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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

Ally Looking to Educate Wiser Car Buyers Through 30 Days of Financial Literacy Program

Nick Zulovich
DETROIT — In celebration of Financial Literacy Month and as a way to build upon the more than 1,000 consumers who already have utilized its tutorials specifically about auto financing, Ally Financial launched its 30 Days of Financial Literacy initiative ... [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]

Fiserv Posts Record-Setting Transaction Volume on its Automotive Loan Origination System in 2012

Nick Zulovich
BROOKFIELD, Wis. — Fiserv said 2012 was a record-setting year for its automotive loan origination system. Officials highlighted that more than 10.8 million loan applications and 3.7 million contracts were processed through the Fiserv's auto lending platform, marking a 31- ... [Read More]

TransUnion: Credit Unions Eye Auto Loans as Growth Source This Year

Nick Zulovich
CHICAGO — A new survey from TransUnion showed approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, and auto loans may be the main focus of that growth. The ... [Read More]

Nicholas Financial Again Receives Interest from Potential Third-Party Acquirer

Nick Zulovich
CLEARWATER, Fla. — For the second time in three years, Nicholas Financial retained a financial adviser to assist the specialty consumer finance company's board of directors with consideration of a possible sale. Last week, Nicholas Financial officials said their board ... [Read More]

Comerica: Auto Affordability Slides in Q4

Nick Zulovich
DALLAS — Comerica Bank's latest Auto Affordability Index indicated the purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the fourth quarter of 2012. Bank analysts determined consumers on average spent $900 more ... [Read More]

TFS and LFS Expand Pledge to Boys & Girls Clubs of America Through ‘GoGreen’ Campaign

Nick Zulovich
TORRANCE, Calif. — Due to an overwhelming response to their second annual "GoGreen" campaign, Toyota Financial Services and Lexus Financial Services announced the organizations are doubling their commitment to the Boys & Girls Clubs of America. The captives now are ... [Read More]

Why BHPH Dealers Should Pay Attention to Latest CFPB Guidance

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — The recent Consumer Financial Protection Bureau bulletin focused on dealer reserve, an element that usually doesn't affect most buy-here, pay-here stores. But Hudson Cook's legal team recommended that BHPH ... [Read More]

Schwartz to Become President of Both Manheim and AutoTrader as Perry to Depart

Nick Zulovich
ATLANTA —  SubPrime Auto Finance News learned this morning that Sandy Schwartz not only will serve as the president of Manheim, but will assume the role of president of AutoTrader Group, which includes AutoTrader.com, Kelley Blue Book and VinSolutions. Chip ... [Read More]

Fitch: Subprime ABS Stops Seven-Month Trend of Rising Losses

Nick Zulovich
NEW YORK — Fitch Ratings discovered asset performance came in stronger for U.S. prime auto ABS while subprime auto loans reversed a seven-month trend of rising losses. Fitch indicated prime and subprime 60-day delinquencies came in lower in February by ... [Read More]

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