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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

June auto default rate stays flat

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SubPrime Auto Finance News Staff
For the first time since last fall, the auto default rate remained flat on a sequential basis. According to data through June released this week by S&P Dow Jones Indices and Experian, last month’s reading came in at 0.93 percent; ... [Read More]

Kennedy: Reviewing non-prime auto performance and looking ahead

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Joel Kennedy, Spinnaker Consulting Group
I’ve recently spent a considerable amount of time poring over the 2018 Non-Prime Automotive Finance Survey, which is administered annually by the National Automotive Finance Association. All who review this important survey will see the story of increasing operating expenses, ... [Read More]

RouteOne adds C&F Finance to growing list of available e-contracting finance sources

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SubPrime Auto Finance News Staff
Late last week, RouteOne announced that C&F Finance Co. is now an available e-contracting finance source for dealers utilizing the RouteOne platform. The move was made in an effort to augment the digital exchange of critical contract documents and data ... [Read More]

Equifax acquires DataX to enhance alternative-data capabilities

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SubPrime Auto Finance News Staff
Now all three major credit bureaus have made a move to bolster their offerings within the alternative-data space. On Monday, Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to finance ... [Read More]

GWC Warranty introduces major account management team

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SubPrime Auto Finance News Staff
This week, GWC Warranty announced the inception of a newly created major account management team. The provider of used-vehicle service contracts sold through dealers indicated this new team of five highly skilled and experienced account managers will be led by ... [Read More]

Penske extends agreement with Reynolds and Reynolds

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SubPrime Auto Finance News Staff
Reynolds and Reynolds enhanced its relationship with the Penske Automotive Group this week. The two companies announced they extended their exclusive agreement for Reynolds to provide the Reynolds Retail Management System to all Penske franchised dealerships in the U.S. and ... [Read More]

NY Honda dealer penalized nearly $500K by AG

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SubPrime Auto Finance News Staff
The challenges of working with customers who might not be fluent in English has cost a New York franchised dealership nearly $500,000. New York attorney general Barbara Underwood recently announced a settlement requiring Bay Ridge Honda of Brooklyn to reform ... [Read More]

AFS Acceptance rebrands and rolls out broad expansion strategy

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SubPrime Auto Finance News Staff
Back in October 2015, AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” Now this summer, ... [Read More]

How VSC coverage benefits finance companies and contract holders

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SubPrime Auto Finance News Staff
A recent blog post from GWC Warranty not only reiterated how your dealership customers can benefit immensely from a robust vehicle service contract, but the provider also emphasized how the finance company connected to the retail installment sales contract can ... [Read More]

Zurich adds service adviser training, integrates with MaximTrak Technologies

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SubPrime Auto Finance News Staff
Along with an integration with MaximTrak Technologies, Zurich North America also recently expanded its menu of services for dealers by adding service adviser training resources. One of the largest providers of F&I products and consultative training for dealerships in the ... [Read More]

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