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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

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]

Q3 Auto Originations Climb at Both Chase, Wells Fargo

Nick Zulovich
NEW YORK and SAN FRANCISCO — Both Chase and Wells Fargo enjoyed positive developments in connection with their third-quarter auto loan origination volume performances. Starting with Chase, the company indicated its Q3 originations totaled $6.3 billion, a figure 7 percent ... [Read More]

CLCalc.com Offers Loan Widget for Dealer Websites

Nick Zulovich
SEATTLE — Positioned as a tool dealers can embed into their websites, officials from CLCalc.com recently launched a versatile tool with five different calculators aimed at making vehicle loan amounts more understandable. The site contends its tool can help dealers ... [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]

RDN: August Recovery Volume Up From July, Still Off Year-Over-Year

Nick Zulovich
REDWOOD CITY, Calif. — The most recent RDN Monthly Analytics Update showed August recovery volumes increased 3 percentage points from July levels. However, the reading also ended up 17 points below year-ago levels. RDN indicated August recovery orders rose 4 ... [Read More]

Loan Portfolio Servicing Ready to Ramp up Subprime Loan Management

Nick Zulovich
FORT WORTH, Texas — This week, Loan Portfolio Servicing — sister company of the newly rebranded Caprock Auto Remarketing — started its full-scale launch as a national third-party servicer of subprime automotive loans. LPS president Scott France highlighted the company ... [Read More]

6 California Credit Unions Join cuautocoupon Network

Nick Zulovich
HAUPPAUGE, N.Y. — Management from cuautocoupon — a program geared to help drive more business to credit unions and dealerships — recently announced the signing of six credit unions to its growing California network. The largest of the new additions ... [Read More]

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