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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

DealerTrack Brings Local Teams Together with New Office Space in Dallas

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack revealed Thursday its local teams will be relocating to new Dallas office space. The company will be leasing approximately 59,152 square feet of new office space at Dallas’ Galleria 1 building, officials announced. And this new office will ... [Read More]

GM and Wells Fargo Unveil New Financing Plan for Western US Franchised Dealers

Nick Zulovich
DETROIT — Chevrolet, Buick, GMC and Cadillac dealers, as well as U.S. retail customers within contiguous states comprising General Motors' Western marketing region now have another financing option thanks to a deal revealed late Thursday. GM and Wells Fargo & Co. ... [Read More]

CarFinance Capital Secures $200 Million Credit Facility

Nick Zulovich
IRVINE, Calif. — Dealer non-prime financing provider CarFinance Capital revealed earlier this week it secured a $200 million warehouse credit facility. CarFinance noted the new credit line, which is provided by Deutsche Bank and Credit Suisse, further enhances its ability ... [Read More]

Wholesale Vets Hitchcock, Tapp and Hanks Acquire & Rebrand Forwarding, Remarketing Company

Nick Zulovich
CLINTON, Miss. — Wholesale market executives Cam Hitchcock, Chuck Tapp and Phil Hanks partnered with a New York-based private equity firm this week to acquire the assets of a forwarding and remarketing company. The trio is rebranding ASR Nationwide into ... [Read More]

Experian: TD Auto Finance Closes 2011 Among Top 20 Lenders

Nick Zulovich
SCHAUMBURG, Ill. — When Experian Automotive tallied up the top 20 lenders for its quarterly analysis of the automotive finance market, one company posted year-over-year gains higher than most of the other ones mentioned altogether. TD Auto Finance broke into ... [Read More]

TransUnion: National Auto Loan Delinquencies Drop for Ninth Straight Quarter

Nick Zulovich
CHICAGO — TransUnion determined this week the national auto delinquency rate — the rate of borrowers 60 or more days past due — decreased on a year-over-year basis for the ninth consecutive quarter. Analysts indicated delinquencies dropped from 0.59 percent in the ... [Read More]

Ace Motor Acceptance Ramps Up Offerings, Focuses on BHPH Segment

Nick Zulovich
MATTHEWS, N.C. — Subprime lending company Ace Motor Acceptance is working to “recognize the needs of the dealer,” as well as ramping up its offerings for the buy-here, pay-here market. The company, founded in 1998, made the transition into the ... [Read More]

Consumer Reports Spots Gains in Used-Car Reliability Across the Board

Nick Zulovich
YONKERS, N.Y. — Touting the widespread gains in used-vehicle reliability, Consumer Reports has come out in its latest Annual Auto issue with a message that will likely be welcome news to the used-car business. The publication is saying that buying ... [Read More]

Fitch: Stronger Performance Ahead for US Auto ABS

Nick Zulovich
NEW YORK — Despite rising delinquencies and annualized net losses for auto loan ABS in January, Fitch Ratings expects seasonal factors driven by tax refunds to benefit household finances in coming months and support lower loss rates through spring. According ... [Read More]

Dealer Services Corp. Appoints New Vice President of Customer Service

Nick Zulovich
CARMEL, Ind. — Last week, Dealer Services Corp. of Indiana promoted one of its executives to the newly created position of vice president of customer service.  Taking on the role is Randy Dohse, who previously held the position of regional ... [Read More]

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