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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

CarMax Expands Ohio Market Penetration

Nick Zulovich
RICHMOND, Va. — CarMax doubled the amount of rooftops it has in Ohio this week. The company already operated two facilities in the state capital, Columbus, but now showrooms are up and running in both Cincinnati and Dayton. The new Cincinnati ... [Read More]

Fitch Says Prime Losses Down But Issues Words of Caution

Nick Zulovich
NEW YORK — According to Fitch Ratings delinquencies and losses on prime auto loan asset-backed securities hit their lowest levels in May since the summer of 2007. However, officials cautioned that this trend was "mainly due to seasonal factors." In fact, ... [Read More]

AmeriCredit’s CEO Describes Surviving the Downturn

Nick Zulovich
FORT WORTH, Texas — At the recent Below-Prime Credit Auto Financing Conference, Dan Berce, president and chief executive officer of AmeriCredit, described how his company survived what many have called another "Great Depression." AmeriCredit's management team started to see the capital ... [Read More]

Will N.Y. State Regulation Drive Auto Loan ABS Away?

Nick Zulovich
NEW YORK — According to DBRS, the New York State Assembly has proposed a new bill called the Vehicle Lienholder Accountability Act, which company officials say could limit auto loan asset-back securities issuers from including receivables originated in that state in ... [Read More]

iMETRIK to Hold Free Webinar about GPS/SID Evaluation

Nick Zulovich
MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, is orchestrating a free Webinar meant to help store management more effectively evaluate GPS and starter-interrupt device technology. Organizers plan to share a checklist ... [Read More]

Experian Shares Latest Auto Loan Trends, Top Lenders

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive reviewed first-quarter data regarding open auto loans and found the better the credit standing, the more growth there has been as compared to the first quarter of 2009. In fact, Experian indicated the only growth came ... [Read More]

NABD Unveils Specifics on Annual Underwriting, Collections Conference

Nick Zulovich
HOUSTON, Texas — The National Alliance of Buy-Here, Pay-Here Dealers recently announced that it will hold its Fourth Annual Underwriting & Collections Conference at a new venue in Dallas on Nov. 7-9, 2010. More than 500 people are expected to attend this ... [Read More]

Chevrolet, USAA Tally 2009 Total Consumer Discount Value

Nick Zulovich
DETROIT — Chevrolet and USAA, a financial services provider for the military community, recently tabulated the discount total toward vehicle purchases they provided to troops and their families in 2009. All together, these companies distributed more than 21,000 discounts, compiling a ... [Read More]

TSi Auto Solutions Acquires AutoSoft

Nick Zulovich
MANHATTAN BEACH, Calif. — TSi Auto Solutions, a business management solutions provider to automakers, dealer groups and others, this week announced an acquisition the company believes should increase its customer base by 30 percent. Executives revealed they have secured AutoSoft, a ... [Read More]

Car-Mart Seeks New Stores as Sales, Net Income and Revenue Climb

Nick Zulovich
BENTONVILLE, Ark. — In addition to announcing a new dealership in Tennessee, America's Car-Mart recently shared fourth quarter and fiscal full-year results. In some positive news, net income, revenue and sales are all up over the prior year, which has led ... [Read More]

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