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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
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

Experian: Appetite for Risk Grows Double-Digits

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered lenders continued to "increase their appetite for risk" as second-quarter new-vehicle loans for customers with credit outside of prime increased by 22.4 percent when compared to the previous year. In the second quarter, Experian ... [Read More]

Municipal Credit Union Announces Labor Day Auto Loan Sale

Nick Zulovich
NEW YORK — Municipal Credit Union, a New York credit union established in 1916, is running its Labor Day Auto Loan Sale through Monday. Officials said promotions include loan rates as low as 1.95 percent APR for new vehicles and ... [Read More]

Wells Fargo, Fifth Third Bank Pledge Additional $75M to SNAAC

Nick Zulovich
MASON, Ohio — Security National Automotive Acceptance Corp. announced Monday that on top of a previous $200 million commitment, the company has also secured an additional $75 million commitment from Wells Fargo Preferred Capital and Fifth Third Bank. SNAAC noted ... [Read More]

LEAP Financial Expands Headquarters

Nick Zulovich
SAN DIEGO — Fueled by more customers and staff, LEAP Financial, an auto leasing company that helps consumers facing repossession or bankruptcy either keep their vehicle or get a different one, recently expanded its footprint in San Diego. In a ... [Read More]

Northland Reveals New Consumer-Friendly Website, Expanding Social Media Presence

Nick Zulovich
BURNSVILLE, Minn. —Northland Auto Enterprises — creator of used-car leasing program Ren’T’Own — revealed this week the launch of their new website. The site, www.rtolto.com, aims to educate consumers on the potential benefits of used-car leasing and also provides dealers ... [Read More]

Federal Officials: Credit Quality of Large Loan Commitments Improves for Second Consecutive Year

Nick Zulovich
WASHINGTON, D.C. — The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks — which could include accounts such as subprime auto loans — have improved this year for the second consecutive ... [Read More]

Credit Acceptance Announces Finalization of $75M Revolving Secured Warehouse Facility

Nick Zulovich
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $75 million revolving secured warehouse facility with an institutional investor. The company noted that under this facility it will contribute loans to a wholly-owned special purpose entity (SPE), ... [Read More]

TransUnion: Delinquencies Decline for Seventh Consecutive Quarter, Auto Debt Increases Marginally

Nick Zulovich
CHICAGO — According to TransUnion, national auto delinquency rates have not only shown a decline for the seventh consecutive quarter, but also remain at historically low levels. Dropping from .49 percent in the first quarter to .44 percent at the ... [Read More]

Car-Mart Lifts Income 4 Percent, Chairman Falgout to Retire

Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart enjoyed nearly a 4-percent gain in net income in the first fiscal quarter, boosted its sales by almost 7 percent and says its business model is stronger than ever. The company also revealed that its chairman ... [Read More]

Leedom Financial Services Announces Asset Sale to Spartan Financial

Nick Zulovich
SARASOTA, Fla. — Leedom Group recently revealed that Leedom Financial Services has completed a sale of all its performing assets to American Credit Acceptance’s Spartan Financial — which also provides capital solutions to buy-here, pay-here dealers and subprime auto finance ... [Read More]

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