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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

Primeritus Financial Services Reveals Multiple Management Promotions

Nick Zulovich
NASHVILLE, Tenn., and EL DORADO HILLS, Calif. — Primeritus Financial Services recently announced several top management promotions at its California location and one promotion at its Tennessee office.  Among the promoted members of the El Dorado Hills, Calif., office are: ... [Read More]

Experian Pinpoints How Q2 Subprime Lending Rose Year-Over-Year

Nick Zulovich
SCHAUMBURG, Ill. — Lenders awarding new-vehicle contracts to customers in the nonprime, subprime and deep-subprime risk tiers grew by double digits year-over-year during the second quarter. Experian Automotive determined 25.41 percent of all new-vehicle loans went to customers in the ... [Read More]

More US Bank Contracts Being Transferred at Swapalease.com

Nick Zulovich
CINCINNATI — Swapalease.com might have found more evidence of improving credit for consumers. Since the end of May, site officials discovered US Bank customer approvals for taking over a contract on Swapalease.com climbed to an average of 73.7 percent, compared ... [Read More]

Automobile Acceptance Opens Five More Branches

Nick Zulovich
RIVERDALE, Ga. — Automobile Acceptance Corp., which has provided indirect lending to prime and subprime buyers in Georgia since 1989, recently added five branches, including two buy-here, pay-here dealerships, two franchised stores and one service center. Combined with its existing ... [Read More]

Former Volvo CPO Leader Moves to Remarketing Post at Hyundai Capital

Nick Zulovich
ATLANTA and IRVINE, Calif. — A former leader of Volvo's certified pre-owned program now has a remarketing post with Hyundai Capital America. Sister publication Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with ... [Read More]

Remaining 2 California BHPH Bills Pass Easily

Nick Zulovich
SACRAMENTO, Calif. — Jan. 1 might be more important to California buy-here, pay-here dealers than it just being the first day of 2013. It also could be the day three bills now sitting on Gov. Jerry Brown's desk become laws ... [Read More]

SAFCo Broadens Lending Footprint into 4 More States

Nick Zulovich
FORT LAUDERDALE, Fla. — Non-prime lender Southern Auto Finance Co., expanded its market footprint into four more states this week. SAFCo now partners with nearly 3,000 dealerships in 14 states, now including Kansas, Missouri, North Carolina and Pennsylvania. Back in ... [Read More]

Pen Air FCU Starts Campaign to Help Hurricane Isaac Victims

Nick Zulovich
PENSACOLA, Fla., and WASHINGTON, D.C. — Following the destruction brought by Hurricane Isaac in the Southeast, Pen Air Federal Credit Union is collecting monetary donations for the relief efforts of the American Red Cross, which is deploying significant resources to ... [Read More]

Fitch: US Subprime Auto ABS Expansion to Continue

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — Fitch Ratings believes the trends that led to an increase in the issuance of subprime auto ABS are likely to continue through the end of the year. Why? Analysts ... [Read More]

DSC of Indiana Launches Mobile Website

Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE CARMEL, Ind. — Dealer Services Corp. of Indiana on Tuesday rolled out a new mobile version of its website aimed at making it easier for store managers to connect to products and ... [Read More]

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