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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

VW Credit Celebrates Facility Expansion on Heels of Record-Setting Year

Nick Zulovich
LIBERTYVILLE, Ill. — Coming off what was a record-setting year for the captive finance arm for Volkswagen and Audi, VW Credit celebrated the opening of a 30,000-square-foot expansion of its facility last week. Officials highlighted the $10 million expansion that ... [Read More]

AASC Board of Directors Appoints Broe as New Interim President and CEO

Nick Zulovich
ATLANTA — Sister publication Auto Remarketing learned Thursday that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work ... [Read More]

Sustainability of Recent Subprime Growth Varies by Viewpoint

Nick Zulovich
SOUTHFIELD, Mich., and IRVINE, Calif. — Depending on who is responding, the subprime auto financing market is either growing at a sustainable pace or is leading back to poor practices such as underwriting that's too loose. As Fitch Ratings approached ... [Read More]

Ally Financial Survey Shows Dealers Upbeat About F&I Prospects This Year

Nick Zulovich
DETROIT — The F&I office should be busy this year based on the results of an Ally Financial survey conducted at the recent National Automobile Dealers Association Convention & Expo. More than 70 percent of participating dealers expect sales of ... [Read More]

Nationwide Acceptance Recapitalized by Prospect Capital

Nick Zulovich
NEW YORK and CHICAGO — Continuing a string of investment firms pushing money into subprime auto lenders, special finance paper purchaser Nationwide Acceptance Corp. recently received an injection from Prospect Capital Corp. Officials said the combined debt and equity financing ... [Read More]

FTC Study: 1 in 5 Consumers Have At Least 1 Error on Credit Report

Nick Zulovich
WASHINGTON, D.C. — As the agency decided to extends deadline for comments on proposed modifications to its Used Car Rule, the Federal Trade Commission said its annual study of the U.S. credit reporting industry found that 5 percent of consumers ... [Read More]

Equifax: Total Outstanding Auto Debt at Highest Point in 4 Years

Nick Zulovich
ATLANTA — While analysts found the number of consumers considered to be subprime borrowers is actually decreasing in some of the nation's largest cities, Equifax's latest National Consumer Credit Trends Report showed the amount of auto loan debt rose to ... [Read More]

American Honda Finance, Dealertrack Technologies Form Exclusive Partnership

Nick Zulovich
LAKE SUCCESS, N.Y. — Along with unveiling several mobile solution offerings during the National Automobile Dealers Association Convention & Expo this past weekend, Dealertrack Technologies and American Honda Finance Corp.  formed an exclusive, long-term strategic partnership agreement. Officials highlighted the ... [Read More]

RouteOne Introduces New Solution to Help Dealers Convert Online Shoppers into F&I Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — Along with developments connected with Dominion Dealer Solutions, RouteOne introduced FinanceConnect, a new product designed to help dealers quickly convert online vehicle shoppers into F&I customers. Officials highlighted FinanceConnect can offer dealers a customizable credit application ... [Read More]

IFMG, Get Auto Partner to Expand Dominion Performance Network

Nick Zulovich
RICHMOND and NORFOLK, Va. — Last week, Interactive Financial Marketing Group, a division of Dominion Enterprises, joined with its sister company, Get Auto, to provide dealers with extended marketing reach via the Dominion Performance Network (DPN). Officials highlighted this new ... [Read More]

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