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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

Despite Sandy’s Impact, October Used Sales Still Manage Year-Over-Year Gain

Nick Zulovich
BANDON, Ore. — As damage tallies stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW ... [Read More]

OpenRoad Lending, TrueCar Form Partnership

Nick Zulovich
NORTH RICHLAND HILLS, Texas and SANTA MONICA, Calif. — OpenRoad Lending, an online direct-to-consumer auto finance company, recently partnered with TrueCar for an alliance aimed at creating a better experience for consumers and dealers. With the new program on OpenRoad ... [Read More]

AutoNation Taps CU Direct Connect as a Preferred Lender

Nick Zulovich
CENTENNIAL, Colo. — CU Direct Connect announced this week that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group's stores in Colorado. The agreement was effective as ... [Read More]

First Investors Shareholders Overwhelmingly Approve Merger with Private Equity Firm

Nick Zulovich
HOUSTON — First Investors Financial Services Group said Tuesday's special meeting of its shareholders resulted in approval of the company's previously announced merger with an affiliate of Aquiline Capital Partners, a New York-based private equity firm investing in the financial ... [Read More]

GM Financial, Ford Motor Credit Watch Q3 Net Income Rise

Nick Zulovich
DEARBORN, Mich., and FORT WORTH, Texas — Both General Motors Financial and Ford Motor Credit posted gains in third-quarter net income, according to reports the companies shared Tuesday and this morning. The company that posted a higher year-over-year increase was ... [Read More]

CarHop Continues BHPH Network Expansion, Branching into Pennsylvania

Nick Zulovich
EDINA, Minn. — Buy-here, pay-here dealership chain CarHop not only bolstered its presence in well-established markets, the company recently opened a dealership in Pennsylvania to raise its footprint to 16 states. That newest store is in Pittsburgh, located at 3408 ... [Read More]

Consolidated Asset Recovery Systems Taps VP of Sales

Nick Zulovich
RALEIGH, N.C. — Consolidated Asset Recovery Systems recently hired a new vice president of sales. Joining the provider of repossession and remarketing services is Jeff Swisher. CARS is looking for Swisher to help the company further scale the sales organization ... [Read More]

TransUnion Study: Consumers Who Actively Monitor Their Own Credit Open Far More New Auto Loans

Nick Zulovich
CHICAGO — A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own ... [Read More]

Fitch: Seasonality Pushes US Auto ABS Losses 12 Percent Higher

Nick Zulovich
NEW YORK — The most recent index results from Fitch Ratings indicated U.S. auto ABS loss rates rose 12 percent from levels seen in August, though performance was notably stronger in September than in past years to close out the ... [Read More]

Expectations for Monthly Used-Car Sales

Nick Zulovich
CARY, N.C. — As the October sales month winds down, used-car sales projections for the period are up. SubPrime Auto Finance News compiled the sale forecasts for October from TrueCar.com, Edmunds.com and CNW Research. While the numbers may vary, the ... [Read More]

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