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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

Last Call for All Non-Prime Lenders to Participate in Special Publication

Nick Zulovich
CARY, N.C., and PHOENIX — Tomorrow is the deadline for all non-prime lenders looking to participate in the special August SubPrime Auto Finance News edition that will be mailed out to thousands of dealers throughout the country. To be sure to ... [Read More]

ABA: Direct Auto Loan Delinquencies Up

Nick Zulovich
WASHINGTON — In an interesting turn, the American Bankers Association announced that indirect auto loan delinquencies are down for the first quarter; however, direct auto loan delinquencies are up slightly. More specifically, the association's latest Consumer Credit Delinquency Bulletin found that ... [Read More]

Dealers’ Financial Services Names New President, CEO, More

Nick Zulovich
LEXINGTON, Ky. — Dealers' Financial Services recently announced that it named a new president and chief executive officer, along with other initiatives. The company's new president and CEO is Robert Nelson. Prior to joining DFS, Nelson served as chief operating officer ... [Read More]

Car Financial Names New COO, CFO and National Sales Director

Nick Zulovich
ATLANTA — Rick Potter, president of CAR Financial Services, a full-service financial institution dedicated to the buy-here, pay-here industry, announced several management changes this week. Taking on the position of chief operating officer and chief financial officer is Mark Lewis. Lewis ... [Read More]

Six-Month Bankruptcy Filings Up 30 Percent, Private Sector Employment Declines

Nick Zulovich
ALEXANDRIA, Va., and ROSELAND, N.J. — U.S. consumer bankruptcy filings jumped 30 percent nationwide during the first six months of 2008 from the same period a year ago, according to the American Bankruptcy Institute, which relies on data from the National ... [Read More]

Calling All Non-Prime Lenders for a Special Opportunity to Directly Reach Dealers

Nick Zulovich
CARY, N.C., and PHOENIX — The tough capital markets and economy have led many lenders to tighten underwriting requirements and pull back from the lower credit tiers. This has left many dealers throughout the country struggling to find indirect auto lenders ... [Read More]

GMAC Streamlines Global Marketing, GM Teams Up with DealerTrack for DMS

Nick Zulovich
NEW YORK — GMAC Financial Services announced earlier this week that it has selected a marketing team led by BBH New York as its new global marketing agency of record. This move is designed to better streamline the institution's marketing efforts ... [Read More]

Consumer Portfolio Services Secures $10 Million in Financing

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services, which specializes in purchasing and servicing new- and used-retail auto contracts, announced this morning that it has closed a new $10 million senior secured financing with an affiliate of Levine Leichtman Capital Partners. The company indicated ... [Read More]

Wolters Kluwer Financial Services Partners with CNCDA to Offer Installment Contracts

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that it has partnered with the California New Car Dealers Association to develop and market Wolters Kluwer Financial Services' automotive retail installment sale contracts. The company noted that it markets its retail contracts ... [Read More]

First Advantage CREDCO Launches New Tools for Dealers

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO recently announced the introduction of ACT Portfolio Management solutions to help dealers better manage their portfolio, as well as improve their collection and recovery process by monitoring customer financial and credit behaviors. Basically, the solutions ... [Read More]

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