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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

First Investors Enjoys 2Q Gains, Returns to Direct Lending and Acquires Portfolio

Nick Zulovich
HOUSTON — First Investors Financial Services made strong strides in several facets of its balance sheet — including net income and loan origination volume — during its fiscal second quarter that wrapped up Oct. 31. Company officials revealed that they generated net income ... [Read More]

Finance Express, Tidewater Motor Credit Partner

Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Executives from Finance Express and Tidewater Motor Credit recently finalized a partnership to broaden the indirect subprime automotive finance company's Web-based services and technology for independent dealerships. "The relationship with Finance Express aligns with TMC's vision ... [Read More]

CNW: Subprime Approvals Continue Growth, Bolstering Overall Sales Totals

Nick Zulovich
BANDON, Ore. — As time passes, more and more consumers with lower credit ratings are finding they can get approval to purchase vehicles, which is helping to bolster the overall sales totals, CNW Research recently revealed. In fact, Art Spinella, president ... [Read More]

RouteOne Offers Dealers Free Risk-Based Pricing Notice

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it is now offering dealers a complimentary Risk-Based Pricing Notice tool to assist in compliance with the Risk-Based Pricing Rule issued jointly by the Board of Governors of the Federal Reserve System and ... [Read More]

Experian Sees Loan Access Thawing for Non-prime, Subprime Buyers

Nick Zulovich
SCHAUMBURG, Ill. — Automotive lending activity might be gaining some momentum — especially in the non-prime and subprime spaces — based on the latest data available from Experian Automotive. For both new- and used-vehicle contracts, Experian found loans to non-prime and subprime customers increased by healthy margins ... [Read More]

Fed: New-Car Loan Interest Rate Climb Continues

Nick Zulovich
WASHINGTON, D.C. — The string of jumps in the average interest rate on new-car loans at auto finance companies continued for the fourth month in October, according to the Federal Reserve. Officials discovered the October average jumped to 4.52 percent, the highest ... [Read More]

Edmunds.com Says Fewer Credit-Challenged Consumers Financed New Vehicles in November

Nick Zulovich
SANTA MONICA, Calif. — When it comes to new-vehicle sales, subprime borrowers made up a smaller percentage of these sales in November than the rest of the year, according to Edmunds.com. The percentage of new cars financed at a subprime rate, ... [Read More]

The Price Tag to Communities Where There Are Curbstoners Can Be Thousands

Nick Zulovich
BIRMINGHAM, Ala. — StopCurbstoning.com recently analyzed the financial impact of curbstoning, using a California case as an example. The California DMV recently concluded an investigation into this type of illegal vehicle selling which led to a felony arrest on 12 counts ... [Read More]

Midwestern Marine, RV Lender Goes with AppOne Platform

Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services recently revealed a Midwestern lender who caters to marine and RV dealers has chosen to use its AppOne platform. Now utilizing the solution is Source One Financial Services, a marine and RV loan ... [Read More]

ABI: November Bankruptcy Filings Drop by Double Digits

Nick Zulovich
ALEXANDRIA, Va. — The number of U.S. consumer bankruptcy filings finally made some significant downward movement in November, according to data collected and posted by the American Bankruptcy Institute. On a month-over-month comparison, November filings actually dropped by 13.3 percent to ... [Read More]

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