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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

Fed Gives Update on Average New-Vehicle APR from Commercial Banks

Nick Zulovich
WASHINGTON, D.C. — While the Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies, officials late last week did post the latest average by commercial banks. The Fed indicated the average interest rate ... [Read More]

First Quarter Bankruptcy Filings Slide

Nick Zulovich
ALEXANDRIA, Va.— As the first quarter of 2012 comes to an end, the bankruptcy filing rate for the period reflect a recovering economy and cautious consumers. The American Bankruptcy Institute reported a 12-percent dip in bankruptcy filings since the same ... [Read More]

Bunch Takes on New Role with Black Book

Nick Zulovich
GAINESVILLE, Ga. — Just a couple of months after Black Book brought in Jeff Bunch to be its director of automotive licensing, the firm promoted the industry veteran to a new position. Black Book announced Bunch has been elevated to ... [Read More]

Credit Acceptance Completes $201.3 Million in Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently completed $201.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company calculated that its contributed loans having a net book value of approximately $251.7 million to a wholly-owned special purpose entity ... [Read More]

Experts Predict Evolution in Recovery Industry

Nick Zulovich
DALLAS — With an economic rebound still tenuous, recovery efforts by finance companies, credit unions and buy-here, pay-here dealers remain a critical part of doing business nowadays. As the industry ventures deeper in 2012, SubPrime Auto Finance News reached out to ... [Read More]

Mercedes-Benz Financial Services Launches Employee Program at Detroit Institute of Arts

Nick Zulovich
FARMINGTON HILLS, Mich. — Mercedes-Benz Financial Services revealed this week its employees will now have the opportunity to participate in a program facilitated by the Detroit Institute of Arts, which focuses on the sharing of art and culture. Through the ... [Read More]

FTC Files Charges Against California-Based Companies Promising Protection from Repossession and More

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. In a release revealed today, the FTC asserted that ... [Read More]

Prestige Financial Securitizes $245 Million Loan Portfolio

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services recently completed its ninth rated term securitization, issuing $230,071,000 in securities backed by $244,756,951 in auto installment receivables. In a transaction led jointly by J.P. Morgan Securities and Wells Fargo Securities, the company ... [Read More]

Marine Coast Financial Joins Wolters Kluwer’s AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently announced Marine Coast Financial — a company that initiates financing for marine dealerships in the western United States — joined the AppOne platform. Wolters Kluwer reiterated AppOne can help to automate the indirect ... [Read More]

Ally Maintains Momentum

Nick Zulovich
DETROIT — As the top auto finance provider in the U.S., according to AutoCount by Experian Automotive, Ally is continuing its strong momentum, with solid year-over-year growth in total vehicle financing (up 27 percent). Ally continues to grow across its new- ... [Read More]

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