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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

GMAC to Finance New, Used Recreational Vehicles via Thor Partnership

Nick Zulovich
DETROIT — GMAC Financial Services announced this week that it will soon provide consumer financing for recreational vehicles and has been tapped by Thor Industries as the preferred financial provider for its retail customers. Thor is one of the world's largest manufacturer's ... [Read More]

Fiserv Expands Capabilities of Auto Origination System

Nick Zulovich
BROOKFIELD, Wis. — Fiserv announced this morning that it has launched enhanced risk management capabilities in its next-generation Automotive Loan Origination System. Basically, the enhanced program is designed to empower auto lenders to provide fast, consistent customer credit decisions. "We have ... [Read More]

CPS Reports 4Q, Full-Year Results and Gains New Credit Facility

Nick Zulovich
IRVINE, Calif. — Along with revealing its operating results for the fourth quarter and all of 2009, Consumer Portfolio Services announced it entered into another new financing facility worth $50 million. Company executives indicated that the facility is structured similarly to ... [Read More]

Constellation Automotive Software Launches New Consulting Division

Nick Zulovich
SARASOTA, Fla. — Constellation Automotive Software, which specializes in the buy-here, pay-here marketplace, recently announced it added a new consulting and training practice division. The company tapped industry veterans Don Miller and Al Mosher to serve in consultant roles. Miller spent the past eight ... [Read More]

ALG: Leasing and Retail Sales Levels Bouncing Back

Nick Zulovich
SANTA BARBARA, Calif. — March sales have been an unexpected surprise for the auto industry, according to Matt Traylen, chief economist and client partner with ALG. In addition to retail sales climbing, leasing levels are expected to come in above last ... [Read More]

NAF Association Highlights Below-Prime Credit Auto Financing Conference Agenda

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association announced the keynote speaker and presenters this week who are slated to take center stage during the 14th annual Below-Prime Credit Auto Financing Conference. Serving in the keynote role for the event that's scheduled for ... [Read More]

AutoTrader.com Spots Decline in Click-Through Ad Effectiveness

Nick Zulovich
ATLANTA — Chip Perry, the president and chief executive officer of AutoTrader.com, shared some dramatic data about the plummeting decline of click-through rates for dealers' online advertising. Perry stressed that manufacturers and dealers alike must transition away from leads and clicks ... [Read More]

AmeriCredit Announces Subprime Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced late last week that it has priced an offering of subprime auto-asset backed securities under its receivables trust platform called AMCAR. The offering is priced at $200 million and the underwriters include Credit Suisse and ... [Read More]

Wells Fargo Buys GMAC Factoring Portfolio

Nick Zulovich
SAN FRANCISCO — In addition to announcing the name change of international locations from Wachovia to the Wells Fargo name and brand, the financial institution also reported that its bank business unit has purchased substantially all the North American factoring portfolio ... [Read More]

Ford ESP Selects Ristken as Partner for New Products

Nick Zulovich
DALLAS — Ford Extended Service Plan recently announced it has selected Ristken Software as its partner to launch new F&I menu selling and reporting systems. The new systems are called ESP Profitlink Menu and ESP Profitlink Reporting. Both products will be ... [Read More]

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