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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

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]

Manheim Summarizes What 2012 Was Like for BHPH Dealers

Nick Zulovich
ATLANTA — Manheim needed only one word to summarize what 2012 was like for buy-here, pay-here dealers. In what economist Tom Webb likely will expand upon during the 15th annual National Conference conducted by the National Alliance of Buy-Here, Pay-Here ... [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]

ARA and NFA Merge Into One Trade Association, Roll Out New Forwarding Co-op

Nick Zulovich
AUSTIN, Texas — In developments that likely will affect many repossession agencies, lenders' recovery departments and repo units coming down the lanes, the American Recovery Association and National Finance Adjusters merged into one trade association this week. Officials explained the ... [Read More]

TransUnion: Non-prime Originations, Delinquencies Rose During Second Half of 2012

Nick Zulovich
CHICAGO — While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers ... [Read More]

700Credit Announces Integration Partnership with ADAM Systems

Nick Zulovich
TORRANCE, Calif. — 700Credit, one of the nation's largest credit reporting agencies offering a suite of value-added compliance services to more than 4,000 dealers, recently formed an integration partnership with ADAM Systems. Officials explained this agreement will allow ADAM Systems ... [Read More]

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