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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

Huntington Doubles Market Share in Several States

Nick Zulovich
COLUMBUS, Ohio — Huntington executives revealed Tuesday they've doubled their market share since this time last year in four of the six states that encompass their auto lending footprint, including Ohio, Indiana, Kentucky, Michigan and Pennsylvania. Furthermore, the company also announced ... [Read More]

Westlake Financial Unveils Prime Program

Nick Zulovich
LOS ANGELES — Based on extensive dealer customer feedback, Westlake Financial Services rolled out a prime lending program this week meant to augment its offerings that are mainly geared for buy-here, pay-here stores and subprime buyers. The newest offering, the Titanium Program, is ... [Read More]

Southern Calif. Auto Lender Gains Credit Facility from Wells Fargo

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital recently provided a revolving credit facility to K STReet Finance, a indirect auto finance lender that serves dealerships in southern California. Officials said the total amount of the credit facility came in at ... [Read More]

AmeriCredit Puts Shareholders on Notice Regarding Upcoming GM Merger

Nick Zulovich
FORT WORTH, Texas — Due to the impending merger of AmeriCredit  and General Motors, the auto lender announced that it has designated Oct. 1 as the anticipated effective date of the Make-Whole Fundamental Change for notes due to the merger. Basically, ... [Read More]

Chrysler Strikes Deal with U.S. Bank to Offer More Leasing Options, Launches New Round of Incentives

Nick Zulovich
AUBURN HILLS, Mich. — On Wednesday, Chrysler Group announced a new deal with U.S. Bank to offer customers more lease options for its lineup of select 2010 Chrysler, Dodge and Jeep models. Through this new agreement, customers now have two leasing ... [Read More]

Fed: Several Auto Loan Averages Reach July YTD Extremes

Nick Zulovich
WASHINGTON, D.C. — Likely fueled by automakers' heavy use of incentives connected to APR, the Federal Reserve revealed the average interest rate on new-car loans at auto finance companies hit the lowest point of the year in July. Federal officials computed ... [Read More]

Las Vegas-Based Finance Company Goes with LoanPlus GPS

Nick Zulovich
KNOXVILLE, Tenn. — ProconGPS revealed the decision this week about how a Las Vegas-based finance company that primarily purchases contracts from buy-here, pay-here dealers chose to use its asset management system. Company officials indicated they plan to deploy a customized version ... [Read More]

FICO: Bankers Show Negative Outlook on Auto Loan Sector

Nick Zulovich
MINNEAPOLIS — In a quarterly survey of bank risk professionals, FICO discovered that while pessimism among these executives remain, apparently things are getting better as the results are less negative than the second quarter. Looking specifically at bank risk officers who specialize ... [Read More]

Auto Funding Services Partners with Another Lead-Generation Provider

Nick Zulovich
SAN RAMON, Calif. — In an effort to better reach all parts of the non-prime market, Auto Funding Services recently partnered with BlueSky Marketing Group. The partnership means not only is AFS integrated with BlueSky's leads platform known as Real Leads, ... [Read More]

Incentives Appear to Be Driving Consumer Response

Nick Zulovich
BANDON, Ore. — In July, thanks to very strong incentives, including special lease deals and used-car trade-in promotions, two automakers smashed through the average industry sales increase of 6.8 percent. While August sales were down significantly year-over-year, many analysts are pointing ... [Read More]

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