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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

RouteOne Adds WFS Financial to Platform, Announces Other News

Nick Zulovich
FARMINGTON HILLS, Mich. — In addition to other announcements, RouteOne said it added WFS Financial, now Wachovia Dealer Services, to its lender platform. WFS Financial has about 12,500 dealer relationships nationally, according to officials. Moreover, WFS Financial is ranked as the ... [Read More]

Webb: Despite Subprime Mortgage Downturn, Subprime Auto Finance Market Looks Strong

Nick Zulovich
ATLANTA — In a recent conference call, Tom Webb, Manheim's chief economist, discussed the bottom dropping out of the subprime mortgage market, saying there will be no similar trend occurring in the subprime auto lending market. "Let's face it, a lot ... [Read More]

Experian Automotive Launches AutoCount Risk Report to Help Lenders Better Serve Dealers

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive announced it now provides the AutoCount Risk Report, which is designed to combine key market share information along with Experian's credit scoring to help lenders increase their auto loan offerings with dealers. "The AutoCount Risk Report ... [Read More]

DealerTrack Now Has 350 Lenders on Platform, Adds Desk Log to SalesMaker

Nick Zulovich
LAKE SUCCESS, N.Y. — In addition to announcing the addition of Desk Log to its SalesMaker profit management system, DealerTrack said that the number of active financing sources connected to the platform has reached 350. Among the recent additions is Maserati ... [Read More]

Fitch: Prime, Subprime Auto ABS Produce Mixed Results in February

Nick Zulovich
NEW YORK — February delinquency results were a mixed bag for U.S. auto ABS. It was subprime performance that actually showed improvement while prime delinquency and annualized net losses reversed and produced weaker performance, according to Fitch Ratings in its latest ... [Read More]

CUDL: Credit Unions Held 18% of ’06 Auto Loans

Nick Zulovich
RANCHO CUCAMONGA, Calif. — Although down from a record 19.3 percent in 2005, credit unions maintained a strong market share in 2006, originating 18 percent of auto loans, according to CU Direct Corp.'s inaugural Auto Lending Business Intelligence Report. According to ... [Read More]

BHPH Dealers Ready to Descend on Vegas in Record Numbers

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is slated to host its annual conference May 14 to 16 at the Las Vegas Hilton. "Based on registrations to date (mid-April), this will be the largest BHPH conference in the ... [Read More]

Poi Joins AmeriCredit to Assist It in Going Full-Spectrum

Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced this week that former Ford Motor Credit executive Joe Poi has joined the company as senior vice president of credit risk management. Discussing his recent move with SubPrime Auto Finance News, Poi said the allure ... [Read More]

ADI Expands Fleet for In-House Dealership Workshops

Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has expanded its fleet of vehicles used to provide in-house dealership consultations throughout the country. These fully contained Ford step vans can be dispatched to dealerships in major metropolitan areas throughout the ... [Read More]

Spanish Lead Services Launches Creditodeauto.com

Nick Zulovich
LOS ANGELES — Spanish Lead Services recently launched Creditodeauto.com to meet dealer demand for Latino leads. "Demand for our Spanish auto leads has grown 245 percent since we've returned from the National Auto Dealers Association's industry show held in Las Vegas ... [Read More]

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