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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

Westlake Capital Finance lowering rates for qualified dealers

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SubPrime Auto Finance News Staff
Dealers who are itching to grow their business now might be able to secure more affordable resources from Westlake Capital Finance (WCF). The Westlake Technology Holdings subsidiary announced last week that qualified dealers can be approved for new commercial real ... [Read More]

While interest rates stay steady, what experts now are watching

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Nick Zulovich, Senior Editor
Not surprising to economic experts, the Federal Reserve stood pat on current policy associated with interest rates. However, Cox Automotive chief economist Jonathan Smoke pointed out one metric that might have an even more pronounced impact on auto financing than ... [Read More]

PODCAST: More insights into TransUnion’s Q3 data with Satyan Merchant

Satyan from TU for web
SubPrime Auto Finance News Staff
After TransUnion released its Q3 2021 Quarterly Credit Industry Insights Report (CIIR), Satyan Merchant made a return appearance on the Auto Remarketing Podcast. The senior vice president and automotive business leader at TransUnion not only delved deeper into the third-quarter ... [Read More]

KBRA reviews First Investors’ outstanding ABS deals

KBRA logo for web
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) weighed in on another element to the completion of Stellantis’ acquisition of First Investors Financial Services Group that created a new captive finance company for the automaker. While First Investors has been renamed Stellantis Financial ... [Read More]

TransUnion pinpoints spillover of rising vehicle prices into Q3 finance data

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SubPrime Auto Finance News Staff
Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per ... [Read More]

Stellantis completes First Investors acquisition

Unifor, Stellantis reach tentative agreement, ending all strike action
SubPrime Auto Finance News Staff
First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed ... [Read More]

Resolvion makes 3 executive leadership changes

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SubPrime Auto Finance News Staff
Resolvion began a new month by announcing a variety of high-level executive moves on Monday. The provider of repossession management, skip-tracing, heavy equipment recovery, remarketing, license plate recognition and specialty recovery said the strategic leadership changes involve: — Scott Darling, ... [Read More]

Westlake uses current customer base to test new cash program

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SubPrime Auto Finance News Staff
Westlake Financial Services is continuing to diversify its portfolio but leveraging a lending strategy that’s gained industry traction this year. Along with originating indirect auto financing, this week Westlake launched what it’s calling, Cash Now Pay Later. The company said ... [Read More]

Experian collaborates with Citadel API to expand verification solutions

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SubPrime Auto Finance News Staff
Experian is looking to help finance companies complete one of the most important parts of underwriting — verification of income and employment status. This week, Experian introduced new verification capabilities that can connect finance companies to more than 120 million ... [Read More]

PODCAST: StoneEagle F&I deciphers which financing trends might be sustainable at dealerships

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SubPrime Auto Finance News Staff
StoneEagle F&I senior vice president of business development Joe St. John made his monthly appearance on the Auto Remarketing Podcast to discuss what’s happening in dealership finance offices. Senior editor Nick Zulovich asked about which elements helping F&I departments this ... [Read More]

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