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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

Chase Reaches Settlement with OCC

Nick Zulovich
WASHINGTON, D.C. — SubPrime Auto Finance News learned Wednesday that JP Morgan Chase & Co. has settled some challenges raised by the Office of the Comptroller of the Currency over its auto finance credit tactics and credit tactics at two other ... [Read More]

DBRS: Auto ABS Performance Outshines Other Investment Segments During Recession

Nick Zulovich
NEW YORK — Evidently the portfolio assembled by auto lenders during the past five years generated stronger returns for Wall Street investors than other possibilities such as home mortgages. That's according to the assessment offered by DBRS in its latest ... [Read More]

Vehicle Acceptance Joins the NIADA National Member Benefit Program

Nick Zulovich
DALLAS — This week, Vehicle Acceptance Corp. joined the National Member Benefit Program orchestrated by the National Independent Automobile Dealers Association. The alignment is geared to provide association members with preferred access to capital and a professional collection efforts. VAC ... [Read More]

Maserati North America Picks Ally Financial as Preferred Finance Source

Nick Zulovich
ENGLEWOOD CLIFFS, N.J. — Maserati North America recently tapped Ally Financial to be its official preferred financing provider for brand vehicles in the U.S. and Canada. The luxury automaker indicated Ally will offer wholesale financing and insurance for dealers and ... [Read More]

J.D. Byrider Opens First Arkansas Dealership

Nick Zulovich
NORTH LITTLE ROCK, Ark. — J.D. Byrider announced late last week that it is opening a new dealership, the company’s first in Arkansas. The new 25,000-square-foot store is located in Sherwood, Ark., and offers on-site financing, used-car sales, a service ... [Read More]

ABI Poll: One Director for Consumer Protection Bureau More Effective than Board

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute recently asked visitors to its website if the new Consumer Financial Protection Bureau would be more effective run by one director or a five-member board. Results from the ABI Quick Poll showed a ... [Read More]

TD Auto Finance Brand Now Funding Dealers & Customers

Nick Zulovich
FARMINGTON HILLS, Mich. — TD Bank Group held a special celebration late last week in Michigan to officially announce the launch of its North America auto lending brand, TD Auto Finance.  Moreover, the company is already apparently 25 percent ahead ... [Read More]

ABI: May Consumer Bankruptcies Fall Double Digits

Nick Zulovich
WASHINGTON, D.C. — May saw a considerable downfall in consumer bankruptcies both month-over-month and year-over-year, according to the American Bankruptcy Institute. Sliding by 16 percent year-over-year, data from the National Bankruptcy Research Center showed that May's overall consumer filings totaled ... [Read More]

GM Financial Unveils $1 Billion Senior Subordinate Asset-Backed Securitization

Nick Zulovich
FORT WORTH, Texas — Soon after word spread about an upcoming dealer floor plan program, GM Financial this week revealed pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities. ... [Read More]

Vehicle Acceptance Reveals New Branch

Nick Zulovich
DALLAS — Citing strong demand, Vehicle Acceptance Corp. announced it is bringing its buy-here, pay-here services to a new office in the Northwest. VAC entered the Portland, Ore., market last year in anticipation of the branch opening, management explained. "We ... [Read More]

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