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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

GM, AmeriCredit Execs Discuss Acquisition

Nick Zulovich
DETROIT — Following General Motors' announcement this morning that it is acquiring AmeriCredit, executives with the two companies participated in a conference call with analysts and media to shed some more light on the implications of the transaction. GM's planned purchase ... [Read More]

VINtek Opens California Office

Nick Zulovich
PHILADELPHIA — VINtek recently announced it has expanded its operations in California and opened an office in Sacramento to tackle a range of auto collateral needs in one of the country's highest volume titling states. The office is designed to enable ... [Read More]

NAF Association Asks Hudson Cook Partners to Decipher Wall Street Reform’s Impact on Lenders, Dealers

Nick Zulovich
HANOVER, Md. — Even as President Obama put his signature on the Wall Street Reform and Consumer Protection Act of 2010 Wednesday, the National Automotive Finance Association as well as two partners from well-known industry law firm Hudson Cook still remain ... [Read More]

KBB: More Consumers Turn to Used Units, Plan to Pay with Cash

Nick Zulovich
IRVINE, Calif. — New research from the Kelley Blue Book Market Intelligence Group revealed today that more vehicle buyers are apparently turning to used units, as well as tending to pay in cash rather than financing their purchases. The study findings showed some startling ... [Read More]

DealerTrack to Host Webinar on Risk-Based Pricing Rule

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack is taking measures so dealers who provide indirect auto financing can fully comply with the Federal Trade Commission's Risk-Based Pricing Rule. The federal mandate set to become effective at the start of next year will be ... [Read More]

Credit Acceptances Announces Early Results of Tender Offer

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. announced the preliminary results of its tender offer, which expired at 5 p.m. ET on Monday. The goal was the purchase up to 4 million shares of the company's outstanding common stock at a price ... [Read More]

First Investors Pushes Through Economic Downturn, Returns to Growth

Nick Zulovich
HOUSTON — While net earnings were down for First Investors Financial Services for the three-month period ending April 30, the company's chief executive officer said the origination growth kicked back into gear in the third quarter and continues to ramp up. ... [Read More]

Auto Equity Loans Launches Three New Offices

Nick Zulovich
WILMINGTON, Del. — Auto Equity Loans, a provider a short-term loans based on "clear and free" auto loan titles, announced it is opening three new offices in Wilmington, Bear and Newark, Del. "Banks have shut their doors to consumers who need ... [Read More]

NAF Association to Host Webinar to Update Industry on Consumer Protection Agency Ramifications

Nick Zulovich
HANOVER, Md. — How will the new Consumer Protection Agency impact non-prime auto financing? That's what the National Auto Finance Association is seeking answers for in its upcoming Webinar slated for 12:30 p.m. ET on Wednesday. Basically, the association will be ... [Read More]

Wolters Kluwer Enhances Fair Lending Solution

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that its Fair Lending Wiz software now includes an ethnicity proxy functionality. Management explained the enhancement can allow financial institutions to make a determination of whether a loan applicant is Hispanic when ... [Read More]

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