Sometimes auto finance companies diversify their portfolio through buying paper lower down the credit spectrum than they typically might. In the case of Westlake Financial Services — which specializes in subprime contracts — the provider is doing the opposite. Westlake recently launched its new Titanium program for customers with a 750 FICO or better. Company leaders […] [Read More]

Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance — now has a three-year partnership with MVTRAC to sponsor the annual NARS Golf Tournament […] [Read More]

Manheim announced Thursday that its five-year, $10 million-plus investment in four Arizona businesses this year has already brought several enhancements to its physical auction and digital channels in the region. Altogether, Manheim operations in Arizona have touched a combined 8.9 million vehicles annually and cover more than 230 acres. Manheim said the significant investment the […] [Read More]

This week, we go to the Conference of Automotive Remarketing in Las Vegas, where Auto Remarketing group publisher Bill Zadeits chats with Zarif Haque. Haque is the founder and CEO of DRAIVER, a company that is aiming to "Uberize the driveaway industry" and manage drivers through artificial intelligence. Check out their conversation below.  Download and subscribe to […] [Read More]

Now that DriveTime has its new top executive in place, the retailer that caters to buyers with damaged credit histories unveiled its news marketing initiative. This week, DriveTime launched what the company called its “The Genius Way to Buy a Car” campaign. The national spots showcase two fictional brainiacs, mathematician Gunter Zoolof and marine biologist […] [Read More]

S&P Global Ratings pored over the 2017 data for the U.S. auto loan asset-backed securities (ABS) sector and reported that  “a few encouraging trends emerged.” Analysts added that December ABS performance showed seasonal patterns, resulting in upticks in metrics they watch regularly. The firm shared this finding in a report titled, “U.S. Auto Loan ABS […] [Read More]

Sym-Tech Dealer Services announced Tuesday a nationwide partnership with Audi Finance and Volkswagen Finance to deliver both the Audi After Care and Volkswagen Protection Plus branded suite of F&I products and services. The deal will be effective Nov. 1.  Sym-Tech said that it has an experienced team of sales, technology, operations, dealer communications, claims and […] [Read More]

As part of our annual special issue honoring The Best CPO Dealers in the USA, Auto Remarketing shared the respective top 10 certified pre-owned sales leaders for a wide array of automakers. In addition to the lists of CPO leaders, which were based on full-year 2017 sales, we also connected with many of these dealers […] [Read More]

LGM Financial Services has partnered with Carfinco Financial Group to step into the non-prime financing market, the companies announced Monday. LGM will expand the F&I services its offers auto dealers by supporting a non-prime lending solution through Carfinco. Carfinco specializes in non-prime financing and provides financing options that work to enable dealers to offer credit solutions to consumers with […] [Read More]

While Equifax recently highlighted the depth of consumers opting to purchase an off-lease vehicle in greater numbers rather than leasing a new model, Swapalease.com pointed out that interest in taking over a vehicle lease contract is as strong as ever. To reinforce the assessment, approvals for takeovers on the site jumped by more than 7 […] [Read More]