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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

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]

GoldStar GPS Unveils New Tracking Device

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS has rolled out a new GPS device meant to track collateral more closely through the brand familiar to subprime auto finance operations, GoldStar GPS. Management highlighted features of the ROCKET that include a hypersensitive antenna and enhanced ... [Read More]

Trifish Finance Turns to New Company for Payment Processing

Nick Zulovich
CHATTANOOGA, Tenn. — Trifish Finance, an indirect auto finance company based in southern California, recently switched to ACH Federal to orchestrate online payment processing services. Executives from both companies have been pleased with the relationship that began in May, saying that more than ... [Read More]

AmeriCredit Now on Fitch Ratings Watch

Nick Zulovich
NEW YORK — Last week's revelation that General Motors would acquire AmeriCredit also prompted a reaction from Fitch Ratings. A day after the automaker made its announcement, Fitch placed AmeriCredit on rating watch. The ratings firm explained it will now analyze GM's credit ... [Read More]

Chase Auto Originations Dip Quarter-Over-Quarter

Nick Zulovich
NEW YORK — Chase recently reported that auto loan originations for the second quarter were up 9 percent from the prior year; however, they were down 8 percent from the previous quarter. More specifically, the company indicated that average auto loans ... [Read More]

GM to Purchase AmeriCredit

Nick Zulovich
DETROIT — This morning, General Motors announced it is acquiring AmeriCredit to meet consumer demand for leasing and non-prime financing. GM plans to acquire AmeriCredit in an all-cash transaction for about $3.5 billion. While GM will become the non-prime lender's parent ... [Read More]

S&P/Experian Say Defaults Declining

Nick Zulovich
NEW YORK — In some good news for the industry, in analyzing trends for their default indices Standard & Poor's and Experian discovered that monthly default rates declined for all five credit lines. Auto loan defaults came in at 1.7 percent in ... [Read More]

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]

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