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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

Finance Express, Detroit Trading Co. Form Alliance

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express and Detroit Trading Co., recently announced that they have entered into an alliance. As part of the alliance, the companies said they will work together to create an exclusive private-label finance lead acquisition ... [Read More]

RouteOne Enhances Adverse Action Program for Dealers

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of more enhancements to the adverse action compliance functionality within its Web-based credit application management system. The new functionality, which is provided free of charge, can allow dealers to search for applications ... [Read More]

RouteOne Teams Up with InsureExpress to Help Dealers Finalize Vehicle Sales

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced Wednesday that it has completed integration with InsureExpress, a leader in point-of-sale auto insurance. InsureExpress, based in Encino, Calif., said it has been providing guaranteed auto insurance coverage via dealers for more than 20 years. ... [Read More]

Hudson Cook Names New Partners

Nick Zulovich
HANOVER, Md. — Hudson Cook LLP announced the addition of four new partners. A few are known for their work with the auto industry. The new partners include Emily Marlow Beck, Catherine Brennan and Lisa DeLessio in the Hanover, Md., office. ... [Read More]

DealerTrack Hits 475 Financing Sources, Corrects Slight Disruption in Service

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this week that its number of active financing sources has climbed to 475. Moreover, officials said that industry concerns over a slight interruption in their platform on Saturday and Monday have been resolved. Officials told SubPrime ... [Read More]

National Full-Spectrum Auto Lenders Find Market Challenging

Nick Zulovich
McLEAN, Va. — The slower economy, which has strained consumer finances and the credit environment has impacted three of the national full-spectrum auto lenders. In fact, all reported that their auto finance business struggled. Giving an overview of Capital One's business, ... [Read More]

PIN: Federal Rate Cut May Ignite More Captive Incentives

Nick Zulovich
WESTLAKE VILLAGE, Calif. — The recent decrease in the Federal Bank Reserve rate may ultimately lead to more market demand as annual percentage rates for captives and non-captives drop to reflect the change, according to Power Information Network, an affiliate of ... [Read More]

More Small Dealerships Seek Higher Credit Lines

Nick Zulovich
NORTHFIELD, Ill. — A recent poll by the Small Business Research Board indicates that more dealers are seeking to increase their lines of credit this year, with almost one-third saying they expect to ask their principal lenders to raise loan limits. ... [Read More]

Finance Express Adds Two New Subprime Lenders to Platform

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced the addition of two more subprime lenders to its platform. Barnett Finance currently serves North Carolina and Virginia and said it has plans to expand to other states in the near future. ... [Read More]

Credit Acceptance Reports Modification to Line of Credit

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has increased the amount of its line of credit facility with a commercial bank syndicate from $75 million to $133.5 million. In addition, officials said the maturity of the line of ... [Read More]

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