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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

TriStar Freedom Guard Releases YouTube Promo Videos

Nick Zulovich
MASON, Ohio — In an effort to help dealers showcase the product to potential buyers in the F&I office, TriStar officials recently announced they have released two new promotional videos on YouTube about their vehicle service contract.  The company explained ... [Read More]

Prestige Financial Completes Largest Rated Term Securitization Ever

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services completed its 11th and largest rated term securitization on Wednesday, issuing $350 million in securities backed by $353,535,758 in automobile installment receivables. In a transaction led jointly by Wells Fargo Securities and J.P. ... [Read More]

Primeritus Financial Services Exits Direct Recovery Business

Nick Zulovich
NASHVILLE, Tenn. — Primeritus Financial Services, which offers recovery management, skip-tracing and remarketing services, announced this week it has sold its remaining direct recovery repossession business. Primeritus sold the business to Connect 1 Recovery, finalizing Primeritus' exit from the direct ... [Read More]

Credit Acceptance’s Q1 Unit Volume Softens

Nick Zulovich
SOUTHFIELD, Mich. — As the lender announced an extension of its revolving secured warehouse facility, Credit Acceptance reported that its unit volume softened in the first quarter despite a 21.2-percent jump in the number of active dealers. The company indicated ... [Read More]

AFG Introduces New Technology for Residual-Based Lending Program

Nick Zulovich
HOUSTON — Auto Financial Group, an online provider of residual-based financing products for dealers and lenders since 1999, announced Tuesday that it has enhanced its balloon loan program with a new feature called the Dealer Inventory Download (DID). Officials explained ... [Read More]

Upcoming NCM Webinar to Discuss Warranty & Service at BHPH Dealerships

Nick Zulovich
OVERLAND PARK, Kan. — One of NCM Associates' trainers who specializes in the buy-here, pay-here market is going to host a 60-minute webinar explaining the different business models for the dealership and its related service operation.  During a session that's ... [Read More]

Securian Rolls Out New Debt Protection for Auto Loans Benefits

Nick Zulovich
ST. PAUL, Minn. — Securian Financial Group recently introduced major auto expense and auto insurance deductible debt protection benefits as value add-ons for new and existing debt protection programs offered by financial institutions. The company explained the major auto expense ... [Read More]

RISC Offers Important Repossession Training and Compliance Materials for BHPH Operators

Nick Zulovich
OCALA, Fla. — In keeping with its goal of providing professional certification and compliance training documents to the collateral recovery and lending industries, Recovery Industry Service Co., has been working with the National Alliance of Buy-Here, Pay-Here Dealers to provide ... [Read More]

3 More California Credit Unions Join cuautocoupon Network

Nick Zulovich
HAUPPAUGE, N.Y. — Officials from cuautocoupon — a company aimed at driving organic auto loan growth for credit unions while fostering stronger relationships with dealerships — recently announced the signing of three new California credit unions. The company's growing network ... [Read More]

Apps Now Available for SubPrime’s Digital Magazine

Nick Zulovich
CARY, N.C. — SubPrime Auto Finance News not only has a digital magazine, the publication now has apps so you can download, read and share the new offering more easily. The apps are available to use on your iPhone, iPad, ... [Read More]

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