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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

GDNAuto Teams Up with CreditSmarts

Nick Zulovich
ALAMO, Calif., and LOS ANGELES — Dealerships can now improve their profitability by originating more loans and turning their seasoned loans into operating capital and inventory, thanks to a partnership announced Wednesday between Global Debt Network and CreditSmarts. "This partnership extends ... [Read More]

Compli, EORM Partner to Address Safety, Environmental Exposures at Dealerships

Nick Zulovich
PORTLAND, Ore. — Compli and Environmental and Occupational Risk Management of San Jose, Calif., announced they have formed an alliance to provide top-tier environmental, health and safety information and content to dealers through Compli's Dealership Compliance Management System. "We have found ... [Read More]

Fitch to Host Webcast on Auto ABS Performance Friday

Nick Zulovich
NEW YORK — Apparently, U.S. auto manufacturer health and the performance of auto asset-backed securities continue to cause investor concerns that extend beyond the Big 3 automakers and their captive finance subsidiaries, Fitch Ratings recently reported. Under concern is "virtually all ... [Read More]

Fed: Interest Rates at Auto Lenders Plunge, Amount Financed Bounces Back

Nick Zulovich
WASHINGTON, D.C. — The average interest rate on new-car loans at auto finance companies plummeted from 5.49 percent in June to 3.31 percent in July, according to the latest consumer credit data from the Federal Reserve. The average interest rate is ... [Read More]

RouteOne Adds Several New Lenders to Platform

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of two new lenders to its platform. It has completed integration with Liberal Finance Service, a New Jersey-based subprime auto lender, via the Loan Origination System provided by XpressCredit. Liberal Finance specializes ... [Read More]

Credit Union Network Joins Finance Express

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently reported that OAG Indirect has entered an agreement to join its Web-based Dealer Management System. OAG Indirect offers retail financing through a network of Credit Unions in 48 of the United States. In ... [Read More]

Non-Prime Survey: Longer-Term Loans Continue to Grow

Nick Zulovich
HANOVER, Md. — For the first time, the National Auto Finance Association's Non-Prime Auto Financing Survey featured metrics by FICO score, loan-to-value and term. Along with the usual annual statistics such as delinquencies and charge-offs, the report also analyzed new information ... [Read More]

Chrysler Offers Discount to Consumers Leasing Via Independent Institutions

Nick Zulovich
AUBURN HILLS, Mich. — In Chrysler's August sales report, the company said that while sales are down 34 percent from last year, they are up 12 percent over July thanks to enhanced financing offers, efforts to shift lease-oriented customers to purchasing and ... [Read More]

BMW to Continue Support of Leasing

Nick Zulovich
WOODCLIFF LAKE, N.J. — The president of BMW of North America said Wednesday that the company strongly believes in continuing to offer leasing for its customers; however, he indicated that the company did shift APRs on purchases to drive a better ... [Read More]

August Marks New Monthly Record in Bankruptcy Filings Since Law Change

Nick Zulovich
ALEXANDRIA, Va. — Looking specifically at August, the American Bankruptcy Institute reported that U.S. consumer bankruptcy filings increased 29.2 percent from the same period a year ago. The overall August consumer filing total of 96,413 also set a single month high ... [Read More]

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