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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

Credit Acceptance Extends and Modifies Revolving Line of Credit Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. announced Wednesday that it has extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2011, to June 22, 2012. The amount of the facility remains unchanged at $150 million. ... [Read More]

Fed: Average Auto Loan Interest Rate Drops Again

Nick Zulovich
WASHINGTON, D.C. — Continuing the downward push seen throughout the quarter, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in April. Federal officials pinpointed the average at 4.13 percent. The April rate ... [Read More]

GMAC Specifies 14 States for Thor Financing Launch

Nick Zulovich
DETROIT — GMAC recently revealed the 14 states where consumer financing for recreational vehicles made by Thor Industries now is available. The initial roll out includes such states as Alabama, California, Colorado, Florida, Georgia, Maryland, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, ... [Read More]

Hertz Rent2Buy Teams Up with Chase to Provide Financing Options

Nick Zulovich
PARK RIDGE, N.J. — Hertz announced Monday that it has teamed up with Chase Auto Finance to offer its Hertz Rent2Buy customers financing options. Hertz Rent2Buy is the company's online car sales program that gives customers the option of taking a vehicle ... [Read More]

Last Week to Nominate Subprime Movers and Shakers

Nick Zulovich
CARY, N.C. — The deadline to nominate top subprime movers and shakers for special coverage in the July/August edition of SubPrime Auto Finance News is Thursday. Nominations can include auto finance executives and those with non-prime companies, in addition to special ... [Read More]

DealerTrack Upgrades Compliance Solution

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack recently unveiled several enhancements to its compliance solution, rolling them all into a new Compliance Dashboard. Company officials explained the Compliance Dashboard can provide an overview of compliance-related activity across a store's current deals on a ... [Read More]

Wisconsin Significantly Revises Auto-Title Loan Regulations

Nick Zulovich
MADISON, Wis. — Wisconsin lawmakers recently altered a measure that now greatly regulates the use of auto-title loans. The bill that passed through the state legislature and the governor's office stipulates that vehicles can only be used as collateral for a purchase, ... [Read More]

Auto Master Partners with iMETRIK on System Integration

Nick Zulovich
LAS VEGAS — Auto Master Systems and iMETRIK Solutions recently revealed a new integration partnership. Executives explained the partnership is designed to provide Auto Master clients with a single interface to gather GPS asset tracking data. The companies believe the agreement can ... [Read More]

Chrysler Continues Zero-Percent Financing

Nick Zulovich
AUBURN HILLS, Mich. — In an incentive package similar to its May deals, Chrysler is offering zero-percent financing through GMAC Financial Services on most of its 2010 lineup, the automaker announced this week. For Chrysler brand vehicles, the options are zero-percent ... [Read More]

NICB, IGS Partner to Improve Vehicle Portfolio Monitoring

Nick Zulovich
DES PLAINES, Ill. — The National Insurance Crime Bureau and IGS, a Las Vegas-based provider of skip-tracing, asset location and collateral recovery services to lenders, recently formed a partnership to better monitor vehicle portfolios. The agreement is meant to offer auto ... [Read More]

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