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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

FTC Invites NAF Association President, Hudson Cook Partners to Upcoming Roundtable

Nick Zulovich
HANOVER, Md. — More auto finance experts are set to be a part of the first in a series of upcoming roundtable discussions about consumer protection and more hosted by the Federal Trade Commission. Officials have invited Tommy Moore, Jr., ... [Read More]

Prestige Financial Securitizes $222 Million Loan Portfolio

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services announced it has completed its eighth rated term securitization, issuing about $221.6 in noted backed by about $225.6 in subprime auto installment receivables. Underwritten by J.P. Morgan Securities, the notes were purchased by qualified ... [Read More]

GM Financial Acquires Canadian Leasing Company

Nick Zulovich
FORT WORTH, Texas — General Motors Financial announced this morning that it has agreed to acquire FinanciaLinx Corp., one of the largest independent leasing companies in Canada. Via this deal, GM Financial plans to re-enter the country with lease offerings. While ... [Read More]

CarHop Opens Eighth Store in Minnesota

Nick Zulovich
EDINA, Minn. — A couple of months after opening two more buy-here, pay-here rooftops in Colorado, CarHop continued its expansion last week by adding another store in its home state. CarHop celebrated the grand opening Friday of its eighth store ... [Read More]

World Omni/CenterOne Receives Reaffirmed Strong Rating from S&P

Nick Zulovich
DEERFIELD BEACH, Fla. — Standard & Poor's Rating Services recently reaffirmed its "strong" rating of World Omni Financial Corp. and CenterOne Financial Services LLC. The company said it has maintained this status since 2004. "Maintaining this rating during the exceptionally challenging ... [Read More]

Truth in Lending, Consumer Leasing Acts Amended under Dodd-Frank

Nick Zulovich
McLEAN, Va. — After the Dodd-Frank Wall Street Reform was passed, the Fed has been tasked with two rules expanding the coverage of Regulation Z, or Truth in Lending Act, and Regulation M, the Consumer Leasing Act, to credit transactions and leases of ... [Read More]

Exeter Finance Taps Insurance Tracking Provider

Nick Zulovich
MINNEAPOLIS — Exeter Finance Corp. recently picked its provider for insurance tracking services for the company's auto finance portfolio. Exeter decided to go with van Wagenen Financial Services. Pete Siciliano, senior vice president of servicing at Exeter, explained, "We chose ... [Read More]

J.D. Byrider Chooses Compliance Vendor

Nick Zulovich
LAFAYETTE, Colo. — J.D. Byrider has selected a preferred vendor to provide its 120 locations with facility safety inspections and environmental compliance services. The company will utilize the Multi-Facility Compliance Management Software and Services of KPA for its facilities. "We have implemented ... [Read More]

Auto Loan Performance Again Helps S&P/Experian Credit Default Indices Improve

Nick Zulovich
NEW YORK — Although not to the degree of other consumer credit segments, an improving auto loan performance helped the February S&P/Experian Consumer Credit Default Indices make more positive month-over-month and year-over-year progress. Standard & Poor's and Experian analysts determined that ... [Read More]

PenFed Credit Union Gears Financial Training Partnership Toward Younger Members

Nick Zulovich
ALEXANDRIA, Va. — In an effort to educate its members — especially ones ages 17 to 25 — about how vehicle loans function and other elements of consumer credit, Pentagon Federal Credit Union and the PenFed Foundation formed a partnership ... [Read More]

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