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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

Nicholas Financial to Remain Standalone Company

Nick Zulovich
CLEARWATER, Fla. — After being approached about potentially being acquired, Nicholas Financial began a strategic review of its business model to decide the best course of action. With the analysis now complete, management revealed the best course of action for shareholders ... [Read More]

BHPH Inventory Costs Continue to Be Major Challenge

Nick Zulovich
HOUSTON — As Ken Shilson, founder of the National Alliance of Buy-Here, Pay-Here Dealers, prepares for the upcoming Dealer Academy and annual conference in mid May, he revealed some early benchmark results to SubPrime Auto Finance News. One of the key trends ... [Read More]

Ford Credit Explains Steep Decline in Net Income

Nick Zulovich
DEARBORN, Mich. — Despite a $77 million net income decrease from the first quarter of last year, Ford Motor Credit's top executive declared Tuesday that the captive continues "to execute the fundamentals of our business well." Ford's financial arm revealed ... [Read More]

Daimler to Set Up India Financial Arm

Nick Zulovich
CHENNAI, India and BERLIN — Daimler AG recently learned it received approval from the Reserve Bank of India to setup a finance company in the country. Executives explained the newly founded company — Daimler Financial Services India Private Limited — ... [Read More]

KAR Looks to Refinance Debt

Nick Zulovich
CARMEL, Ind. — Given the current favorable market conditions, KAR Auction Services announced this morning that it intends to refinance a portion of its indebtedness to allow for a greater flexibility to prepay debt. "The purpose of the planned refinancing is ... [Read More]

DealerTrack Strikes Deal for New Credit Facility to Fund Growth

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced this morning that it has successfully completed a new four-year $125 million revolving secured credit facility, which will be used for future acquisitions and general corporate purposes. The credit facility, which includes a syndicate of ... [Read More]

Honda Finance Breaks Ground on New Regional Office

Nick Zulovich
CHARLOTTE, N.C. — American Honda Finance Corp. celebrated the groundbreaking earlier this week for its new North Carolina regional office. The company indicated its new facility, consisting of 25,000 square feet, will support its growing family of customers in North ... [Read More]

CarHop Opens New Location and Moves Another Store

Nick Zulovich
PORTLAND, Ore. — In addition to moving its store in Arlington, Texas, CarHop announced the grand opening of a new store in Portland, Ore.  This is CarHop's 46th store to open nationwide in its 15-year history. CarHop has now opened stores in 12 ... [Read More]

Finance Express Adds More Dealers, Partners

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently entered into a pair of contracts with dealer solution providers to activate more than 11,000 additional dealers on its lender portal. The two companies now associated with Finance Express are Wayne Reaves ... [Read More]

NCCI Says Lenders Loosen Underwriting

Nick Zulovich
LAKE FOREST, Calif. — Despite production delays for some automakers, new-car sales are rising. And along with it, the number of auto loans originated is growing as more financing becomes available, according to National Creditors Connection. At the same time, credit ... [Read More]

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