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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

Westcott: CFPB Guidance Questioned by Industry and Lawmakers

Nick Zulovich
McLEAN, Va. — Ever since the Consumer Financial Protection Bureau released its fair lending guidance to indirect auto lenders on March 21, dealers and lenders have questioned the basis for the guidance — and now Washington lawmakers are, as well. ... [Read More]

Fitch: Subprime Auto ABS Displays Some Turbulence as Prime Shines in May

Nick Zulovich
NEW YORK — As subprime auto ABS metrics softened a bit, Fitch Ratings noticed net loss levels for U.S. prime auto ABS dropped for the fourth straight month. Analysts said that continued low delinquencies are signaling firm footing for overall ... [Read More]

VINtek Signs 3,000th Lender for Automotive Collateral Management Technology and ELT Services

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, reached a new customer milestone. The company recently signed its 3,000th ELT client. VINtek explained ELT replaces a ... [Read More]

Primeritus Financial Services Hits 500,000th Repossession Assignment

Nick Zulovich
NASHVILLE, Tenn. — After a year of multiple acquisitions, restructuring and rebranding, Primeritus Financial Services celebrated the company's 500,000th repossession assignment this week. Primeritus Financial Services chief executive officer Chuck Tapp reflected on the accomplishment and shared when he hopes ... [Read More]

GrooveCar & 100 Long Island Stores Join Forces to Promote Special Credit Union Financing Deals

Nick Zulovich
HAUPPAUGE, N.Y. — GrooveCar is gearing up for its 14th annual summer sale aimed at helping dealerships move more metal through financing underwritten by some of Long Island's largest credit unions. During this exclusive 10-day event that runs from July ... [Read More]

Ranking Senate Banking Committee Member Seeks Investigation of CFPB’s ‘Big Data’ Collection

Nick Zulovich
WASHINGTON, D.C. — How the Consumer Financial Protection Bureau is conducting its business continues to be questioned by leaders on Capitol Hill. On Tuesday, Sen. Mike Crapo requested that the Government Accountability Office (GAO) investigate what he called the "big ... [Read More]

Financing for Subprime Buyers Fuels Better-Than-Expected June Used Sales Totals

Nick Zulovich
BANDON, Ore. — The opportunity for subprime and deep subprime customers to secure financing helped the June used-vehicle sales total to climb well above CNW Research's initial expectations. CNW found June sales were up from both May and the year-ago ... [Read More]

Year-Over-Year Volume Increases Prompt SFG Finance to Bolster Executive Team

Nick Zulovich
ARLINGTON, Texas — SFG Finance, a purchaser of paper from buy-here, pay-here dealers, franchised stores, finance companies, banks and credit unions, recently added three industry veterans to its team. In light of enjoying significant year-over-year increases in volume, SFG Finance ... [Read More]

Auto Data Direct Offers Solution to New NMVTIS Requirements in Florida

Nick Zulovich
TALLAHASSEE, Fla. — Auto Data Direct pointed out that tow, storage and recovery businesses in Florida should now be encountering changes in requirements for the good faith letter process and certificate of destruction procedures based on a new law passed ... [Read More]

New Start Financial Broadens Presence in Utah

Nick Zulovich
BOUNTIFUL, Utah — New Start Financial recently announced the company is launching a subprime auto financing program to all independent and franchised dealers throughout Utah. Previously, NSF was only available at two select independent dealerships. But a recent merger with ... [Read More]

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