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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

MarkOne Names General Manager

Nick Zulovich
JACKSONVILLE, Fla. — MarkOne Financial's Board of Directors recently named a new general manager. Taking on the position is Joe Giliberto. Bruce Newmark, MarkOne's managing director, said, "Joe's deep and relevant experience, enthusiasm and leadership will make significant contributions to growth ... [Read More]

AmeriCredit Cuts Credit Centers, More, In Response to Hard-Hitting Quarter

Nick Zulovich
FORT WORTH, Texas — Reporting second-quarter results, AmeriCredit announced that it is reducing the number of credit centers and continuing to trim originations in response to increased charge-offs, higher delinquency rates and lower recovery values at auction. Plainly speaking, Dan Berce, ... [Read More]

GMAC’s Bank Holding Status Impacts Its Relationship with GM Dealers

Nick Zulovich
NEW YORK — While overall, GMAC officials appear thrilled to have gained bank holding status, which has opened up the level of credit spectrum the company can fund via the auto division, on the other side of the coin, it also ... [Read More]

Bankruptcies Continue to Mount

Nick Zulovich
Alexandria, Va. — U.S. consumer bankruptcy filings increased again by double-digits in January over the same month in 2008. More specifically, filings jumped by 34.4 percent nationwide in January from the same period a year ago, according to the American Bankruptcy ... [Read More]

Mini Financial Hopes to Keep Young Generations Involved with iPod, iPhone Game

Nick Zulovich
WOODCLIFF LAKE, N.J. — Mini Financial Services recently launched "Mini Liquid Assets," which is the financial arm's take on an old-school favorite. This game is available for download at no charge from the iTunes App store. "'Mini Liquid Assets' is a ... [Read More]

Ford Credit Cuts Staff in Response to Market Challenges

Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced today that it is restructuring U.S. operations, which will result in a reduction of staff and agency positions of about 20 percent. Overall, about 1,200 positions will be eliminated, according to the company. These ... [Read More]

Westlake Financial Joins RouteOne

Nick Zulovich
LOS ANGELES — Westlake Financial Services announced the national rollout of its integration with RouteOne's credit application management system. The national rollout kicked off last week. Ian Anderson, president of Westlake Financial, explained that Westlake's integration with RouteOne is part ... [Read More]

Flexco Teams Up with IFS for Financing, More

Nick Zulovich
COLUMBUS, Ohio — Flexco Fleet Lease Exchange Co. announced it has engaged Innovative Funding Services to provide funding and other services for the employees of their client companies. Flexco said it provides a reliable remarketing outlet for companies who look to ... [Read More]

BHPH AutoMax Acquires Auto Group, Signs Inventory Supply Deal

Nick Zulovich
MARIETTA, Ga. — In early December of 2008, the chief executive officer of AutoMax Group entered into an agreement to acquire the AutoMax trade name and the company, which is now incorporated in Georgia. On Dec. 12, AutoMax agreed to acquire ... [Read More]

Bankruptcies Could Climb By More Than 30% This Year

Nick Zulovich
ALEXANDRIA, Va. — The majority of participants, 65 percent, in a recent American Bankruptcy Institute Quick Poll predicted that bankruptcies in 2009 would increase by at least 35 percent over the nearly 1.1 million cases filed in 2008. Fifty-three percent of ... [Read More]

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