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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

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]

S&P/Experian Index Shows More Improvement in Auto Loan Defaults

Nick Zulovich
NEW YORK — While Standard & Poor's and Experian noticed defaults rising for first and second mortgages, officials spotted continued positive gains for auto loans. Based on data through November 2010, the S&P/Experian Consumer Credit Default Indices showed auto-loan defaults dropped ... [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]

TransUnion Reports a 10-Percent Seasonal Jump in Auto Loan Delinquencies

Nick Zulovich
CHICAGO — In its quarterly analysis, TransUnion discovered that the 60-day national auto loan delinquency rate climbed 9.4 percent from the second to third quarter, largely due to seasonal shifts. The delinquency rate came in at 0.58 percent, which on the ... [Read More]

Happy Holidays from SubPrime Auto Finance News

Nick Zulovich
CARY, N.C. — After today's e-newsletter, SubPrime Auto Finance News will be going dark until the new year to give the staff time to celebrate the holidays with our families. SubPrime News Update will pick back up Tuesday, Jan. 4. After ... [Read More]

CoreLogic Credco Now Provides Free Risk-Based Credit Score Disclosure

Nick Zulovich
SANTA ANA, Calif. — CoreLogic Credco announced this week that it is now providing the credit score disclosure exception to the risk-based pricing notice free of charge to all participating auto, RV and marine dealers automatically with every credit report ordered. ... [Read More]

DealerTrack Helps Dealers Prepare for Risk-Based Pricing Compliance

Nick Zulovich
LAKE SUCCESS, N.Y. — This week, DealerTrack launched free additions to its performance suite meant to enable dealers to comply with the Federal Trade Commission's new risk-based pricing rule, which goes into effect on Jan. 1. Company officials said the enhancements ... [Read More]

GM Financial Unveils Strategic & Operational Overview

Nick Zulovich
FORT WORTH, Texas — In its Strategic and Operational Overview released this month, GM Financial revealed its near-term initiatives include continuing to grow its core subprime business, as well as expanding its product line for General Motors dealers, such as ... [Read More]

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