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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

Byrider: Progress Continues Despite Founder’s Death

Nick Zulovich
CARMEL, Ind. — Marking a solemn occasion, J.D. Byrider executives recently gathered to honor the one-year anniversary of the death of their company's founder and president, Jim DeVoe. Despite losing the power behind the birth of Byrider, company executives said business ... [Read More]

Detroit Trading Co. Builds Marketplace for Auto Finance Leads, Including Subprime

Nick Zulovich
ROYAL OAK, Mich. — Detroit Trading Exchange was created to serve as an independent marketplace, along the lines of a virtual Wall Street, to provide an infrastructure for companies and dealers to buy and sell all sorts of auto leads, such ... [Read More]

DealerTrack Processed 71.5 Million Transactions in 2006

Nick Zulovich
LAKE SUCCESS, N.Y. — About 19.5 million transactions were processed in DealerTrack's network during the fourth quarter, a 52-percent climb from about 12.8 million processed during the same time frame of the prior year, according to officials. For the complete year, ... [Read More]

Flex Fund Names VP of Salvage Services

Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services announced it has named Paul Coon vice president of the company's salvage services division. Officials said Coon has served in the auto recycling and collision repair industries for 22 years, holding various sales, ... [Read More]

Subprime Market Vital to Success but Can Be Difficult on Dealers

Nick Zulovich
FAYETTEVILLE, N.C. — Competition in the subprime market has never been fiercer as an increasing number of lenders are getting into this area and more franchised dealers are jumping in to improve their profit margins. No one is feeling this competition ... [Read More]

Flatiron Acquires Centrix Financial

Nick Zulovich
DENVER — Flatiron Financial Services Inc. (Flatiron) announced that it has acquired substantially all the assets of Centrix Financial LLC pursuant to a sale/auction approved in the U.S. Bankruptcy Court for the District of Colorado. In a statement issued by Flatiron, ... [Read More]

Experian Updates Collection Triggers to Keep Lenders Alerted to New Debtor Info

Nick Zulovich
COSTA MESA, Calif. — Experian recently launched an updated version of its Collections Triggers. The new version was designed to provide collectors with notification when a debtor's ability to pay appears to be improving. This can be especially critical for financial ... [Read More]

AFSA Reports Latest News in Auto Sector

Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association recently shared its latest information on happenings in the auto industry, touching on dealers' acceptance of e-contracting, New York leasing suit and more. AFSA Vehicle Finance Panel Tackles E-Contracting At the recent AFSA ... [Read More]

Automotive Credit Corp. Celebrates 15 Years of Serving Dealers, Subprime Customers

Nick Zulovich
SOUTHFIELD, Mich. — Established 15 years ago in Michigan, Automotive Credit Corp. began by providing indirect lending services to a select group of dealers in the state. Today, the regional lender works with both franchised and independent dealers and has slowly ... [Read More]

AppOne Offers Overview of 2006 Growth

Nick Zulovich
BATON ROUGE, La. — AppOne recently reported on its growth that occurred during 2006, saying it focused on increasing participation in its dealer and lender networks and continued the national rollout of its products and services. An overview of the company's ... [Read More]

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