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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

3 notable improvements to GWC Warranty website

business man with tablet
SubPrime Auto Finance News Staff
GWC Warranty introduced a new, modern and refreshed version of its website this week aimed to help dealerships sell more vehicle service contracts and related finance and insurance products. Highlighted by a renewed design that is designed to be easy ... [Read More]

Despite Q4 rise, 60-day delinquencies still below recent high

over due notice
SubPrime Auto Finance News Staff
As fourth quarter outstanding auto loan balances reached the highest level on record since Experian Automotive began publicly tracking the data in 2006, Melinda Zabritski reminded the industry how to view a slight uptick in 60-day delinquencies. According to its ... [Read More]

Credit Acceptance’s view of competition & growing dealer base

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Nick Zulovich, Editor
Credit Acceptance Corp. chief executive officer Brett Roberts sees only one scenario where the competition for auto financing originations will diminish. Until that condition ever arrives, Credit Acceptance still is adding contracts to its portfolio at a strong pace having ... [Read More]

Ally doubles Carvana’s floor plan

Carvana vending-machine-share for SPN
SubPrime Auto Finance News Staff
Online retailer Carvana now has more capacity to secure inventory for the company's unique vehicle vending machines. Ally Financial on Monday extended its financing relationship with Carvana, increasing the retailer’s floor plan credit line from $60 million to $125 million. Executives ... [Read More]

4 new features of GrooveCar’s shopping website

online car shopping
SubPrime Auto Finance News Staff
GrooveCar’s vehicle buying resource for credit unions recently launched its new website. Officials highlighted The Everything Automotive platform has a brand new look combined with valuable features to improve the member experience throughout the shopping process. New features incorporated into ... [Read More]

5 factors pointing to possible credit squeeze

bank pic
Nick Zulovich, Editor
Without being too much of an alarmist, Cox Automotive economist Tom Webb asked a question that perhaps auto finance company executives are pondering as well: Are financial markets pointing to credit contraction? Webb delved into the topic as a part ... [Read More]

Ally maintains value of used-car portfolio

used car grill
Nick Zulovich, Editor
Ally Financial reported that $14.8 billion of its $41 billion in total auto financing originations in 2015 stemmed from installment contracts for used vehicles. The figure marked a rise of $3.1 billion year-over-year. Chief executive officer Jeffrey Brown reiterated why ... [Read More]

3 tips to help F&I managers avoid burnout

more training
SubPrime Auto Finance News Staff
SubPrime 125 honoree Auto Credit Express shared a blog post this week with three suggestions for dealerships to help their F&I managers since they fill such a critical role in moving metal. Billed as a way to keep these managers ... [Read More]

CFPB acknowledges key point in TMCC settlement

gavel and documents
Nick Zulovich, Editor
Both the Department of Justice and the Consumer Financial Protection Bureau sent out press releases on Tuesday afternoon reporting the settlement the agencies made to resolve allegations that Toyota Motor Credit engaged in a pattern or practice of discrimination against African-American ... [Read More]

Elements in place to keep terms long

sales agreement 3
Nick Zulovich, Editor
Kelley Blue Book estimated the average transaction price (ATP) for new vehicles in the United States climbed to $34,112 in January, representing an increase of $919 or 2.8 percent year-over-year. To keep that metal moving out of dealership inventory and ... [Read More]

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