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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

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]

Industry Benchmarks Among Highlights of NABD’s National Conference

Nick Zulovich
HOUSTON — Retail sales figures for buy-here, pay-here dealers softened a bit in 2012 compared to a year earlier, according to industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers that will be shared during the organization's upcoming ... [Read More]

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]

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]

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