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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

Prestige’s Seagrave Takes on New Position with AFS Acceptance

Nick Zulovich
FORT LAUDERDALE, Fla. — After spending five years as senior vice president of loan originations at Prestige Financial in Salt Lake City, Scot Seagrave has a new position with a different company. Seagrave has been hired by AFS Acceptance, a ... [Read More]

Manheim: Wholesale Price Conditions Hit BHPH Dealers Hard & More Financing Trends Revealed

Nick Zulovich
ATLANTA — When Manheim considered the buy-here, pay-here market when compiling its annual Used Car Market Report — Mid-Year Edition, chief economist Tom Webb discovered these stores have been especially impacted by high wholesale prices. Webb insisted BHPH dealers have to ... [Read More]

Nicholas Financial: 1Q Net Earnings Soar Nearly 50 Percent

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently revealed its first quarter results, highlighting a set of substantial increases for both earnings and revenue. Net earnings for the three months came in at $5.303 million, marking a 48 percent increase from the ... [Read More]

Credit Acceptance Reveals 2Q Earnings, Loan Performance

Nick Zulovich
SOUTHFIELD, Mich. — Although its second-quarter net income slipped year-over-year, Credit Acceptance Corp., watched that financial reading climb when looking at its performance through the first six months of 2011. Credit Acceptance reported Monday that its second-quarter consolidated net income ... [Read More]

Ally: Used U.S. Originations Spike 74 Percent, While Leasing Jumps 155 Percent Over 2010

Nick Zulovich
NEW YORK — Reviewing Ally Financial's preliminary second-quarter results, SubPrime Auto Finance News discovered its auto originations growth was driven in large part by stronger used originations and leasing volume in the U.S., which spiked 74 percent and 155 percent, respectively. ... [Read More]

NCM’s Carmichael Identifies Crucial Decision Dealers Must Make When Entering BHPH Market

Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates' Brent Carmichael pinpointed what he believes is the No. 1 decision any dealer principal needs to make before venturing into or expanding in the buy-here, pay-here market. Carmichael — NCM's executive conference moderator who ... [Read More]

Equifax: Subprime Lending on the Rise

Nick Zulovich
ATLANTA — According to its most recent report on consumer credit trends, Equifax discovered several signs that the credit cycle is moving towards stabilization and growth, while subprime lending is also increasing in the auto, bankcard and consumer finance segments. Auto loan originations, in particular, ... [Read More]

J.D. Power Reveals Top Lenders Based on Dealer Satisfaction

Nick Zulovich
WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered dealer satisfaction with automotive financing lenders has increased notably this year with improvement by certain banks outpacing gains by captive lenders, particularly in the prime retail credit space. Assertions in J.D. ... [Read More]

Survey: Auto Tops 2010 Consumer Complaints

Nick Zulovich
WASHINGTON, D.C. — Auto and credit/debt came in as Nos. 1 and 2 in top 2010 consumer complaints, according to a new survey out this week. And interestingly, Internet sales came in at No. 6, with one of the key ... [Read More]

Ford Credit Shows Steep Decline in Charge-Offs

Nick Zulovich
DEARBORN, Mich. — In reporting its second quarter results, Ford Credit revealed that charge-offs have decreased significantly. For the quarter, total charge-offs came in at $41 million, compared to $86 million in the same period of 2010. Breaking it down even ... [Read More]

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