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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

CMSI, Black Book Partner to Provide Valuations for Portfolios

Nick Zulovich
COLUMBIA, Md. — Credit Management Solutions and Black Book revealed an agreement to provide CMSI eXchange with what executives described as an affordable, monthly valuation and analytics service for auto portfolios. Officials went on to highlight that the timely and accurate ... [Read More]

Zoombak to Improve Tracking via Cell Tower Data

Nick Zulovich
NEW YORK — This morning, Zoombak announced the coming launch of Locate Assist, which by utilizing cell tower data gives dealers another way of tracking units under the company's GPS Recovery Finance Track Buy-Here, Pay-Here product. Basically, if a Zoombak device ... [Read More]

How Did BHPH Dealers Fare in 2009?

Nick Zulovich
HOUSTON — As I reviewed the year-end results of buy-here, pay-here operators throughout the nation, I noticed that 2009 produced some diverse results. Although my analysis (preparatory to compiling the industry benchmarks) is still in progress, here are some preliminary observations: ... [Read More]

Nicholas Financial Highlights 3Q Growth, Expansion Plans

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial posted significant increases in year-over-year growth for both net earnings and revenue during the third quarter and shared plans to expand its footprint in both the Southeast and Midwest. For the fiscal quarterly results, company executives ... [Read More]

Credit Acceptance Begins Its Return to Originations Growth

Nick Zulovich
SOUTHFIELD, Mich. — After reducing loan volume throughout most of 2009, Credit Acceptance has begun to grow its originations. For the fourth quarter, the company posted 7.6 percent growth in unit origination volume and grew originations by 2.1 percent in terms ... [Read More]

DBRS Publishes Final Methodology for Lease Securitizations

Nick Zulovich
NEW YORK — DBRS has released its final rating methodology for U.S. auto lease asset-backed transactions. The company indicated its final methodology does not have any substantive changes from the proposed lease methodology, which was published on Dec. 14 with a ... [Read More]

Dealer, Auction Companies’ Class Action Lawsuit Filed Against Toyota in Missouri

Nick Zulovich
JEFFERSON CITY, Mo. — A class action lawsuit was recently filed in Missouri federal court claiming that dealers and auction companies are "bearing the financial brunt" of Toyota's recent recalls and stop sales order and deserve to be compensated for the ... [Read More]

GMAC Joins DealerTrack Network

Nick Zulovich
DETROIT and LAKE SUCCESS, N.Y. — GMAC Financial Services is being added to DealerTrack's credit application network, the two companies announced late Wednesday afternoon. The lender said teaming up with DealerTrack will help expand its customer base, as GMAC will have ... [Read More]

Fed: Average APR on Auto Loans Softens in December

Nick Zulovich
WASHINGTON, D.C. — The latest data available from the Federal Reserve showed the average interest rates for new-car loans at auto finance companies declined in December after moving upward the month before. More specifically, the Fed calculated the average interest rate ... [Read More]

MVTRAC Reveals New Brand Approach

Nick Zulovich
PALATINE, Ill. — Executives recently revealed a new branding strategy that aligns City Auto Recovery Services, International Intelligence Agency and MVTrac. The new organization now will be known as MVTRAC and plans to continue providing vehicle intelligence networks for law enforcement, auto ... [Read More]

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