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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

Subprime Used-Vehicle Sales Begin to Rebound, Albeit Still Down Dramatically from 2007

Nick Zulovich
BANDON, Ore. — As of August, the share of used-vehicle sales to consumers with FICO scores under 619 apparently rose to the highest level since March 2008. However, on the new-car side, buyers with a FICO below 619 have risen only ... [Read More]

CPS Announces First Rated Securitization Since 2008

Nick Zulovich
IRVINE, Calif. — On Monday, Consumer Portfolio Services announced the closing of its first rated-term securitization in more than two years. The transaction represents the company's first senior subordinate securitization since 1993, according to management. In the transaction, qualified institutional buyers ... [Read More]

S&P/Experian Say Auto Loan Defaults Continue to Climb

Nick Zulovich
NEW YORK — The Standard and Poor's/Experian Consumer Credit Default Indices discovered that auto loan defaults climbed for the second consecutive month from 1.96 percent in July to 2.05 percent in August. "Except for auto loans, the consumer credit default indices ... [Read More]

NABD Underwriting & Collections Conference to Focus on New Financial Reform, Among Other Topics

Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers finalized agenda reveals that the new Consumer Protection Agency and the impact this will have on BHPH dealers will be a key topic at the upcoming Underwriting and Collection Conference. Featured speakers now ... [Read More]

NVLA to Host Leasing Workshop This Fall

Nick Zulovich
HANOVER, Md. — Topics ranging from lease accounting to Red Flags and social media are on the docket for the National Vehicle Leasing Association's daylong fall workshop. Besides those three subjects, the association's workshop is set to touch on bankruptcy and GPS tracking ... [Read More]

Lenders Protection Partners with AmTrust to Help Credit Unions Approve More Non-Prime Auto Loans

Nick Zulovich
AUSTIN, Texas — Open Lending, the parent company of Lenders Protection, announced it has teamed up with the insurance carriers of AmTrust Financial Services, which will become the insurance provider for the Lenders Protection program. Basically, the program allows credit unions to ... [Read More]

AOL Autos: Credit Unions Try Unique Ways to Re-enter Leasing Business

Nick Zulovich
DETROIT — AOL Autos recently took a look at how credit unions are coming back into the business of leasing vehicles. While the analysis concedes credit unions usually can't compete with heavily subsidized leases put out by automakers, some organizations are ... [Read More]

Friendly Finance, OnlineBKmanager.com Unite on Marketing Plan to Reach Bankrupt Buyers

Nick Zulovich
BALTIMORE — Friendly Finance Corp. and OnlineBKmanager.com are teaming up for a marketing campaign aimed at registering more franchise and independent dealers that often cater to subprime customers who already have filed bankruptcy. Friendly Finance noted that it began work in ... [Read More]

First Investors More than Quadruples Year-over-Year Originations

Nick Zulovich
HOUSTON — Sharing its first-quarter results, First Investors Financial Services announced a decrease in net income largely due to a decline in interest income that was the result of a drop in the average portfolio outstanding, in addition to lower revenues from ... [Read More]

Ally Bank Launches New Marketing Campaign

Nick Zulovich
MIDVALE, Utah — Ally Bank kicked off a new marketing campaign this week that highlights its customers' strong satisfaction with the institution's services. In fact, the new campaign points to the institution's "open dialogue, cutting-edge products and customer-friendly services," according to ... [Read More]

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