A Look Back at Last Two Decades of the Used-Car Industry in Canada
In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here
Thursday, Sep. 18, 2025, 02:32 PM
SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management
In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here
Thursday, Sep. 11, 2025, 04:33 PM
Experian on how much auto refinancing is gaining traction
Melinda Zabritski, Experian’s head of automotive financial insights, said consumers are looking for ways to secure more favorable vehicle financing terms, especially with interest rates leveling out and perhaps a cut coming next week from the Federal Reserve. The base ... Listen Here
Thursday, Sep. 11, 2025, 01:53 PM
Saab Dealers to Continue Relationship with GMAC
Tuesday, Mar. 16, 2010, 12:00 AM
Nick Zulovich
DETROIT — Now an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as its preferred provider of wholesale and retail financial services for its qualified Saab dealers and customers throughout the world. The automaker's dealers already ... [Read More]
J.D. Byrider Names VP of Franchise Operations
Tuesday, Mar. 16, 2010, 12:00 AM
Nick Zulovich
CARMEL, Ind. — Late last week, J.D. Byrider announced it has hired a new executive to serve as vice president of franchise operations. Hired for this position is Thomas Welter, who will be responsible for "maximizing unit profitability by strengthening the ... [Read More]
DealerTrack to Host Another Free Compliance Webinar
Thursday, Mar. 11, 2010, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will be hosting a Webinar on Tuesday to discuss what the company highlighted as five critical compliance issues that can pose liability risks for dealers. The five points that are to be covered during the sessions ... [Read More]
Decreased Charge-offs, Strong Inventory Management Spark Car-Mart’s Revenue, Sales Performances
Thursday, Mar. 11, 2010, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here auto group America's Car-Mart enjoyed strong revenue and retail sales improvements along with decreases in charge-offs during both its fiscal third quarter and nine-month time spans. In the third quarter that wrapped up Jan. 31, Car-Mart ... [Read More]
Experian: Subprime Auto Loans on Used Vehicles Grow
Thursday, Mar. 11, 2010, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill — While most new-car loans fall into the prime credit category, an Experian Automotive executive recently pointed out that loans for subprime customers are still out there, particularly in the used-vehicle market. "While the lion's share of the new-car ... [Read More]
GMAC CFO Leaving for Private Equity Firm
Thursday, Mar. 11, 2010, 12:00 AM
Nick Zulovich
DETROIT — In a SEC filing this week, GMAC reported that chief financial officer Robert Hull has decided to leave the company at the end of March. GMAC said in the SEC filing it will conduct an internal and external search ... [Read More]
DRN Offers Financing for Recovery Agencies
Tuesday, Mar. 9, 2010, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Digital Recognition Network recently entered into a partnership with newly created DRN Financial in order to offer affordable financing terms to repossession-related companies that wish to acquire its license plate recognition technology. Officials believe that the new financing ... [Read More]
ABI: 2009 Bankruptcy Totals Rise Significantly
Tuesday, Mar. 9, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute recently shared data from the Administrative Office of the U.S. Courts that confirmed a sharp rise in total bankruptcy filings last year. The 2009 bankruptcy total jumped 32 percent over the figure recorded for ... [Read More]
Fitch: Seasonality Drives Up Prime Auto ABS Losses
Tuesday, Mar. 9, 2010, 12:00 AM
Nick Zulovich
NEW YORK — Fitch Ratings recently reported that seasonal weakness pushed up U.S. prime auto loan asset-backed securities' losses slightly higher in January, compared to prior months. However, the company did share some good news. Despite high unemployment and pressure on ... [Read More]
Fed: Average Interest on Auto Loans Crept Higher
Tuesday, Mar. 9, 2010, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — After remaining low for much of 2009, the average interest rate on new-car loans at auto finance companies crept up to 3.94 percent in January of this year, according to the Federal Reserve. This is the highest level ... [Read More]
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