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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

GM Financial Unveils $1 Billion Senior Subordinate Asset-Backed Securitization

Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Soon after word spread about an upcoming dealer floor plan program, GM Financial this week revealed pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities. ... [Read More]

Vehicle Acceptance Reveals New Branch

Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
DALLAS — Citing strong demand, Vehicle Acceptance Corp. announced it is bringing its buy-here, pay-here services to a new office in the Northwest. VAC entered the Portland, Ore., market last year in anticipation of the branch opening, management explained. "We ... [Read More]

Chase Auto Finance Expands Subprime Market Presence

Thursday, Jun. 9, 2011, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — As lenders look to grow profitability and market share, subprime could become an attractive avenue again, albeit with tighter underwriting criteria. In perhaps one indication of the subprime market's slow return, Chase Auto Finance announced today that ... [Read More]

CarHop Ramps Up Assistance to Joplin Tornado Victims

Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
JOPLIN, Mo. — As the company's dealership barely escaped severe damage, CarHop is broadening its efforts to serve customers in Joplin, Mo., site of nation's deadliest single tornado since the National Weather Service started keeping records in 1950. Along with ... [Read More]

VINtek Takes Portal to iPhone & iPad

Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek announced that its consumer auto finance Web portal is now compatible with the Apple iPhone and iPad. The company's TitleMyCar website can enable dealers to cut down on processing time and costs by electronically delivering documents to borrowers for ... [Read More]

Westlake to Become Regular Securitization Issuer

Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services recently finalized a revolving securitization facility with Wells Fargo Securities worth $250 million. The company said the deal closed May 26. "This latest securitization is another step towards realizing our goal of becoming a ... [Read More]

Sunwest Bank Branch Now Offering Credit Lines to Subprime Auto Lenders

Tuesday, Jun. 7, 2011, 12:00 AM
Nick Zulovich
ANAHEIM, Calif. — In conjunction with hiring a new senior vice president and team leader for its commercial banking group, Sunwest Bank revealed it's now offering rediscount lines of credit to indirect subprime auto lenders from its Anaheim, Calif., office. Rediscount ... [Read More]

Ally Reiterates Strategy to Focus on Prime Auto Lending

Thursday, Jun. 2, 2011, 12:00 AM
Nick Zulovich
NEW YORK — Ally Financial addressed speculation that it might venture into more subprime auto lending. The company reiterated to SubPrime Auto Finance News about its decision to concentrate on the prime segment. However, Ally explained how it approaches borrowers ... [Read More]

GM Financial to Launch Dealer Floor Planning

Thursday, Jun. 2, 2011, 12:00 AM
Nick Zulovich
FORT WORTH Texas — General Motors dealers who use GM Financial to service subprime buyers could be using the company for more store financing operations later this year. GM Financial confirmed Wednesday that it plans to give franchise dealers a ... [Read More]

CNW: Independent Dealers’ Inventory Issues Hurt May Used Sales Total

Thursday, Jun. 2, 2011, 12:00 AM
Nick Zulovich
BANDON, Ore. — CNW Research's May used-vehicle sales figures show how independent and buy-here, pay-here dealers struggled somewhat to maintain retail traction because of inventory limitations. Independent dealers sold 1,490,749 used vehicles in May, a decline of 4.4 percent from ... [Read More]
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