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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

VantageILM Names National Sales Director

Nick Zulovich
PASADENA, Calif. — VantageILM announced late last week it has hired a new national director of sales. Filling the position is Jim Kubera, who comes to the company from Hyperion Software. Kubera's responsibilities are slated to include management of sales- and ... [Read More]

L2C Launches New Prime, Subprime Risk-Assessment Feature

Nick Zulovich
ATLANTA — L2C recently launched a new feature that can help auto lenders, according to the company. The function, Link2Credit Score, is designed to provide lenders better appraisal tools in determining risks of potential borrowers. The program, which has been available since ... [Read More]

DealerTrack Posts Another Jump in Transactions

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings revealed its third-quarter financial results late last week and found that transactions processed are on the upswing, officials reported. The number of transactions processed increased to 23.8 million last quarter, hiking 26 percent from this ... [Read More]

An In-Depth Look into Final Red Flag Regulations

Nick Zulovich
WASHINGTON, D.C. — As many in the industry are aware, the final red flag rules go into effect on Nov. 1 of next year. Are dealers and financial institutions prepared? SubPrime Auto Finance News interviewed several experts this week to get an ... [Read More]

Experian Provides Used Market Overview by Risk Scores

Nick Zulovich
SCHAUMBURG, Ill. — According to the latest data from Experian Automotive, the top 10 lenders represented 30.31 percent of all financed used vehicles in July. Melinda Zabritski, director of Automotive Credit for Experian Automotive, explained that while the top lenders ... [Read More]

Credit Acceptance Sees Decrease in Net Income Due to Change in Business

Nick Zulovich
SOUTHFIELD, Mich. — Reporting its third-quarter results, Credit Acceptance indicated that its loan portfolio grew; however, increases in operating expenses and finance charges that expanded slower than loan receivables led the company to report lower income than the prior year. ... [Read More]

Westlake Financial Reaches Milestone

Nick Zulovich
LOS ANGELES — Continuing its path to growth, Westlake Financial Services recently announced it has hit a new milestone this month by hiring its 100th dealer account manager. "Reaching this milestone is a great success. We are working toward our ... [Read More]

Wells Fargo Auto Finance Names Stagecoach Winners

Nick Zulovich
CHESTER, Pa. — Wells Fargo Auto Finance recently named the recipients of its third-quarter Stagecoach Award. The Stagecoach Award is a quarterly honor that recognizes the achievements of Wells Fargo Auto Finance's best dealers, officials indicated. Winners were selected from ... [Read More]

Aimbridge Makes First Move for Web-Based Lending Process

Nick Zulovich
ENGLEWOOD, Colo. — Lending Solutions recently launched Loan Generation Services, which is a process to capture members' loan pre-approvals via branch, phone or Web to make them accessible to members and auto dealers via the Internet. According to officials, this solution is ... [Read More]

GMAC: Used Originations Up, But Real Estate Unit Hurt Business

Nick Zulovich
NEW YORK — While GMAC reported strong results in its auto finance and insurance businesses, the company took a hit in its mortgage and credit market on its real estate side, which led the company to report a loss for the ... [Read More]

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