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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

NVLA Opens Registration for Annual Conference

SubPrime Auto Finance News Staff
A presentation by Manheim chief economist Tom Webb as well as a keynote address by Joe Arpaio, who is known as "America's toughest sheriff," are some of the highlights of the next annual conference orchestrated by the National Vehicle Leasing ... [Read More]

NextGear Capital Finalizes Floor Plan Integration with AuctionACCESS

SubPrime Auto Finance News Staff
NextGear Capital this week announced a new floor planning integration with AuctionACCESS, a development that comes on the heels of a credit line availability integration between the two companies. Officials highlighted these moves will allow auctions to quickly and efficiently ... [Read More]

January Bankruptcy Filings Drop Year-Over-Year, Edge up Sequentially

SubPrime Auto Finance News Staff
The American Bankruptcy Institute reported that total filings in the United States decreased 13 percent in January from the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 68,153 in January, down from last January's ... [Read More]

Ally Spells out Reasons for Slight Moves in Q4 Originations, Charge-Offs and Delinquencies

Nick Zulovich, Editor
Despite financing originations tailing off a bit during the fourth quarter, Ally Financial senior executive vice president of finance and corporate planning Jeffrey Brown contends the company is in a great position to capitalize on growing vehicle and F&I sales ... [Read More]

FTC Approves Final Order Settling Charges Involving Two Dealers’ Deceptive Ads

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SubPrime Auto Finance News Staff
WASHINGTON, D.C. — Following a public comment period, the Federal Trade Commission approved final consent orders this week, settling charges that two dealers deceptively advertised the cost or available discounts for their vehicles. The FTC charged Don White's Timonium Chrysler ... [Read More]

Ally Unveils 3-Point Plan for Performance ‘Encore’

Nick Zulovich, Editor
With the financial penalty associated with the Consumer Financial Protection Bureau and U.S. Department of Justice settlement leaving a significant impact on the company's fourth-quarter performance, Ally Financial chief executive officer Michael Carpenter outlined a three-point plan to achieve success ... [Read More]

AutoNation, Asbury Bosses Consider NADA Fair Credit Guidance

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Nick Zulovich, Editor
Less than two weeks after the National Automobile Dealers Association released its fair credit guidance to member franchised stores, top executives at two of the largest publicly traded dealer groups are still assessing the recommendations and determining what to do ... [Read More]

Amount of January Subprime Used Buyers Rises Nearly 25 Percent

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SubPrime Auto Finance News Staff
CNW Research determined the amount of pre-approved loans, subprime buyers and the percentage of January's used-vehicle sales to buyers with FICO scores below 550 all increased year-over-year. The firm indicated the level of pre-approved financing for a used-vehicle purchase last ... [Read More]

Wolters Kluwer Financial Services Teams with Frazer

SubPrime Auto Finance News Staff
Wolters Kluwer Financial Services recently integrated with Frazer's Bankers Systems brand retail installment contracts. Officials explained the integration can provide Frazer with the ability to electronically select and print plain-paper compliant contracts, disclosures and ancillary forms through the Frazer DMS ... [Read More]

2 Northeast Credit Unions Enjoy Exponential Growth with CU Xpress Lease

SubPrime Auto Finance News Staff
Two Northeast credit unions recently reported exponential growth using CU Xpress Lease, an alternative new-vehicle leasing product that incorporates low residual value risk to create incremental loan growth and increased efficiency. Teachers Federal Credit Union in Hauppauge, N.Y., said it ... [Read More]

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