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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

NY Honda dealer settles discrimination allegation from FTC for $1.5M

Federal Trade Commission
SubPrime Auto Finance News Staff
Discrimination allegations from the Federal Trade Commission against a New York City dealer resulted in a $1.5 million settlement. The FTC announced this week that Bronx Honda and general manager Carlo Fittanto will pay $1.5 million to settle charges they ... [Read More]

Repossession industry reinforces tenuous position with Repo Alliance, ARA whitepaper

capitol hill
SubPrime Auto Finance News Staff
The repossession industry is taking swift action to position itself to survive the dire situation intensified by the COVID-19 pandemic. First, the American Recovery Association (ARA) started an initiative several weeks ago that’s resulted in the Repo Alliance, a fundraising ... [Read More]

Protective Asset Protection’s online dealer training now available

training
SubPrime Auto Finance News Staff
Perhaps you cannot go to your local public library, but Protective Asset Protection recently made its library of professional development training courses available to all dealership personnel and agents. The provider of F&I programs as well as services and dealer ... [Read More]

Allied Solutions, RDN finalize partnership

Anne Holtzman at UCW
SubPrime Auto Finance News Staff
Allied Solutions and Recovery Database Network (RDN) not only operate in the same Indianapolis suburb, but the companies now are partners since they both seek to help auto-finance companies in the same area of their operations. Allied Solutions, one of the ... [Read More]

PODCAST: How TransUnion will monitor auto-finance health going forward

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SubPrime Auto Finance News Staff
Like so many individuals, TransUnion described the auto-finance industry as healthy before the coronavirus pandemic arrived in earnest more than two months ago. And in a special episode of the podcast, TransUnion senior vice president and automotive business leader Satyan ... [Read More]

RISC extends waiver of membership-education subscription fees through July 1

new RISC image for web
SubPrime Auto Finance News Staff
After nearly two months of COVID-19 related ordinances and regulations, RISC acknowledged the repossession industry has not opened up in all areas, continuing to pressure recovery agency owners and their staff financially.  RISC wants to support agents during this crisis ... [Read More]

Credit Acceptance CEO credits workforce for navigating COVID-19 thus far

credit acceptance image for web
SubPrime Auto Finance News Staff
After being delayed because of the coronavirus pandemic, Credit Acceptance Corp. plans to return from Memorial Day weekend and share its first-quarter results on Wednesday.   Earlier this week, the subprime auto finance company gave a glimpse of how it’s ... [Read More]

Auto defaults drop to 10-year low even as jobless claims approach 39M

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Nick Zulovich, Senior Editor
For the second month in a row, the auto-finance portion of the S&P/Experian Consumer Credit Default Indices for April dropped to the lowest level in 10 years, even as the U.S. Department of Labor said another 2,438,000 workers made initial ... [Read More]

ANALYSIS: Examining Top 8 collateral-recovery challenges

problems and solutions
Joel Kennedy, NAF Association
Editor’s note: This commentary is the second in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and board adviser at TruDecision, looking at the intricacies of repossessions and recovery. The first segment ... [Read More]

Launcher rolls out origination solutions tailored for credit unions

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SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS (Launcher) entered the credit-union world on Tuesday to offers a solution the company believes can work exceptionally well in both the prime and the subprime market with regard to risk assessment and complex workflows. The technology provider specializing in ... [Read More]

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