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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

Tight Credit Cuts Into Mint Leasing’s Revenue Total

Nick Zulovich
HOUSTON — The Mint Leasing attributed the difficulty in securing adequate credit streams as reasons for its latest revenue figures remaining off as compared to last year. Company executives detailed the situation recently in its quarterly financial report. For the three-month ... [Read More]

Fitch Provides Ratings Outlook for $4.7 Billion in Subprime Auto ABS

Nick Zulovich
NEW YORK — Fitch Ratings recently provided outlooks for 33 classes of subprime auto loan asset-backed securities, and just over half, or 61 percent, gained stable outlooks. Meanwhile, the other 39 percent received a negative outlook. Overall, 33 classes from 17 ... [Read More]

Comerica: CARS Impacted 3Q Affordability Index

Nick Zulovich
DALLAS — Comerica Bank released its latest Auto Affordability Index this week and determined that the purchase and financing of an average-priced new vehicle dropped 0.6 of a week to roughly 21.9 weeks of median family income in the third quarter ... [Read More]

Hudson Cook Partner Named to American Law Institute

Nick Zulovich
HANOVER, Md. — Hudson Cook announced a partner in the firm's Ann Arbor, Mich., office, whose practice centers around the auto world, has been named to The American Law Institute. Gaining the distinction is Thomas Buiteweg, whose practice focuses on helping ... [Read More]

Zoombak Launches Mobile iPhone Application

Nick Zulovich
NEW YORK — Zoombak announced its personal GPS tracking devices can now be accessed via a new application available on the Apple iPhone.  The company's Advanced GPS technology iPhone customers, including those who use the service for GPS repossession and recovery services, ... [Read More]

Experian Offers Used-Vehicle Market Snapshot

Nick Zulovich
LAS VEGAS — A senior vice president with Experian Automotive recently provided a snapshot into the used-vehicle market, in addition to sharing some year-over-year credit statistics at the National Remarketing and inaugural Pre-Owned Automobile Dealers Alliance meetings last week. On hand ... [Read More]

CPS Increases Managed Portfolio Assets

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced today it has entered into agreements to assume servicing responsibilities on auto receivables owned by a subsidiary of Atlanta-based consumer credit provider CompuCredit Corp. As part of the transaction, CPS teamed up with alternative ... [Read More]

Daimler Financial has Optimistic 4Q Outlook Despite Sales Drop

Nick Zulovich
BERLIN — Even though Daimler Financial Services recorded a 7-percent drop in vehicle sales to 58.7 million euros through the third quarter of 2009, the company announced today it expects to post positive results in the final quarter of the year ... [Read More]

Sonic Purchases RouteOne Compliance Subscriptions for Its Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that subscriptions to its IDOne and SecureDocOne tools will be provided by Sonic Automotive to all its dealerships nationwide. The investment is designed to assist Sonic's dealers in meeting FTC compliance requirements through ... [Read More]

GMAC: More than 90% of Chrysler Dealers Who Applied Expected to Get Floor Planning Agreements

Nick Zulovich
DETROIT — GMAC announced Monday that it has ramped up its position as the preferred financing source for the Chrysler Group, its dealers and customers. Ultimately, more than 90 percent of Chrysler dealerships who applied for wholesaling lines are expected to be ... [Read More]

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