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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

Webb: Used Retail Sales to Establish All-Time High by 2015

Nick Zulovich
ATLANTA — Manheim economist Tom Webb said it's "quite easy and quite logical to assume" that used-vehicle retail sales will hit an all-time high before 2015. Webb backed up his projection by highlighting how used-vehicle retail sales during the first ... [Read More]

Despite Great Used Sales Month, Survey Shows Saving Is a Top Plan for Tax Refunds

Nick Zulovich
SAN ANTONIO and BANDON, Ore. — While CNW Research found the used-vehicle industry produced its best March sales performance since 2002, a USAA survey showed the majority of younger potential car buyers might not be spending their tax refund at ... [Read More]

Car-Mart and CarHop Ramp up Tax Season Efforts with More Locations

Nick Zulovich
BENTONVILLE, Ark., and EDINA, Minn. — With tax season in full swing, buy-here, pay-here dealership chains America's Car-Mart and CarHop added more locations. In fact, Car-Mart opened two lots — one in Florence, Ala., and the other in Kirksville, Mo. ... [Read More]

Mini Launches eContracting at NJ Dealership

Nick Zulovich
WOODCLIFF LAKE, N.J. — A New Jersey dealership is the first store to start the nationwide launch of eContracting by Mini Financial Services, a division of BMW Group Financial Services. The captive is launching the solution at Prestige Mini in ... [Read More]

ABI: Q1 Bankruptcies Drop 16 Percent Year-Over-Year

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute said total bankruptcy filings in the United States decreased 16 percent year-over-year during the first quarter. According to data provided by Epiq Systems, bankruptcy filings totaled 263,516 in the first quarter, down from ... [Read More]

ABA Delinquency Bulletin: Indirect Auto Loans Performed Better in Q4

Nick Zulovich
WASHINGTON, D.C. — While bank card delinquencies fell to levels not seen since the third quarter of 1994, the American Bankers Association's latest Consumer Credit Delinquency Bulletin showed mixed movements in the auto finance space. ABA found that fourth quarter ... [Read More]

GM Financial Finalizes Purchase of Most International Units from Ally Financial

Nick Zulovich
DETROIT and FORT WORTH, Texas — General Motors Financial announced this week that it has completed the acquisition of equity interests in the top-level holding companies that comprise substantially all of Ally Financial's auto finance and financial services business in ... [Read More]

CarFinance Capital Renews and Increases Credit Facility to $300 Million

Nick Zulovich
IRVINE, Calif. — CarFinance Capital renewed and increased its warehouse credit facility this week from $200 to $300 million. Officials highlighted the increased credit line — which is being provided by Deutsche Bank and Credit Suisse — further bolsters the ... [Read More]

Peritus Portfolio Services Reaches Agreement with SteadyPay Payment Solutions

Nick Zulovich
LOUISVILLE, Ky. — Peritus Portfolio Services recently signed a multi-year agreement to offer SteadyPay Payment Solutions services to its customers who often purchase vehicles at buy-here, pay-here dealerships. Officials explained SteadyPay offers automatic bill payment via payroll deduction. Peritus' customers ... [Read More]

Dealertrack Technologies to Host Free Webinar About CFPB Bulletin and More

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies is offering a free webinar where compliance counsel Randy Henrick will discuss the latest regulatory developments coming from the Consumer Finance Protection Bureau. The session where Henrick will offer his analysis of the CFPB's ... [Read More]

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