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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

DCX Financial to Relocate Mercedes-Benz, Truck Financial Units

Nick Zulovich
FARMINGTON HILLS, Mich. — Once the Chrysler Financial sale is complete in the third quarter, DaimlerChrysler Financial Services Americas said the corporate staff supporting its Mercedes-Benz Financial and Truck Financial business units will move to a new location in Farmington ... [Read More]

CIQ/Voisys Teams Up with SendTec To Expand Lead Volume, Quality

Nick Zulovich
CLEARWATER, Fla. — CIQ Inc. /Voisys announced that it has partnered with SendTec, a search-centric, multi-channel marketing agency, to increase lead volume and quality. By using SendTec's search-centric marketing services, CIQ/Voisys said it will be able to further develop and ... [Read More]

VantageILM Names Board of Directors, More

Nick Zulovich
PASADENA, Calif. — VantageILM Inc. announced the five individuals who will serve on its newly formed board of directors. "VantageILM is on a fast-growth trajectory," said Robert Yuan, founder and president of the company. "We're pleased to have this talented ... [Read More]

Capital One Auto Finance President Discusses New One Program

Nick Zulovich
McLEAN, Va. — By integrating all subsidiaries into One Program, Ryan Schneider, president of Capital One Auto Finance, said his company now auto approves 98 percent of all auto loans, with an average decision time of less than 45 seconds. ... [Read More]

Drive Financial Settles Class Action Lawsuit

Nick Zulovich
HOUSTON — Drive Financial recently settled a class action lawsuit, which involved more than 1,150 Texas residents who claimed Drive violated numerous federal and state consumer protection laws while attempting to collect debts. Attorney Richard Tomlinson said he filed suit ... [Read More]

1Q Bankruptcy Filings Soar

Nick Zulovich
WASHINGTON, D.C. — Bankruptcy filings for the first quarter came in as the highest on record at 193,641, according to the Administrative Office of the U.S. Courts. "This was a 66-percent increase when compared to the 116,771 filings in the ... [Read More]

Fiserv Auto Solutions Integrates with RouteOne

Nick Zulovich
KING OF PRUSSIA, Pa. — Fiserv Auto Solutions announced it has integrated its Loan Origination System with RouteOne. "There are two factors that impact a lender's success in indirect automotive finance: dealer relationships and the ability to quickly respond to ... [Read More]

ABA: 1Q Indirect Auto Loan Delinquencies Up Slightly

Nick Zulovich
WASHINGTON, D.C. — According to the American Bankers Association's Consumer Credit Bulletin, indirect auto loan delinquencies came in a bit higher in the first quarter at 2.73 percent, compared to 2.57 percent in the fourth quarter of last year. Indirect ... [Read More]

Wells Fargo & Co. Names New CEO

Nick Zulovich
SAN FRANCISCO — Wells Fargo & Co.'s board of directors named John Stumpf, former chief operating officer, as the new chief executive officer last week. Officials said Stumpf will retain his title of president, which he had while recently serving ... [Read More]

Car-Mart and CarMax Report Financial Results

Nick Zulovich
BENTONVILLE, Ark., and RICHMOND, Va. — Buy-here, pay-here auto group, America's Car-Mart, reported that it slowed sales to improve credit quality, which resulted in a decline in revenue and net income for its fourth quarter. Meanwhile, CarMax continued its expansion, ... [Read More]

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