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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

PayTeck: Dealers Need to Monitor Starter Interrupt Access Closely

Nick Zulovich
AUSTIN, Texas — Pay Technologies, the creator of WebTeck and other vehicle starter interrupt systems, recently offered some advice to dealers who use this technology. The recommendations come on the heels of a nationwide story about a former store employee who ... [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]

Honda Quietly Kicks Off Aggressive Lease Program

Nick Zulovich
IRVINE, Calif. — Perhaps in response to Toyota's surge of incentives, Honda has quietly entered the market with a very aggressive leasing program, in addition to some special financing deals. For instance, the automaker is now offering special deals on the ... [Read More]

Westlake Launches Business Unit to Acquire Portfolios

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced late last week that it has created a new division to specialize in portfolio acquisition services. The company is willing to buy from dealerships, brokers and finance companies looking to sell all or part ... [Read More]

Santander Can Now Instantly Verify Consumer Info to Speed up Loan Process

Nick Zulovich
VIENNA, Va., and DALLAS — Through a new deal, Santander Consumer USA can now instantly verify name, address and phone numbers of consumers sharing information via their local dealer or at RoadLoans.com. To complete this verification, Santander Consumer USA teamed up ... [Read More]

Wolters Kluwer Introduces CompliSource for BHPH Financing

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that it has added a new resource for buy-here, pay-here dealers to its CompliSource solution. CompliSource for Buy-Here, Pay-Here Financing can offer comprehensive compilations of information available about current state laws and ... [Read More]

Shilson Offers Sneak Peek at BHPH Industry Benchmarks

Nick Zulovich
HOUSTON — Ken Shilson, founder of the National Alliance of Buy-Here, Pay-Here Dealers, recently completed the latest industry benchmarks and shared some of the results with SubPrime Auto Finance News. According to Shilson, 2009 was a very challenging year. "A credit ... [Read More]

BarNone Unveils New Campaign to Drive Strong Leads to Dealers

Nick Zulovich
OAKLAND, Calif. — BarNone, a provider of special finance leads, recently launched a new per-lead national television advertising campaign; however, the company pointed out that it is compensated only for each applicant it drives to a dealer. BarNone explained how its campaign will ... [Read More]

VINtek Broadens Accessibility of Online Tax, Tag, Title Calculator

Nick Zulovich
PHILADELPHIA — VINtek recently expanded the availability of its interactive, real-time tax, tag and title fee calculator. Previously only accessible by lenders, dealers and consumers now can use the tool through the launch of www.taxandtags.com. Previously, the company noted that this ... [Read More]

NADA, AFSA Stand Up in Support of Dealers, Lenders

Nick Zulovich
WASHINGTON, D.C. — The National Automobile Dealers Association, along with other commercial lending executives representing four major banks, met with the Small Business Administration recently to discuss ways to make the SBA's dealer floor plan pilot program more effective. The association ... [Read More]

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