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Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
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

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]

Car-Mart’s Q2 Net Income, Revenue, Sales Dip Slightly

Nick Zulovich
BENTONVILLE, Ark. — Citing increased competition from dealers and lenders dipping deeper into the subprime customer pool as well as a comparison to a sterling performance a year ago, America's Car-Mart watched its net income, revenue and retail units sold ... [Read More]

Viewing Fiscal-Cliff Impact Through Auto-Industry Prism

Nick Zulovich
IRVINE, Calif., and SANTA MONICA, Calif. — The fiscal cliff is all the talk in Washington, D.C., since lawmakers must decide if the Bush-era tax cuts and a 2-percentage point payroll tax deduction among other elements will be extended by ... [Read More]

Leedom Gears up for BHPH Credit & Collections Conference

Nick Zulovich
SARASOTA, Fla. — Leedom and Associates is closing out the year with one more event for training, networking and more  — the 2012 Buy-Here, Pay-Here Credit & Collections Conference. The conference that's scheduled to include skip-tracing expert Alex Price, AutoStar ... [Read More]

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