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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

Peak Acceptance Announces Partnership with LendingTree Auto Services and CreditSmarts.com

Nick Zulovich
DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide ... [Read More]

AFSA, NVLA Voice Concern About Georgia’s Tax Changes Regarding Leased Vehicles

Nick Zulovich
WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the ... [Read More]

Santander Switching Title Administration Processing to Dealertrack Technologies

Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies announced today that Santander Consumer USA will be moving its title administration processing to Dealertrack's Total Title Solution next year. Officials said Santander made the decision to move its vehicle title management to Dealertrack ... [Read More]

S&P/Experian: Auto Default Rate Rise Now at 3 Straight Months

Nick Zulovich
NEW YORK — For the third month in a row, auto loan defaults inched higher according to the latest data incorporated into the S&P/Experian Consumer Credit Default Indices. The October information compiled by S&P Dow Jones Indices and Experian showed ... [Read More]

Westlake Obtains New Credit Facility from Japanese Finance Firm

Nick Zulovich
LOS ANGELES — This week, Westlake Financial Services established a new $30 million credit facility with MG Leasing Corp., a Japanese leasing company. Officials said the credit facility collateralizes Westlake's auto finance receivables. Westlake chief operating officer Paul Kerwin noted ... [Read More]

Vincentric Releases Automotive Lending Decision Support Tool

Nick Zulovich
BINGHAM FARMS, Mich. — Vincentric, a provider of automotive cost of ownership data in the U.S. and Canada, recently added an automotive lending decision support tool to its current product line. The company explained its system — Vincentric Dynamic Cost ... [Read More]

CNW: Subprime Approvals Up Again as Credit Card Use Rises for Down Payments

Nick Zulovich
BANDON, Ore. — The year-over-year gain for subprime approvals this month isn't as strong as the jumps were in September or October, but CNW Research said the climb is still tracking nearly 50 percent higher. Analysts indicated subprime approvals are ... [Read More]

GM Financial Acquires Ally’s Remaining Foreign Operations

Nick Zulovich
DETROIT — As the industry prepared to depart for the Thanksgiving holiday last week, General Motors Financial announced how much cash it was getting from its parent automaker to acquire the remaining foreign operations of Ally Financial. Officials said GM ... [Read More]

Fitch: Still-Strong Wholesale Values Push US Auto ABS Losses Lower

Nick Zulovich
NEW YORK — Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season ... [Read More]

Fed & CFPB Explain Increases in Dollar Thresholds for Exempt Consumer Credit and Lease Transactions

Nick Zulovich
WASHINGTON, D.C. — Just before Thanksgiving, the Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. ... [Read More]

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