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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

Daimler Financial Names New President/CEO for Americas

Tuesday, Jan. 12, 2010, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — After announcing that Klaus Entenmann has become chairman of Daimler Financial Services AG in Berlin, the company named a replacement who will head up the company's Americas division, in addition to other moves. Franz Reiner, the former head of ... [Read More]

Fed: Average APR on Auto Loans at Commercial Banks Lowest on Record

Tuesday, Jan. 12, 2010, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The latest data available from the Federal Reserve reveals that the average interest rate on 48-month new-car loans at commercial banks for November was the lowest figure on record. For November, this number came in at 6.55 percent. ... [Read More]

ABA: Direct, Indirect Auto Loan Delinquencies Show Quarterly Improvement

Tuesday, Jan. 12, 2010, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association recently discovered that delinquencies for both direct and indirect auto loans dropped from the previous quarter. ABA found that direct auto loan delinquencies fell nearly half a point to 2.04 percent from 2.46 percent. ... [Read More]

Vehicle Acceptance, PassTime Enter into Marketing Partnership

Thursday, Jan. 7, 2010, 12:00 AM
Nick Zulovich
DALLAS — Since both companies aim to serve buy-here, pay-here dealers, Vehicle Acceptance Corp. and PassTime chose to form a marketing alliance. The partnership announced earlier this week resulted in a coordinated effort to promote PassTime's starter interrupt and GPS devices ... [Read More]

ABI Reveals Annual Bankruptcy Total, Future Outlook

Thursday, Jan. 7, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute pinpointed just how difficult it's been on consumers by sharing exactly how many filings occurred in 2009 and possible trends for this year. Officials revealed data from the National Bankruptcy Research Center that determined ... [Read More]

AFSA Shares More Details on Annual Conference

Thursday, Jan. 7, 2010, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — As the national economy regains its footing, the American Financial Services Association is gearing its annual conference to give dealers and financial companies specific growth strategies for the rebound. National dealership leaders and top financial company executives are ... [Read More]

CNW: Light Appears at the End of the Almost Decade-Long Repo Hike

Thursday, Jan. 7, 2010, 12:00 AM
Nick Zulovich
BANDON, Ore. — After eight years of steady increases, CNW Research recently reported that combined new and used repossessions eased a bit during the first half of December. While slight, 5.36 percent to 5.26 percent, Art Spinella, of CNW, said this ... [Read More]

TransUnion: Delinquencies Expected to Rise This Year

Tuesday, Jan. 5, 2010, 12:00 AM
Nick Zulovich
CHICAGO — A key macroeconomic element factored greatly into TransUnion's projection that auto loan delinquencies — or borrowers 60 or more days past due — will climb in 2010. Officials explained that if the borrower doesn't have or loses a steady job or source ... [Read More]

Hyundai Capital Chooses Reynolds Contract Solution

Tuesday, Jan. 5, 2010, 12:00 AM
Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds recently revealed that one of its financial contract solutions now will be utilized by Hyundai Capital America. Almost 1,500 dealerships nationwide that sell and service Hyundai and Kia vehicles and finance them through Hyundai Capital ... [Read More]

Wells Fargo Supplies Credit Facility to 1st Franklin

Tuesday, Jan. 5, 2010, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co., closed out 2009 by providing a large revolving credit facility to 1st Franklin Financial Corp. The total amount of the facility was $100 million. "We look ... [Read More]
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