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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

How Did BHPH Dealers Fare in 2009?

Nick Zulovich
HOUSTON — As I reviewed the year-end results of buy-here, pay-here operators throughout the nation, I noticed that 2009 produced some diverse results. Although my analysis (preparatory to compiling the industry benchmarks) is still in progress, here are some preliminary observations: ... [Read More]

Nicholas Financial Highlights 3Q Growth, Expansion Plans

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial posted significant increases in year-over-year growth for both net earnings and revenue during the third quarter and shared plans to expand its footprint in both the Southeast and Midwest. For the fiscal quarterly results, company executives ... [Read More]

Credit Acceptance Begins Its Return to Originations Growth

Nick Zulovich
SOUTHFIELD, Mich. — After reducing loan volume throughout most of 2009, Credit Acceptance has begun to grow its originations. For the fourth quarter, the company posted 7.6 percent growth in unit origination volume and grew originations by 2.1 percent in terms ... [Read More]

DBRS Publishes Final Methodology for Lease Securitizations

Nick Zulovich
NEW YORK — DBRS has released its final rating methodology for U.S. auto lease asset-backed transactions. The company indicated its final methodology does not have any substantive changes from the proposed lease methodology, which was published on Dec. 14 with a ... [Read More]

Dealer, Auction Companies’ Class Action Lawsuit Filed Against Toyota in Missouri

Nick Zulovich
JEFFERSON CITY, Mo. — A class action lawsuit was recently filed in Missouri federal court claiming that dealers and auction companies are "bearing the financial brunt" of Toyota's recent recalls and stop sales order and deserve to be compensated for the ... [Read More]

GMAC Joins DealerTrack Network

Nick Zulovich
DETROIT and LAKE SUCCESS, N.Y. — GMAC Financial Services is being added to DealerTrack's credit application network, the two companies announced late Wednesday afternoon. The lender said teaming up with DealerTrack will help expand its customer base, as GMAC will have ... [Read More]

Fed: Average APR on Auto Loans Softens in December

Nick Zulovich
WASHINGTON, D.C. — The latest data available from the Federal Reserve showed the average interest rates for new-car loans at auto finance companies declined in December after moving upward the month before. More specifically, the Fed calculated the average interest rate ... [Read More]

MVTRAC Reveals New Brand Approach

Nick Zulovich
PALATINE, Ill. — Executives recently revealed a new branding strategy that aligns City Auto Recovery Services, International Intelligence Agency and MVTrac. The new organization now will be known as MVTRAC and plans to continue providing vehicle intelligence networks for law enforcement, auto ... [Read More]

DBRS Produces Final Rating Methodology

Nick Zulovich
NEW YORK — DBRS has published its final rating methodology for U.S. wholesale auto loan asset-backed transactions. The company indicated its final methodology does not have any substantive changes from the proposed wholesale loan methodology, which was published on Oct. 21 ... [Read More]

Auto Affordability Shows 4Q Drop in Post-CARS Market

Nick Zulovich
DALLAS — Thanks largely to end of CARS, auto affordability took a significant hit in the fourth quarter of 2009, as it required 23 weeks of median family income to buy and finance an average-priced new vehicle, according to Comerica Bank's ... [Read More]

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