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Agora Data’s Matt Burke on becoming NAF Association president
Friday, Jun. 19, 2026, 01:00 AM
Agora Data’s Steve Burke was one of the founders of the National Automotive Finance Association 30 years ago. Now in 2026, Steve Burke’s son, Matt, not only is a top executive at Agora Data, but he is also now president ... Listen Here
Experian’s Melinda Zabritski discusses ongoing stretching of terms
Friday, Jun. 12, 2026, 09:35 AM
The latest appearance on the Auto Remarketing Podcast by Melinda Zabritski, Experian’s head of automotive financial insights and Automotive Intelligence Award recipient, focused on auto-loan terms, which oftentimes are at least 72 months nowadays. Zabritski also compared a data point ... Listen Here
Forming the Transport Queens with Amber Gosney of SYCN Auto Logistics
Tuesday, Jun. 2, 2026, 01:30 PM
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GMAC Shows 3Q Strength in Auto Financing Business

Thursday, Nov. 5, 2009, 12:00 AM
Nick Zulovich
NEW YORK — Boosted by originations returning to more normal levels, credit improvements and used-car prices, GMAC reported this week that it global auto finance business had a third-quarter pre-tax income from continuing operations of $395 million, compared to a pre-tax ... [Read More]

AmeriCredit Announces $227 Million Asset-Backed Securitization

Tuesday, Nov. 3, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Late last week, AmeriCredit Corp. announced the pricing of a $227 million offering of automobile receivables-backed securities, which are part of the AmeriCredit Prime Automobile Receivables Trust program. Basically, APART represents loans that have been originated via ... [Read More]

NAF Association Adopts New Lending Term

Tuesday, Nov. 3, 2009, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association announced it will be using one term to standardize the various levels of financing for its members. The newly coined "below-prime" will be used by the organization to help avoid confusion when discussing ... [Read More]

FTC Delays Red Flags Enforcement Again

Tuesday, Nov. 3, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Prompted by Congress, the Federal Trade Commission has again pushed back its enforcement of the Red Flags Rule until June 1 for financial institutions and creditors that fall under its jurisdiction. FTC enforcement of the rule — which was ... [Read More]

Ford Credit Shows Strong 3Q Profit Growth

Tuesday, Nov. 3, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Boosted by lower depreciation expenses on leased vehicles, Ford Motor Credit Co. posted a year-over-year net income increase of $332 million during the third quarter, based on preliminary data. Specifically, Ford Credit's quarterly net earnings were $427 million, compared with $95 million ... [Read More]

Mint Leasing Renews Credit Line to Further Expand Leasing Portfolio

Thursday, Oct. 29, 2009, 12:00 AM
Nick Zulovich
HOUSTON — Mint Leasing announced today that it has renewed its credit line with Sterling Bank of Houston. Basically, the company entered into a modification, renewal and extension for the amount of $29.2 million. The maturity date of the line of ... [Read More]

GMAC Seeks Further Government Aid, Comes to Market with FDIC-Backed Bond Offering

Thursday, Oct. 29, 2009, 12:00 AM
Nick Zulovich
DETROIT — In addition to the Treasury Department confirming that GMAC Financial Services is looking for a third round of government aid, the bank announced Wednesday that it is offering $2.9 billion of FDIC-guaranteed three-year bonds. Basically, officials said the bond ... [Read More]

Copart Adds DSC Floor Planning to Site to Increase Members’ Purchasing Power

Thursday, Oct. 29, 2009, 12:00 AM
Nick Zulovich
FAIRFIELD, Calif. — Copart announced it has now integrated Indiana-based Dealer Service Corp. into its Web site to give its members easier access to floor planning and ultimately more purchasing power. Via this integration, Copart members can now access their DSC ... [Read More]

Wells Fargo: Auto Finance Business Continues to Gain Market Share

Thursday, Oct. 29, 2009, 12:00 AM
Nick Zulovich
SAN FRANCISCO — During the company's recent third-quarter conference call, Wells Fargo chief financial officer Howard Atkins pointed out that the auto finance business has been gaining market share in both new and used auto loan originations. In fact, the company ... [Read More]

Capital One Continues to Reduce Auto Loans

Tuesday, Oct. 27, 2009, 12:00 AM
Nick Zulovich
McLEAN, Va. — Sharing its third-quarter results late last week, Capital One announced that its auto loans declined further due to earlier efforts to "retrench and reposition" its auto finance business. More specifically, loans declined by $667.3 million, or 3.3 percent, ... [Read More]

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