the decision to use AppOne, which can assist with the automation of indirect lending, credit approval ... [Read More]

Ally’s Healthy Income Performance Continues

Nick Zulovich
NEW YORK — Ally Financial had plenty of positive financial news to share Tuesday as executives announced the company posted its second consecutive quarter of profitability and its sixth profitable quarter in a row for its core automotive business. Ally reported ... [Read More]

Below-Prime Auto Financing Trends Revealed

Nick Zulovich
HANOVER, Md. — The 2010 Non-Prime Automotive Finance Survey results came out late last week and in a review of the data, SubPrime Auto Finance News discovered some interesting trends. Some of the findings include that asset-backed securities funding is growing, market ... [Read More]

NRC Panel to Address Subprime Repossessions

Nick Zulovich
CARY, N.C. — As the lineup continues to be finalized for the upcoming National Remarketing Conference, which will be held in Nov. 10-12 in San Diego, conference planners have announced that a subprime repossession panel will be held during the second ... [Read More]

Southeast Toyota Finance Rolls Out New Incentive

Nick Zulovich
DEERFIELD BEACH, Fla. — Southeast Toyota Finance has rolled out a new program this week designed to give recent or upcoming college graduates and Master's or Ph.D. degree candidates greater ability to make a vehicle purchase in the midst of a ... [Read More]

Auto Lenders Improve Dealer Satisfaction Levels from 2009

Nick Zulovich
WESTLAKE VILLAGE, Calif. — Given all the changes that have occurred in the auto lending space since the capital markets collapsed, there are apparently three key factors dealers prefer and look for in the lenders they work with and send much ... [Read More]

National FICO Scores Show Decline, But Stabilization Occurring

Nick Zulovich
MINNEAPOLIS, Minn. — A comparison of national FICO Scores from 2008, 2009 and 2010 show that consumer credit risk has climbed over the past two years. Looking at prime scores, FICO found that nearly 19 percent of consumers had scores from ... [Read More]

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