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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

Credit Acceptance Receives CID from FTC

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Nick Zulovich, Editor
Credit Acceptance Corp. recently reported more than just its second-quarter performance. The company also received a civil investigative demand from the Federal Trade Commission. As a part of its Q2 financial reporting to the Securities and Exchange Commission, Credit Acceptance ... [Read More]

AFIP Offers $100 Off for Next Boot Camp

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SubPrime Auto Finance News Staff
The Association of Finance & Insurance Professionals (AFIP) is offering Industry Summit attendees a $100 discount if they register for its pre-summit certification boot camp. In order to obtain the discount, dealer managers and F&I professionals must complete the registration ... [Read More]

F&I Office Has Hand in Record High 77% of Sales

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Nick Zulovich, Editor
While advocacy groups and federal regulators continue to be skeptical of the convenience and value dealers present at the F&I office, new data from Edmunds.com is showing the volume of work completed in that store department is climbing to levels ... [Read More]

AIADA Chairman: The Perception Gap of Fair Transactions

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Larry Kull, AIADA
Recently, I read about a study commissioned by True Car that I haven’t been able to stop thinking about. The study asked car buyers what they believed a fair profit margin for a car dealer would be on a $30,000 new ... [Read More]

5 Recommendations When Reviewing Arbitration Clauses

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SubPrime Auto Finance News Staff
Sparked by actions of the Consumer Financial Protection Bureau, Automotive Compliance Consultants general counsel David Missimer — who specializes in dealership compliance issues — advised managers to take a close look at the arbitration clause language used in their finance ... [Read More]

2 Financing Tracks Emerging with Impact Still Unclear

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Nick Zulovich, Editor
The “new normal” finance company executives discussed at industry events earlier this year isn’t diminishing. Loan terms are lengthening, and transaction prices are climbing — especially for new vehicles. SubPrime Auto Finance News put the question to a trio of ... [Read More]

Veros Credit Adds Reps in 6 New Markets

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SubPrime Auto Finance News Staff
Subprime finance company Veros Credit has started its expansion strategy, making its first inroads in markets east of the Mississippi River in states such as North Carolina and Florida. Veros Credit now has marketing representatives in Raleigh and Durham, N.C., ... [Read More]

Department of Justice Subpoenas GM Financial

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SubPrime Auto Finance News Staff
As the company completed a property purchase to house more personnel, General Motors Financial said in a regulatory filing on Monday that the company has been subpoenaed by the U.S. Department of Justice. According to the paperwork posted with the ... [Read More]

Student Loans Impacting Today’s Subprime Borrower

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Nick Zulovich, Editor
A new kind of subprime borrower is starting to influence the statistics gathered by Equifax. Jennifer Reid, the senior director of product marketing at Equifax Automotive Services, acknowledged that dealers and finance companies typically think of subprime consumers as ones ... [Read More]

Dahlheim Takes Over Control at VW Credit

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SubPrime Auto Finance News Staff
This week, Volkswagen Group of America tapped Christian Dahlheim to be the new president and chief executive officer of VW Credit. Dahlheim takes the place of Andrew Stuart, who left the captive finance company earlier this summer to be the ... [Read More]

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