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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

Westlake Expects Auction Prices on Older Models to Remain Strong

Nick Zulovich
LOS ANGELES — Bill Walters, vice president of remarketing at Westlake Financial Services, recently summed up some of the trends his company has been witnessing in the market. While the industry as a whole has been seeing higher prices in the ... [Read More]

Exeter Adds Chief Marketing Officer

Nick Zulovich
IRVING, Texas — Exeter Finance Corp. announced this week that it has appointed an industry veteran to serve as its executive vice president and chief marketing officer. Taking on this position is Elizabeth Webb. She will oversee new business development, brand ... [Read More]

Fed: Average New-Car Interest Rate Average Moves Higher Still

Nick Zulovich
WASHINGTON, D.C. — The upward march by the average interest rate on new-car loans at auto finance companies reached five months in a row in November, according to the Federal Reserve. Officials indicated the November average crept up to 4.63 percent ... [Read More]

DealerTrack to Acquire triVIN Holdings

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack Holdings revealed Monday it has signed an agreement to acquire triVIN Holdings, a provider of title management services to lenders and vehicle registration services to dealers.  DealerTrack executives said they will pay approximately $131 million, net ... [Read More]

ABI: 2010 Consumer Bankruptcy Filings Soar Past Previous Year’s Total

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute tallied up total U.S. consumer bankruptcies for 2010 and found a rise of 9 percent from the previous year. According to data from the National Bankruptcy Research Center, ABI revealed overall consumer filings for ... [Read More]

Mercedes-Benz Financial Completes First Phase of Instant Contract Validation Rollout

Nick Zulovich
FARMINGTON HILLS, Mich. — Mercedes-Benz Financial Services shared an update Thursday about its eStrategy initiative — a process to boost the number of franchise dealers that are eligible to integrate a full electronic contract data validation system into their dealer management system. ... [Read More]

GWC Warranty, Tidewater Motor Credit Partner to Benefit Dealers & Used-Vehicle Buyers

Nick Zulovich
AVOCA, Pa. — A recent partnership between GWC Warranty Corp. and Tidewater Motor Credit means the subprime lender can now offer exclusive vehicle service contracts through its dealers to give used-vehicle buyers that added peace as mind, as well as an ... [Read More]

Fitch Calls Auto ABS Market Uncharacteristically Stable

Nick Zulovich
NEW YORK — Reporting on November results just before the holidays, Fitch Ratings said the strong momentum in the used-vehicle market continues to buck seasonal norms, leading to "uncharacteristically stable" auto asset-backed collateral performance. Going into the first quarter of 2011, ... [Read More]

CPS Finalizes Two Financing Deals

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services revealed just before 2010 wrapped up that it closed a follow-on senior secured financing with an affiliate of Levine Leichtman Capital Partners. Executives said CPS received $20 million in incremental debt capital. They also indicated ... [Read More]

Car-Mart Opens Two Additional Stores

Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart announced Monday it has opened two new dealerships located in Tullahoma, Tenn., and Winchester, Ky. "We are pleased to announced the opening of our third location in Tennessee and our ninth location in Kentucky," said William ... [Read More]

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