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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Huntington’s Finance & Dealer Group Doubles Market Share

Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares Finance & Dealer Services Group was the announced today that it is the No. 1 lender in Ohio for the fourth quarter of 2009. Huntington's share of loans for financing the sales of new and used ... [Read More]

OPENLANE, ARA Reach Deal to Move Repo Units Online

Nick Zulovich
REDWOOD CITY, Calif. — In an effort to help lenders save costs, OPENLANE and the American Recovery Association recently created a program to sell repossessed vehicles online. The centerpiece of the remarketing program is providing recovery agents the chance to auction vehicles online for ... [Read More]

RouteOne Completes Integration with Regional Acceptance

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently completed an integration to process credit applications electronically for a North Carolina-based lender. Dealers who conduct lender services through Regional Acceptance Corp. can now use RouteOne's platform for a reduced fee. Regional Acceptance is a wholly ... [Read More]

Credit Acceptance Announces Pricing of Senior Secured Notes

Nick Zulovich
SOUTHFIELD, Mich. — While Credit Acceptance announced last week that it intended to offer $225 million of first priority senior secured notes due in 2017, the company came back out this week saying that it has priced $250 million of these ... [Read More]

First Investors Financial Services Now Adding Dealers, Expanding Originations

Nick Zulovich
HOUSTON — After being cautious amidst the turmoil of the economy, First Investors Financial Services' chairman and chief executive officer told SubPrime Auto Finance News on Monday that his company is growing again, including expanding both originations and dealer base. While ... [Read More]

Compli Names New President, CEO

Nick Zulovich
PORTLAND, Ore. — Compli, a provider of work force and compliance management software, recently elevated one of its top executives into the role of president and chief executive officer. Now serving in the position is Lon Leneve, who previously was president ... [Read More]

CNW: CARS Buyers’ Remorse Drives up Late Payments, More

Nick Zulovich
BANDON, Ore. — Apparently, CNW Research discovered in October that there was already a "fair amount" of buyers' remorse related to Cash for Clunkers purchases. Since that period, the remorse level has continued to climb. More specifically, back in October, more ... [Read More]

Chase Appoints New Manager for a Calif. Custom Finance Center

Nick Zulovich
SACRAMENTO, Calif. — Chase recently named the manager of its Custom Auto Finance Center located northeast of the California state capital. Taking on this position is Phil Gouran, who will oversee the work facilitated at 2220 Douglas Blvd. in Roseville. Chase ... [Read More]

Santander Taps VINtek for Expanded Services

Nick Zulovich
PHILADELPHIA — VINtek announced this week that it has struck a deal with Santander Consumer USA to manage vehicle titles for the company's recently expanded portfolio. Officials explained that a one of the reasons for this deal is Santander's recent acquisition ... [Read More]

Nicholas Financial Expands Credit Line, Opens New Office

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that the company has reached a new agreement with its consortium of lenders to increase the size of its credit line from $115 million to $140 million. The new contract extends the maturity date ... [Read More]

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