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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
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

Former Drive Financial Execs Leverage Experience to Re-Enter Marketplace with New Subprime Lender

Nick Zulovich
DALLAS — In an exclusive interview with SubPrime Auto Finance News, Inspire Auto Finance, a subprime auto finance lender, announced its entry into the market. The management team spent 18 months developing a custom technology solution and reworking its subprime lending ... [Read More]

Exeter’s Expansion Plan Gains Momentum

Nick Zulovich
IRVING, Texas — Exeter Finance Corp., subprime auto contract purchaser, reported that it continues to make progress on its expansion plan. On Monday, the company announced the opening of its sixth branch office, with the latest located in Manchester, N.H. According ... [Read More]

DealerTrack Achieves New High in Finance Source Partners

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Monday that it has hit a new milestone in the number of finance sources connected to its platform — 700. "We are very pleased to reach this milestone of 700 connected financing sources, significantly more ... [Read More]

AppOne Adds New Finance Source to Platform

Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]

Conference Board: Economy Shows No Sign of Strength

Nick Zulovich
NEW YORK — The Conference Board's Labor Economist indicated Monday that the economy is displaying no sign of strength, predicting that it's quite possible the economy could become even weaker in the second half of the year. More specifically, Ken Goldstein, ... [Read More]

Credit Unions Can Prove Strong Auto Lending Partners in Tough Economic Times

Nick Zulovich
LAS VEGAS — According to Tony Boutelle, president and chief executive officer of CUDL, credit unions are a great avenue to turn to for indirect auto loans, especially with some national and non-prime lenders retrenching. "Credit unions are in a great ... [Read More]

CPS Withstands Difficult Environment

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced earlier this week that it faired the tough marketplace relatively well in the second quarter. Its second quarter revenues are up, compared to the second quarter of 2007. More specifically, officials said revenues were ... [Read More]

Honda Financial Services Selects DataScan

Nick Zulovich
NORTH YORK, Ontario — DataScan Field Services recently announced it has contracted with Honda Financial Services to provide floor plan inventory verification for vehicles and power equipment throughout Canada. This is DataScan's first national OEM audit client in Canada, officials pointed out.  ... [Read More]

GMAC Gains 10-Year Extension from FDIC

Nick Zulovich
NEW YORK — GMAC Financial Services announced Wednesday that the Federal Deposit Insurance Corp. has granted a 10-year extension of GMAC Bank's current ownership by extending the existing disposition requirement that was established in connection with the sale of a majority ... [Read More]

Consumer Portfolio Services Receives Additional Secured Financing, Finalizes Amendments to Residual Credit Facility

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced Monday that it has received an additional $15 million in senior secured financing from an affiliate of Levine Leichtman Capital Partners as a follow-up to last week's $10 million financing. The company borrowed a ... [Read More]

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