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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

Nicholas Financial Expands Credit Line, Opens New Office

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that the company has reached a new agreement with its consortium of lenders to increase the size of its credit line from $115 million to $140 million. The new contract extends the maturity date ... [Read More]

DealerTrack to Host Webinar Tomorrow on Compliance, Online Marketing Strategies

Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack will host a free Webinar for dealers covering compliance and online marketing strategies on Jan. 20. The online seminar will highlight best practices for developing a program to minimize identity theft and compliance risks that can ... [Read More]

Experian Provides iScreen to Northern California Lender

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive recently entered into a working relationship with a lender based in northern California. The deal's intention is to provide enhanced credit prescreen services for dealers' marketing materials. Experian's solution, iScreen, now will be utilized by Western ... [Read More]

RouteOne Completes Integration with Subprime Lender

Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that it has completed integration with independent subprime lender Nationwide Acceptance Corp. Dealers in all of the markets served by Nationwide can now process credit applications electronically to Nationwide through the RouteOne platform. Basically, ... [Read More]

Compli Plans Webinar to Discuss Wage-Hour Compliance

Nick Zulovich
PORTLAND, Ore. — Compli, a compliance management software provider, is orchestrating a Webinar about a business element the company believes dealers might be overlooking. The upcoming event will focus on wage-hour compliance. Compli has scheduled the Webinar for Jan. 27 beginning ... [Read More]

High Unemployment to Continue to Impact Auto ABS Performance

Nick Zulovich
NEW YORK — High unemployment rates throughout 2010 will continue to apply pressure on gross losses on auto loan transactions, according to DBRS. Basically, DBRS drew a connection between unemployment and credit performance, saying this relationship has continued during the "economic ... [Read More]

Experience Helps Longtime Dallas-Area BHPH Dealer Through Supply Pinch

Nick Zulovich
DALLAS — Chacon Autos is leaning on more than 50 years of experience to navigate through some of the most difficult conditions ever seen in the buy-here, pay-here dealership industry. Co-owner Gary Chaney stressed that utilizing online auctions more this year ... [Read More]

Daimler Financial Names New President/CEO for Americas

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

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

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]

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