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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

CNW Reports FICOs for New and Used Buyers Are Up

Nick Zulovich
BANDON, Ore. — CNW Research reported today that the average FICO score for used buyers came in at 622.17 in the opening weeks of September. Meanwhile, on the new-car side, the company said the average FICO score was 691.37. Discussing the ... [Read More]

BMW Financial Services Launches Mobile Website

Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Financial Services announced this week its customers will now have the ability to manage their accounts via their smartphones. After a secure log-in, captive finance customers can now make payment or obtain a payoff quote, ... [Read More]

BHPH Market Growth Sparks Pelican Resource Group’s New Programs & Expansion

Nick Zulovich
CHERRY HILL, N.J. — Steady growth of acquisition and buy-here, pay-here portfolios pushed Pelican Resource Group to launch new bulk and point of sales purchase programs as well as the rollout of a national expansion and a new West Coast ... [Read More]

Navigator Reveals $40 Million Sale of Subprime Portfolio

Nick Zulovich
ATLANTA — Navigator Holdings recently revealed the sale of nearly $40 million in subprime, asset-backed loans. Company president Bobby Lazenby explained the sale of the subprime automobile loan portfolio comes as an increasing number of investors look to build balance sheets ... [Read More]

DealerTrack to Host Free Webinar to Cover Compliance Issues

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will be offering a free Webinar tomorrow to discuss critical compliance issues dealerships face in today’s market. The Webinar, scheduled for 2 p.m. ET, will be hosted by DealerTrack compliance counsel Randy Henrick. The event ... [Read More]

First Investors Generates Record First-Quarter Earnings

Nick Zulovich
HOUSTON — Sparked by strong loan origination growth, First Investors Financial Services Group's 2012 fiscal year got off to a rousing start as the company posted its best-ever quarterly net income level. The company recently revealed its net income soared ... [Read More]

S&P/Experian: Auto Loan Defaults Edge Higher

Nick Zulovich
NEW YORK — Contrary to the composite reading, the auto loan portion of the S&P/Experian Consumer Credit Default Indices ticked higher last month. Data released Tuesday by S&P Indices and Experian showed vehicle loan defaults moved up to 1.31 percent ... [Read More]

CUDL Reveals Android Version of AutoSMART Mobile App

Nick Zulovich
WASHINGTON, D.C. — After releasing its new CUDL AutoSMART app for the Apple iPhone, iPad and iPod Touch last summer, the credit union lending services company has revealed its application is now compatible with  Android mobile smart phone and devices, ... [Read More]

AFSA, Other Associations Join Effort to Keep Vicarious Liability out of Leasing & Rental Industry

Nick Zulovich
WASHINGTON, D.C. — The titleholder of a rented or leased vehicle could be back in the crosshairs of vicarious liability should a provision to the Graves Law be repealed. That's why the American Financial Services Association recently was joined by ... [Read More]

LEAP Financial Expands Management Team to Accommodate Growth

Nick Zulovich
SAN DIEGO — LEAP Financial revealed this week it is expanding its management team to accommodate recent growth. New members of the executive team include Brian Bailey, senior vice president of strategy and originations; Gary Flowers, senior vice president of ... [Read More]

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