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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

DealerTrack Reaches 730 Finance Sources, More

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack recently announced that it has now reached 730 finance sources on its platform. The company also reported that it has upgraded its compliance solution, added DealerSocket to its OpenTrack program and teamed up with TK Carsites. ... [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]

Suzuki Partners with GE Money to Help Dealers Finance Powersports Customers

Nick Zulovich
KETTERING, Ohio — GE Money, a division of GE Capital, and American Suzuki Motor Corp. announced a multi-year agreement to provide consumer financing for its motorcycles, all terrain vehicles and scooters. The Suzuki Installment Finance program, managed by GE Money's Sales ... [Read More]

JM&A Group Offers Profit Guarantee Per Finance Deal

Nick Zulovich
DEERFIELD BEACH, Fla. — JM&A Group announced it is now guaranteeing a specific profit per finance deal for new dealer customers. Those dealers now have the assurance of adding $200 to their bottom line for each deal, what company officials tout as the industry's ... [Read More]

Invest in America Credit Union Partnership Expands Even Further

Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL officials announced this week that they're partnering with the creator of the "Invest in America" program, which is aimed at helping financing credit union members looking to buy vehicles from General Motors and Chrysler. The partnership links CUDL and ... [Read More]

ADP, Reynolds Join to Create New Company

Nick Zulovich
DETROIT — ADP and Reynolds and Reynolds this week unveiled what they hope will be another successful collaboration with the goal of enhancing the loan origination process via a new company, Open Dealer Exchange. Officials described Open Dealer Exchange as a ... [Read More]

Leedom Group Acquires Four BHPH Stores

Nick Zulovich
SARASOTA, Fla. — Leedom Management Group announced it has acquired four buy-here, pay-here dealerships in southern Georgia and has renamed them AutoMaxx of Georgia.   Chris Leedom, chief executive officer of the Leedom Group, said the acquisition will bring to five ... [Read More]

First Advantage CREDCO, Compli Launch New Compliance Tool

Nick Zulovich
PORTLAND, Ore. — First Advantage CREDCO recently announced that it has partnered with Compli to offer a complete compliance tool set for dealers and their mutual customers. First Advantage CREDCO will combine its consumer data with Compli's on-demand compliance management software solutions. Participating ... [Read More]

XpressCredit Unveils Web-Based Lending Program for U.S. Choice Dealers

Nick Zulovich
SYRACUSE, N.Y. — XpressCredit has struck a deal with U.S. Choice Auto Rental Systems to provide the company's dealers with an online lending platform. Basically, XpressCredit dealers can now utilize the U.S. Choice program as a way to deploy current inventory to ... [Read More]

Assurant Specialty Property Expands Operations

Nick Zulovich
ATLANTA — Assurant Specialty Property, a provider of creditor-placed homeowners insurance, auto collateral protection insurance and related services, announced plans to establish a second service center in Duluth, Ga. The new facility will be used to accommodate the company's growing auto ... [Read More]

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