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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

Vehix Taps RoadLoans.com as Preferred Lender

Nick Zulovich
DALLAS — Geared as the next step beyond just getting shoppers to dealers, Vehix recently selected RoadLoans.com as its preferred lender. Now potential buyers can apply for vehicle financing through RoadLoans.com as part of their shopping experience. Consumers shopping at ... [Read More]

Credit Acceptance Reveals Completion of $200.5M Asset-Backed Financing

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $200.5 million asset-backed non-recourse secured financing deal. Per this transaction, the company contributed loans having a net book value of approximately $250.8 million to a wholly-owned special purpose ... [Read More]

Finance Express Adds Preferred Automobile Credit to Portal

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of Web-based financial services and technology for independent dealerships, recently partnered with Preferred Automobile Credit Co., a growing indirect subprime auto finance company. In explaining why Finance Express broadened its lender ... [Read More]

Experian Automotive to Keynote NABD Conference

Nick Zulovich
HOUSTON — One of Experian Automotive’s top experts will be the keynote speaker at the National Alliance of Buy-Here, Pay-Here Dealers’ Conference in November. Director of automotive credit for Experian Automotive Melinda Zabritski will work to dispel the myths of BHPH ... [Read More]

New CarHop Hire to Direct Inventory and Service Strategy

Nick Zulovich
MINNETONKA, Minn. — Buy-here, pay-here dealership chain CarHop announced Wednesday the appointment of a new director of inventory and service strategy. Tapped for the position is Matt Dickinson, who will lead the efforts of the company’s vehicle buying, reconditioning, service ... [Read More]

ABA Spots 2Q Climb in Auto Loan Delinquencies

Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association's latest Consumer Credit Delinquency Bulletin showed auto loan delinquencies were on the rise during the second quarter as were most loan and credit segments. The association discovered that quarter-over-quarter direct auto loan delinquencies ... [Read More]

ABI: 2011 Bankruptcies Down by Double Figures Through Nine Months

Nick Zulovich
ALEXANDRIA, Va. — Boosting claims of an expected year-over-year decline for all of 2011, the American Bankruptcy Institute determined U.S. consumer bankruptcy filings through the first nine months of the year dropped by double digits compared to the same time ... [Read More]

Car-Mart Expands into Mississippi

Nick Zulovich
BENTONVILLE, Ark.— America’s Car-Mart recently revealed its two newest dealerships, one which marks the company’s first store in Mississippi. The two new rooftops, located in Nicholasville, Ky., and Columbus, Miss., bring the company’s store count to 110. William “Hank” Henderson, ... [Read More]

Equifax Says Auto Lending One of the Most Promising Sectors Today

Nick Zulovich
ATLANTA — Rising to levels rarely seen in past three years, Equifax discovered this week that new-loan originations between January and June climbed 15 percent compared to the same period a year ago. At 1.7 million, Equifax indicated June loan ... [Read More]

J.D. Byrider Taps Successful Franchisee as COO

Nick Zulovich
CARMEL, Ind. — This week, J.D. Byrider hired one of its most successful franchisees to serve as the company's chief operating officer. As the owner of five J.D. Byrider franchise locations in Ohio and Pennsylvania, Rob Palmer now will be ... [Read More]

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