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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

Free NCM Webinar to Discuss Reconditioning at BHPH Dealerships

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News is hosting one of NCM Associates' top buy-here, pay-here trainers for a free webinar to help dealers make better decisions regarding reconditioning. BHPH specialist Gene Daughtry will explain the different business models and ... [Read More]

Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. announced last week that it has extended the maturity of its credit facility with a commercial bank syndicate. The maturity date moved from June 22, 2015 to June 23, 2016.  "There were no material ... [Read More]

Demand by BHPH Stores Pushes Dealer Tac Growth Plans

Nick Zulovich
LAS VEGAS — Dealer Tac, a comprehensive nationwide network database aimed at improving repossession and recovery efforts for buy-here, pay-here dealerships, is looking to expand to meet growing demand. With more than 6,000 BHPH stores already in its system, Dealer ... [Read More]

More Industry Reaction to Departure of CPFB’s Hackett

Nick Zulovich
CARY, N.C. — Two auto industry leaders who have close relationships with Rick Hackett, the assistant director of the Consumer Financial Protection Bureau whose jurisdiction included vehicle financing, shared nothing but glowing assessments of the regulator who announced he was ... [Read More]

Edmunds: Used-Car Registration Share Still Strong, But Hits 5-Year Low

Nick Zulovich
SANTA MONICA, Calif. — While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That's according to the 2013 Edmunds.com ... [Read More]

CPS Completes $205 Million Senior Subordinate Asset-Backed Securitization

Nick Zulovich
IRVINE, Calif. — This week, Consumer Portfolio Services closed its second term securitization of the year. The transaction is CPS's ninth senior subordinate securitization since 2011. In the transaction, the company highlighted that qualified institutional buyers purchased $205 million of ... [Read More]

3 More Credit Unions Join cuautocoupon Network

Nick Zulovich
HAUPPAUGE, N.Y. — Officials from cuautocoupon — a company intent on generating more vehicle financing business for dealers and credit unions — recently announced the signing of three Long Island credit unions to their growing network. The new additions include ... [Read More]

S&P/Experian Spots ‘Healthy’ Credit Default Rates for May

Nick Zulovich
NEW YORK — Analysts who compile the S&P/Experian Consumer Credit Default Indices found a steady pattern for May as the auto loan rate moved marginally while the composite reading remained unchanged. S&P Dow Jones Indices and Experian determined May's auto ... [Read More]

Used-Vehicle Value & Recovery Impact as Leasing Reportedly Soars More Than 200 Percent

Nick Zulovich
NEW YORK — Fitch Ratings explored the potential ramifications on used-vehicle values and the impact on recoveries as the auto leasing origination market soars, reportedly spiking by as much as 248 percent in May alone. Fitch contends that continued competition ... [Read More]

Dealertrack Technologies to Discuss Compliance in Another Free Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — Along with introducing a new online trade-in appraisal tool, Dealertrack Technologies is hosting a free webinar titled, "Your Top 5 Compliance Concerns for the Summer." The session is scheduled for 2 p.m. ET on Thursday. On ... [Read More]

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