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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Moody’s: Internal Credit Scores Are Critical to Subprime Lenders’ Loss Projections

Nick Zulovich
NEW YORK — Moody's Investors Service explained that subprime auto lenders, in particular, use historical granular customer and loan characteristics to build and refresh custom scores that can supplement the information contained in FICO scores. Since auto lenders often develop ... [Read More]

Consumers Wary of Unstable Job Market Send ‘Mixed Signals’ to Auto Industry

Nick Zulovich
CINCINNATI — With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of ... [Read More]

Automotive Compliance Consultants Offers No-Markup Credit Reports

Nick Zulovich
CRYSTAL LAKE, Ill. — Automotive Compliance Consultants insisted dealers subscribing to its services can save as much as $650 a month in credit bureau report markup fees. From the firm's Compliance Solved Web dashboard, subscribing dealers can download reports from ... [Read More]

ABA Warns Dealers About How to Combat Fraud, Cyber Security Breaches

Nick Zulovich
WASHINGTON, D.C. — American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can ... [Read More]

As Borrowing Rises, Analysts Warn about Long-Term Threat to Auto Sales Growth

Nick Zulovich
NEW YORK and DALLAS — As the Federal Reserve discovered total consumer borrowing — including auto loans — accelerated by 8 percent in August, Fitch Ratings cautioned that industry enthusiasm should be tempered as meaningful near-term risk remains as long ... [Read More]

Exeter Finance Expands and Extends Warehouse Credit Facility

Nick Zulovich
IRVING, Texas — Exeter Finance Corp. recently announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. Management from the specialty auto finance company indicated the ... [Read More]

First Investors Announces Special Meeting of Shareholders to Consider Merger

Nick Zulovich
HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The ... [Read More]

MVTRAC Recovery Industry Advisory Board Approves Strategy Changes

Nick Zulovich
PALATINE, Ill. — The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC's business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then ... [Read More]

NABD Offers One-Day Passes for Upcoming East Coast Conference

Nick Zulovich
HOUSTON — Dealers and finance professionals interested in gaining more guidance about being successful in the buy-here, pay-here industry now can register for a day pass if they cannot attend the entire East Coast NABD BHPH Conference. The National Alliance ... [Read More]

DealerTrack and RouteOne Settle Patent Infringement Lawsuit

Nick Zulovich
LAKE SUCCESS, N.Y., and FARMINGTON HILLS, Mich. — DealerTrack Holdings and RouteOne today announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004.  Under the terms of the settlement, DealerTrack and RouteOne will file a ... [Read More]

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