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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

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]

Finance Express Receives First U.S. Patent

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express revealed this week that it received confirmation about its first patent from the U.S. Patent and Trademark Office. In connection with its Web-based financial services and technology for independent dealerships, company executives said ... [Read More]

Michigan First Credit Union Debuts Online Showroom

Nick Zulovich
LATHRUP VILLAGE, Mich. — Michigan First Credit Union has rolled out a new website where shoppers can research vehicles, schedule test drives, get price quotes, obtain vehicle financing and purchase vehicles. The "Member Showroom" can be accessed by the general public ... [Read More]

Colorado Credit Union, Dealership Launch Educational Website

Nick Zulovich
GREENWOOD VILLAGE, Colo. — Colorado-based Bellco Credit Union has teamed up with longtime partner Automotive Avenues — what officials called the largest credit union-endorsed dealership in Denver — to create a new website that can teach and offer advice to car shoppers about ... [Read More]

Santander Offers Second Mobile App for RoadLoans

Nick Zulovich
DALLAS — Santander Consumer USA has rolled out a free mobile application for its RoadLoans.com site that is compatible with Android smartphones. This is the second free mobile RoadLoans.com app that Santander has launched, as it debuted the iPhone in January. As ... [Read More]

CNW: Subprime Approvals Continue Hike

Nick Zulovich
BANDON, Ore. — Subprime approvals in March showed gains for the used- and new-vehicle sides of the market, according to the latest analysis from CNW Research, which said this uptick in approvals follows what has been the trend during the last ... [Read More]

Westlake Hits $1B in Total Receivables, Plans More Growth

Nick Zulovich
LOS ANGELES — Westlake Financial Services discovered this week that its portfolio containing more than 150,000 accounts reached a new threshold in total receivables. As of March 11, company officials say this level hit $1 billion — a milestone they ... [Read More]

Fed: Loan-to-Value Ratio, Average Amount Financed Drop to Noteworthy Lows

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve's January update on averages for new-vehicle loans by finance companies revealed a few noteworthy trends, including how far both the loan-to-value ratio and the average amount financed have sunk. Officials reported that January's ratio dropped to 80 ... [Read More]

DealerTrack Sets Lender Milestone

Nick Zulovich
LAKE SUCCESS, N.Y. — The number of active lenders now connected to DealerTrack's credit application network has now reached 1,000 U.S. lenders. The network has now grown from five lenders back in 2001 to 1,000 today. "The DealerTrack credit application network ... [Read More]

KBB Taps BoA for Prime and Car.com for Subprime Auto Financing to Help Online Shoppers

Nick Zulovich
IRVINE, Calif. — In addition to revealing some auto financing trends, Kelley Blue Book announced it has teamed up with Bank of America and Autobytel's Car.com to provide shoppers with prime and non-prime finance options via Kbb.com. Thanks to the BoA ... [Read More]

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