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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

SBA Relaunches Dealer Floor Plan Pilot Loan Program

Nick Zulovich
WASHINGTON, D.C. — U.S. Small Business Administration officials announced at the National Automobile Dealers Association's convention this weekend that a pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships will be relaunched Wednesday. ... [Read More]

Credit Acceptance Finishes 2010 with Strong Income Gains

Nick Zulovich
SOUTHFIELD, Mich. — A continued run of stable returns pushed Credit Acceptance Corp. to significant gains in both consolidated and adjusted net income during the fourth quarter and for all of 2010. First looking at just the fourth quarter, Credit ... [Read More]

Santander Launches Redesigned RoadLoans.com

Nick Zulovich
DALLAS — Announcing that consumers submitted more than 1 million online applications to RoadLoans.com last year, Santander Consumer USA launched an updated version of the website this week. The company explained this next-generation version contains an abundance of online tools geared to ... [Read More]

DealerTrack Finalizes Integration with Porsche North America

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Thursday it completed the integration of its dealer management system with Porsche Cars North America operations and received the automaker's integrated partner certification. As a result of this integration, officials pointed out nearly 200 ... [Read More]

ABI: January Consumer Bankruptcies Drop to Lowest Level in Two Years

Nick Zulovich
ALEXANDRIA, Va. — Along with sharing poll results that feature expectations for the current fiscal year, the American Bankruptcy Institute revealed January consumer bankruptcies decreased 22 percent nationwide from December. Based on data from the National Bankruptcy Research Center, ABI ... [Read More]

Ford Credit Enjoys Profitable 2010, Expects Some Softening This Year

Nick Zulovich
DEARBORN, Mich. — Like its parent, Ford Credit posted a sizable net income gain in 2010. Company officials indicated net income last year came in at $2 billion, an improvement of $0.7 billion from Ford Credit's earnings of $1.3 billion ... [Read More]

Non-prime Boat, RV & Motorcycle Lender Adopts AppOne Platform

Nick Zulovich
BATON ROUGE, La. — A lender that provides boat, RV and motorcycle loans for customers with past credit problems recently joined Wolters Kluwer Financial Services' AppOne platform. Officials explained Merrick Bank works closely with dealers to help them retain valuable ... [Read More]

Ally Financial’s 4Q and 2010 Auto Originations Soar

Nick Zulovich
NEW YORK — Ally Financial's chief executive officer described 2010 as a "transformative" year for the company. And one of its key business segments, Global Automotive Services, showed significant growth in preliminary fourth-quarter and full-year originations in the U.S. and throughout ... [Read More]

Westlake Financial Issues Open Letter to Dealers

Nick Zulovich
LOS ANGELES — Thank you for helping to make Westlake recognized across the industry as a financial leader. We are thankful for your business and helping us grow! We are financially strong and ready to aid you in selling more vehicles and we ... [Read More]

Nicholas Financial Posts Record 3Q Revenue, Earnings

Nick Zulovich
CLEARWATER, Fla. — While Nicholas Financial disclosed earlier this month that the company could be sold, executives highlighted record net earnings and revenue figures for the third quarter. On Thursday, Nicholas Financial revealed net-earnings spikes of more than 50 percent ... [Read More]

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