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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

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]

CNW: February’s Amount of Subprime Used-Vehicle Buyers Climbs 53.2 Percent Year-Over-Year

Nick Zulovich
BANDON, Ore. — It is appearing to be a successful tax season for dealers if the February data from CNW Research is any indication. CNW said the number of subprime buyers of used vehicles soared 53.2 percent in February versus ... [Read More]

J.D. Byrider Sets Sales Record, Matches All-Time Low Charge-Off Rate

Nick Zulovich
CARMEL, Ind. — J.D. Byrider watched the fourth quarter become the largest growth period in the history of the buy-here, pay-here dealership chain. To generate $142.6 million in sales from October through December, the company turned a record number of ... [Read More]

Ally Financial Launches New Ad Campaign to Boost Dealer Base

Nick Zulovich
DETROIT — Ally Financial launched a new advertising campaign for its U.S. automotive business today as the company continues to look to grow and diversify its dealer client base. With the new theme, "Ally. It's more than our name, it's ... [Read More]

Free CFPB Compliance Webinars Coming from VTS and Weltman, Weinberg & Reis

Nick Zulovich
TUCSON, Ariz. — Vendor Transparency Solutions, an Arizona-based compliance management company, and Michael Dougherty of Weltman, Weinberg & Reis, a large creditors' rights law firm, are announcing the launch of a series of free Consumer Financial Protection Bureau compliance webinars. ... [Read More]

Fitch Describes Latest US Auto ABS Performance as ‘Speed Bump’

Nick Zulovich
NEW YORK — Fitch Ratings discovered this week that both prime and subprime U.S. auto ABS losses have risen in recent months. However, analysts think the trend is likely a "speed bump" that's fleeting as the sectors enter a seasonally ... [Read More]

Reshuffle Brings New Marubeni Executive to Westlake Financial Services

Nick Zulovich
LOS ANGELES — Marubeni Corp., which owns a 20 percent stake in Westlake Financial Services and has two seats on the company board, announced the promotion of an executive to general manager of Marubeni Automotive Department-I among other changes. Relocating ... [Read More]

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