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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

Announcing the Inaugural SubPrime 60

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News is proud to introduce a special March/April edition called "The SubPrime 60: The most influential businesses in the SubPrime Auto Finance Industry." While the feature is designed to cover the entire spectrum of companies ... [Read More]

CNW: Banks are Opening Lending to Consumers with TARP Funds

Nick Zulovich
BANDON, Ore. — Financial Institutions apparently are responding to public and congressional pressure to improve loan approvals, including auto loans, according to the latest analysis from CNW Research. While Congress did not offer much oversight when releasing TARP funds, the group ... [Read More]

Fiserv Expands Indirect Loan Capabilities

Nick Zulovich
BROOKFIELD, Wis. — Fiserv announced this week that its loan servicing platform can now manage indirect and other third-party loans. This expansion is designed to broaden the full-spectrum of loans to be processed and can provide online, real-time back-office transactions for ... [Read More]

Navy Federal Credit Union Commits Billions to Used, New Car Loans

Nick Zulovich
VIENNA, Va. — This week Navy Federal Credit Union announced it has committed significant financial support to get consumers into new or used vehicles. More specifically, the financial institution has set aside $3.5 billion for these loans, which can be used to finance ... [Read More]

BMW Introduces Special Finance Payment Program

Nick Zulovich
WOODCLIFF LAKE, N.J. — In an effort to drive consumer demand, BMW has launched a special finance payment program on select models in its lineup. Basically, BMW will take care of the first two payments (up to $750 per month/$1,500 maximum) on ... [Read More]

GDN Extends Loan Transaction Services to New Market

Nick Zulovich
ALAMO, Calif. — Global Debt Network has expanded its auto loan transaction solution to include services for financial institutions and dealerships that originate recreational vehicle loans. The company is currently accepting motor home and towable recreational vehicles to be placed for sale and ... [Read More]

GuidePoint Systems, Automotive Credit Corp. to Launch Collection Solution

Nick Zulovich
PONTIAC, Mich. — GuidePoint Systems, a telematics supplier, announced recently that it has been chosen by Automotive Credit Corp. to provide a customized collection solution for the company. GuidePoint plans to work with ACC to develop an enhanced collection strategy program ... [Read More]

Credit Acceptance Corp. Examines 4Q Progress, Challenges

Nick Zulovich
SOUTHFIELD, Mich. — Despite the negative impact from a reduction in forecasted collection rates, Credit Acceptance Corp. posted improvements in both fourth-quarter and annual income. More specifically, consolidated net income for the fourth quarter was $18.6 million, compared with $12.5 million in ... [Read More]

DBRS Predicts Prime Auto ABS Will Take Center Stage This Year

Nick Zulovich
NEW YORK — Overall, DBRS indicated that auto asset-backed securities will likely hold up well throughout the year; however, the company does caution that it is closely watching the condition of the Detroit 3. "The auto ABS market will be the ... [Read More]

Top Auto Finance Execs to be Panelists for AFSA Webinar

Nick Zulovich
CENTENNIAL, Colo. — Top executives from Peak5, AmeriCredit, FirstCity and ConnectionInsights will be featured in an upcoming Webinar hosted by the American Financial Services Association called "Is Now the Time to Consider Outsourcing?" AFSA shared a bit of history about the ... [Read More]

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