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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

BHPH Dealers Gather to Learn at NABD East Coast Conference

Nick Zulovich
ATLANTA — General recommendations about what dealers should do when a buyer files for bankruptcy, how successful stores keep quality employees and operators who are starting their tax season before Halloween comprised the opening day of content at the NABD ... [Read More]

Primeritus Financial Services Acquires Renovo Services

Nick Zulovich
NASHVILLE, Tenn. — After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said ... [Read More]

Capital One Auto Finance Taps New President, Reports Q3 Performance

Nick Zulovich
McLEAN, Va. — While documents filed with the Securities and Exchange Commission this week confirmed Capital One Auto Finance will have a new president as of Nov. 1, the company watched its auto loan originations soften during the third quarter. ... [Read More]

Equifax Rolls Out Tool for Improved Targeting of Pre-approved Loan Offers

Nick Zulovich
ATLANTA — Equifax contends that automotive lenders can now receive unprecedented levels of marketing intelligence to more effectively prescreen and target prospective consumers for pre-approved offers with its newest tool rolled out this week — True In-Market Propensity (TIP) Scores. ... [Read More]

Edmunds: Subprime Borrowing Pushes Rebound of Dealer-Financed Sales

Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a ... [Read More]

S&P/Experian: Auto Loans Tick Higher Again as Most Consumer Credit Default Rates Hit New Lows

Nick Zulovich
NEW YORK — The upward bounce from the reading's historic low continued in September as the S&P/Experian Consumer Credit Default Indices showed auto loan defaults climbed for the second month in a row. Analsyts from S&P Dow Jones Indices and ... [Read More]

FinCo Management Expands Deep Subprime Loans and Leases into 31 States

Nick Zulovich
MARBLEHEAD, Mass. — FinCo Management, a provider of deep subprime dealer financing, is expanding its Financing Alternatives and Servicing Today program into 31 states, covering nearly 75 percent of the U.S. population. The company said the program should be operating ... [Read More]

Dealers United Chooses DealerTrack as Preferred DMS Provider

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced today the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack ... [Read More]

CU Xpress Lease’s September Volume Establishes Year-High

Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease said its September activity reached a one-year high showing growth of 64.88 percent in lease volume year-over-year and 36 percent year to date. Officials said the vehicle leasing program available to current credit union ... [Read More]

Ally Financial Declares Dividends on Preferred Stock

Nick Zulovich
DETROIT — Ally Financial's board of directors recently declared quarterly dividend payments for certain outstanding preferred stock, continuing a stream heading to the U.S. Department of the Treasury.  Officials indicated these dividends are payable on Nov. 15. The company explained ... [Read More]

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