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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

Wachovia Announces Goal to Reduce Long-Term Auto Loans, More

Nick Zulovich
CHARLOTTE, N.C. — Wachovia recently announced that its vehicle finance division is working to reduce the percentage of seven-year auto loans it is offering to consumers, setting a goal of 2 percent compared with a high of 6.5 percent. Moreover, the company reported ... [Read More]

To Help Dealers Improve Closing Ratios, Wolters Kluwer Launches RefundOne

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced the launch of RefundOne this week. Specifically designed for the auto dealership market, it is a patent-pending, integrated credit application and tax preparation service. RefundOne combines Wolters Kluwer Financial Services' AppOne dealership portal and ... [Read More]

The Encyclopedia of F&I Management Now Available Via E-Book

Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute recently announced that its first edition of the Encyclopedia of Finance and Insurance Management is now available through e-book at a limited-time cost of $49.95. This document comes in a PDF and covers almost ... [Read More]

MenuVantage Reaches New Milestone, Details Company Growth

Nick Zulovich
ORLANDO, Fla. — MenuVantage recently announced that since it was introduced in the third quarter of 2004, the company has quickly expanded and just recently achieved a major milestone of $1.5 billion in F&I product sales for its auto dealer clients. ... [Read More]

National Lenders Remain Squeezed in 2Q

Nick Zulovich
SAN FRANCISCO — Wells Fargo, Capital One and Chase all recently reported mixed second-quarter results, showing that the lenders remain under pressure in a challenging economic environment. Kicking it off, Wells Fargo Financial, which includes real estate and auto financing, in addition ... [Read More]

Westlake Names New President, Change to Credit Facility

Nick Zulovich
LOS ANGELES — Westlake Financial's Board of Directors announced recently announced a new president. Taking on the position is Ian Anderson, who had been serving as senior vice president of production, business strategy and analytics since joining the company in 2005. ... [Read More]

First Advantage CREDCO Launches Red Flag IQ

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO recently announced the availability of Red Flag IQ, which is a monthly report that summarizes potential fraud activity and related trends over a period of time. Offered free to U.S. automotive dealers who sign up ... [Read More]

ChargeSmart Reports Growing Traffic for Online Auto Payment Services

Nick Zulovich
SAN FRANCISCO — ChargeSmart LLC, a provider of online payment solutions to the financial and mortgage industries, recently reported that payments for automotive loans and leases are the most prominent transaction since the company launched its online service this past July. ... [Read More]

Universal Special Auto Finance Ramps Up Expansion

Nick Zulovich
GREENWOOD VILLAGE, Colo. — As many national lenders cut back on their auto lending spectrum, or pull out of the market altogether, Universal Special Auto Finance reported that it is continuing to expand its business model to provide services across the ... [Read More]

The Mint Leasing Begins OTC Trading to Help Raise Capital for Continued Growth

Nick Zulovich
HOUSTON — In a time when many leasing companies are reducing business due to residual losses, The Mint Leasing Inc., which primarily offers leasing services to customers in Texas, Alabama, Arkansas, Mississippi, Georgia, Tennessee and Florida, is growing. It recently announced that the company has ... [Read More]

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