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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

TD Bank CEO Happy with U.S. Auto Loan Application Flow, But Says Margins Hurt by Competitive Environment

Nick Zulovich
NEW YORK — TD Bank's president and chief executive officer believes the company made a wise choice when completing the acquisition of Chrysler Financial earlier this year. Now doing business as TD Auto Finance, Bharat Masrani told an investors conference ... [Read More]

GM Financial Reveals New Securitization

Nick Zulovich
FORT WORTH, Texas — To raise more money to fund long-term receivables, General Motors Financial recently announced the pricing of  a $900 million offering of automobile receivables-backed securities. The securities are through lead managers J.P. Morgan, Credit Suisse and Deutsche Bank Securities. Co-managers ... [Read More]

Where Are the Subprime Lenders Today?

Nick Zulovich
LOS ANGELES — By and large, SubPrime Auto Finance News is hearing that indirect auto lending and contract purchasing has loosened up a bit and money is flowing more freely as the economy and industry slowly recovers. Since auto financing ... [Read More]

TCI to Offer Wolters Kluwer Loan Documents to Lender Network

Nick Zulovich
MINNEAPOLIS — Web-based loan origination software company TCI will now offer Wolters Kluwer Financial Services’ Bankers Systems retail contracts and lease agreements through its DecisionLender platform in an effort to simplify the lending process. As a result of this new ... [Read More]

NABD, Subprime Analytics Relocate to New Offices

Nick Zulovich
HOUSTON — Triggered by their industry growth, the National Alliance of Buy-Here, Pay-Here Dealers and Subprime Analytics recently relocated their corporate offices. The organizations are staying in Houston, but now they can be found at: 2180 North Loop West, Suite ... [Read More]

Chase Signs Financing Program Agreements with Two Nameplates

Nick Zulovich
GARDEN CITY, N.Y. — This week, Chase Auto Finance reached loan program agreements with a pair of nameplates — securing arrangements with Fiat and Subaru. Chase expanded its availability to Fiat dealers after the bank began to offer a new ... [Read More]

Veteran Dealer-Focused Legal Experts Unveil Compliance Resource Guide & Subscription Service

Nick Zulovich
TUSTIN, Calif. — With legal regulations often changing and potential dealer pitfalls numerous, Auto Advisory Services announced the availability of a resource guide and subscription service meant to provide dealers and their advisors with access to comprehensive legal information. Going ... [Read More]

Military.com Partners with TrueCar to Offer Vehicle-Buying Service

Nick Zulovich
McLEAN, Va. and SANTA MONICA, Calif. — Military.com, the membership organization that serves active duty personnel in all branches of the U.S. Armed Forces, reservists, guard members, retirees, veterans, family members and defense workers, is now working with TrueCar. The ... [Read More]

New Consumer Protection Bureau Seeks Input on Service Member Auto Loans

Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau announced Wednesday it is seeking input on financial products and services, including auto loans, geared for service members and their families. Also, the nominee to lead the bureau recently made his opening address ... [Read More]

With Activity Climbing on Major Lender Platforms, How Can Dealers Cash In and Ramp Up Approvals?

Nick Zulovich
FARMINGTON HILLS, Mich. — Though the recovery has been stalling and the U.S. credit downgrade from Standard's & Poor's certainly didn't help,  all four major lender platforms — RouteOne, DealerTrack, Wolter Kluwer's AppOne and Finance Express — report to SubPrime ... [Read More]

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