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Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
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

Consumers Continue to Opt for Less Expensive Units, but Average APR Grows

Nick Zulovich
DALLAS — The purchase and financing of an average-priced new vehicle accounted for 23.2 weeks of median family income in the fourth quarter, an improvement of 0.5 weeks, according to Comerica Bank. Consumers spent an average of $700 less, down 3 ... [Read More]

Credit Acceptance Outlines Tender Offer to Purchase Outstanding Common Stock

Nick Zulovich
SOUTHFIELD, Mich. — Explained as a pathway to generate capital to shareholders, Credit Acceptance Corp. recently announced the company commenced a tender offer to purchase up to 1,904,761 shares of its outstanding common stock. Credit Acceptance set the price at ... [Read More]

Provider Exchange Network Solution Now Integrated with F&I Menu Company

Nick Zulovich
TROY, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with F&I menu company, The Impact Group. Officials explained Impact's Fusion Menu now features electronic rating, forms and contract origination via PEN. They went on ... [Read More]

More Captives, Banks Approving Credit-Challenged Customers

Nick Zulovich
BANDON, Ore. — CNW Research discovered that both captives and major banks are tapping into pent-up demand of subprime new-vehicle buyers. Though Art Spinella, of CNW, explained that in comparison to levels prior to the recession, these approvals are still low, ... [Read More]

Prestige Financial Services, www.OnlineBKmanager.com Partner to Assist Subprime Focused Dealers

Nick Zulovich
SALT LAKE CITY — Prestige Financial Services and www.OnlineBKmanager.com recently partnered to boost dealers' ability to efficiently deliver vehicles and supply financing for bankruptcy customers.  Through this alliance, Prestige Financial's dealer partners can receive a unique package discount on www.OnlineBKmanger.com ... [Read More]

Fitch Sees U.S. Auto ABS Asset Performance as Stable Entering 2011

Nick Zulovich
NEW YORK — Fitch Ratings believes that since U.S. auto loan asset-backed securities posted steady results in December, the market is entering 2011 on firm footing. Fitch also contends delinquency and loss performance is currently within range of what it ... [Read More]

Fed: Average New-Car Interest Rates Finally Take Downward Turn

Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve discovered December's average interest rate on new-car loans at auto finance companies moved lower by the largest amount in six months. After climbing higher for five consecutive months, the December average ticked down to ... [Read More]

GM Financial Plans Nationwide Rollout of Leasing Program & Canadian Market Re-Entry

Nick Zulovich
SAN FRANCISCO — After launching a successful prime leasing pilot in Ohio, GM Financial is looking to roll this offering out to the rest of the nation. Additionally, the company is eyeing a re-entry into the Canadian marketplace as well. Kyle ... [Read More]

Navy Federal Kicks Off Auto Buying Program

Nick Zulovich
VIENNA, Va. — Navy Federal Credit Union announced the launch of its auto referral, which is designed to help connect vehicle shoppers with participating dealers. "The program offers members a VIP experience at participating dealerships with prearranged new- and used-vehicle pricing," ... [Read More]

Experian Data Shows Ally Tops 2010 New-Vehicle Financing Volume

Nick Zulovich
DETROIT — Experian Automotive's AutoCount data revealed Ally Financial financed more consumer new-vehicle purchases in the U.S. than any other lender last year. All told in 2010, officials discovered Ally financed more than 803,000 new-vehicle purchases, resulting in nearly $23 ... [Read More]

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