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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

Ally Closes 2012 with Highest Share of Auto Finance Market, Responds to Stress Test Results

Nick Zulovich
DETROIT — Despite being the only financial institution to fail recent stress tests administered by the Federal Reserve to gauge ability to weather a severe recession, Ally Financial finished 2012 as the market leader for all auto financing, according to ... [Read More]

Car-Mart, CarHop Expand BHPH Store Networks

Nick Zulovich
BENTONVILLE, Ark., and EDINA, Minn. — Buy-here, pay-here dealership chains America's Car-Mart and CarHop recently made a series of additions to their store networks. By bringing on the 121st dealership into its portfolio, Car-Mart expanded its footprint in Missouri by ... [Read More]

van Wagenen Financial Services Forms 2 Partnerships to Boost Servicing and More

Nick Zulovich
MINNEAPOLIS — van Wagenen Financial Services recently formed a pair of alliances to enhance its loan servicing software with insurance tracking and placement services. First, van Wagenen formed a strategic marketing agreement with Nortridge Software, a Lake Forest, Calif.-based company ... [Read More]

Top 10 States for Lowest, Highest APR in February

Nick Zulovich
SANTA MONICA, Calif. — Based on data Edmunds.com gave SubPrime Auto Finance News, there was a 363 basis point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site ... [Read More]

RouteOne Unveils Enhancements for Windows Phone App

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne rolled out additional enhancements to its free app for Windows Phone this week. The new enhancements include the ability to forward "sent" applications to a new finance source, securely text message with supporting finance sources, ... [Read More]

3 Factors Help to Push February Bankruptcy Filings Lower Year-Over-Year

Nick Zulovich
ALEXANDRIA, Va. — Stemming from what observers noted as three post-recession factors sparking the declines, the American Bankruptcy Institute said total U.S. bankruptcy filings decreased 21 percent in February compared to the same month last year. According to data provided ... [Read More]

Experian: Q4 Deep Subprime Volume Increases as New-Car Terms Reach All-Time High

Nick Zulovich
SCHAUMBURG, Ill. — As average loan terms for a new vehicle in the fourth quarter jumped to an all-time high, Experian Automotive also discovered the amount of financing for deep subprime buyers climbed significantly, too. Experian said the average new-vehicle ... [Read More]

Black Book and Fitch: Vehicles to Depreciate Faster This Year

Nick Zulovich
GAINESVILLE, Ga. — According to a new report developed by Black Book and Fitch Ratings, vehicles are likely to depreciate at a greater degree this year, though not enough to present any major obstacles to U.S. auto loan and lease ... [Read More]

Senate Committee to Hold CFPB Director Confirmation Hearing Next Week

Nick Zulovich
WASHINGTON, D.C. — As the agency's investigations within the auto lending space deepen, the ongoing clash about whether Richard Cordray will remain director of the Consumer Financial Protection Bureau will continue next week. The U.S. Senate Committee on Banking, Housing ... [Read More]

Dealertrack Technologies Schedules Next Free Compliance Webinar

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies announced the next free webinar to help dealers and F&I managers remain compliant. The next session titled, "OFAC Checks, Risk-Based Pricing and Adverse Action Notices: Three Critical Tasks for Your Dealership," will take place ... [Read More]

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