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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

Exeter Finance Completes $400M Securitization

Nick Zulovich
IRVING, Texas — Specialty auto finance company Exeter Finance Corp., announced the completion of its third rated term securitization late last week, issuing $400 million in notes backed by subprime automobile installment receivables. The company explained the notes were purchased ... [Read More]

Dealertrack Readies Solutions to Handle Changing Regulatory & Retail Worlds

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies chairman and chief executive officer Mark O'Neil emphasized that the more governmental regulations dealers face, the more valuable the company's suite of solutions are. Along with highlighting store appeal for its inventory management system ... [Read More]

Hudson Cook Adds New Partner in Pennsylvania

Nick Zulovich
HANOVER Md. — Hudson Cook recently brought in its third new partner so far this year, as the new addition is set to establish the firm's new office in West Chester, Pa. Joining the provider of legal compliance services for ... [Read More]

Dealertrack’s Chairman and CEO On Deep Subprime Approvals and Lenders’ Approach to New Regulations

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE LAKE SUCCESS, N.Y. — Recent intimate dialogue with both dealers and lenders gave Dealertrack Technologies chairman and chief executive officer Mark O'Neil a unique assessment of just how the subprime auto finance ... [Read More]

Global Lending Services Taps Former Capital One Exec to Be New CEO

Nick Zulovich
ATLANTA — Global Lending Services, a one-year-old subprime auto finance company, is appointing a new chief executive officer, pulling in a former high-ranking exec from Capital One Auto Finance. Taking on the role effective Wednesday is Steve Thibodeau, who will ... [Read More]

BMW Group Financial Services Announces Executive Changes in the US

Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Group Financial Services revealed several changes to its executive team in the U.S. which will all take effect on June 1. The moves include: —Shaun Bugbee, formerly vice president of sales and marketing, will move ... [Read More]

MVTRAC Strikes Deal with Blackline GPS to Boost Recoveries

Nick Zulovich
CALGARY, Alberta — Blackline GPS recently reached an agreement with MVTRAC for the distribution of Blackline's Dart covert and asset tracking system into the recovery industry. Well-positioned within the auto finance, government and law enforcement market, officials highlighted MVTRAC's Intelligent ... [Read More]

NAMAD Outlines 3 Consequences if Dealer Markups Are Eliminated

Nick Zulovich
LARGO, Md. — Damon Lester, president of the National Association of Minority Automobile Dealers, sent a letter to President Barack Obama last week, articulating three possible ramifications if federal regulations eventually lead to the elimination of dealer markups. Lester outlined ... [Read More]

Fitch Sees 3 Causes for US Auto Lender Asset Quality Weakening as 2013 Continues

Nick Zulovich
CHICAGO — Fitch Ratings projected that U.S. auto lenders will likely report further weakening in asset quality metrics this year, attributing three reasons for its forecast. Analysts arrived at their assessment by mentioning three factors: —Lower used-vehicle values —Loosening of ... [Read More]

April Bankruptcy Filings Drop 8 Percent

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 8 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 100,702 in ... [Read More]

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